Over the next six months, Prologis will bring to market nine modern, sustainable buildings in the Czech Republic, Hungary, Poland and Slovakia. The developer currently has nine logistics facilities under construction in CEE totalling around 200,000 square meters of space.
Vacancy rates are at historically low levels in the CEE region, there are a limited number of state-of-the-art premises available in the most in-demand locations and demand for high-quality facilities showing little sign of abating.
In the Czech Republic, Prologis will complete the first speculative development at its new Prologis Park Brno – the 27,860 sqm Building 2. Construction of two more developments is also set to finish at Prologis Park Prague-Airport. These comprise Building 3, a mix of speculative and pre-let totalling 38,617 sqm, and Building 2B, a build-to-suit (BTS) facility covering 9,500 sqm. Once these two facilities are delivered, Prologis Park Prague-Airport will be fully developed.
In Poland, Prologis will complete a 16,500 sqm speculative facility at Prologis Park Lodz, which is the most desirable logistics location in all of CEE according to Prologis and eyefortransport research. They will also deliver a 13,300 sqm small business unit (SBU) at Prologis Park Poznań III and a 15,600 sqm speculative facility at Prologis Park Wrocław V.
In Slovakia, the developer will deliver the first two speculative facilities totalling 63,423 sqm at our new Prologis Park Nitra, located next to Jaguar Land Rover factory.
And in Hungary, Prologis is building a 10,600 sqm speculative facility at Prologis Park Budapest-Harbor, which will be available for customers in March 2019. Building 12 at the park will be the first BIM (Building Information Modelling)-designed logistics facility in Prologis’ CEE portfolio.