Prologis, Inc., the global leader in logistics real estate, today announced the acquisition of 2.4 hectares in the highly sought-after Prague logistics market.

The site is next to the D1 highway, the Czech Republic’s main arterial route. Prologis currently owns three 99-percent-occupied logistics parks totaling 238,000 square meters on the D1 highway near Prague. Upon completion, the park will be named Prologis Park Prague D1 Ostredek.

Construction of the first development of approximately 10,000 square meters at the new park is planned to begin in mid-2019. The facility will offer customers sustainable and above-standard features including LED lighting, solar hot water heating in the office space, online smart metering for utilities, thicker thermal and roof insulation, and increased loading dock ratio to one dock per 370 square meters. The building will be submitted for BREEAM Very Good accreditation.

“The acquisition of this site in such a premium location is our response to strong customer demand for state-of-the-art logistics space in this sought-after area,” says Martin Balaz, vice president, country manager, Prologis Czech Republic and Prologis Slovakia. “This new high-quality, energy-efficient facility backed with exceptional property management services will allow customers to fully focus on their business operations.”

Prologis Park Prague D1 Ostredek is located directly off the major D1 motorway, next to exit 34. This excellent location permits travel to Prague City Center in about 30 minutes. Other major population centers such Brno or Ostrava are within 1.5 and 3.5 hours, respectively. The site also provides easy access to markets in Slovakia, Austria, Hungary and Poland.

Prologis is a leading provider of distribution facilities in the Czech Republic with more than 1.1 million square meters of logistics and industrial space (as of December 31, 2018).