News Article Czech Republic development industrial investment land logistics Prague
by Property Forum | Investment

Prologis has acquired additional development land near its existing logistics park in Ostredek, Czech Republic. Located on the other side of the highway running through the site, the addition of another 7.15 hectares with potential development space of 27,000 sqm will take the total park area to 196,000 sqm. This will allow the park to provide even more development opportunities beyond the 8,880 sqm building DC1 currently under construction.

The new land acquisition was brokered by 108 Agency. It follows the partial leasing of building DC1 to Zeppelin CZ, a dealer, service provider and spare parts distributor for Caterpillar construction, agricultural and mining industry machinery, whose tailor-made space will take up half of the building.

“Acquiring more land at Ostredek expands the potential for this park to become one of the Czech Republic’s key logistics locations,” said Michal Vrba, Vice President, Head of Project Management Czech Republic and Slovakia at Prologis. “We are already very excited to welcome Zeppelin CZ to their new home, and the prospect of building more partnerships across a greater area at this new park makes the development even more special.”

“Helping Prologis acquire more land at Ostredek marks an exciting new phase in the development of the area,” said Jakub Holec, CEO of 108 Agency. “Prologis’ presence will bring a new level of business activity to Ostredek, creating job opportunities for local communities. This is something we are happy to have helped facilitate.”