Prologis Signs 334,000 Square Foot Built-To-Suit Agreement In The Czech Republic

Prologis, Inc. PLD, the global leader in industrial real estate, today announced it has signed a 334,000 square foot (31,000 square meter) build-to-suit agreement at Prologis Park Prague-Jirny with Mall.cz, a regional online consumer goods and electronics store. "Our decision to move to a new distribution center was based on driving profitability and serving our customers in a timely manner," said Oldrich Petranek, International Operations Director, Mall.cz. "We needed a prime location and highly advanced distribution space. Prologis Park Prague-Jirny offers both." "We are delighted to welcome Mall.cz to Prologis Park Prague-Jirny," said Ben Bannatyne, managing director, Prologis Central and Eastern Europe. "This agreement reflects ongoing demand from e-commerce customers for Class-A logistics facilities." Prologis Park Prague-Jirny is 97-percent leased. It comprises 2.3 million square feet (213,000 square meters) with build-out potential for an additional 1.3 million square feet (120,000 square meters). Prologis owns and manages a portfolio of more than 44 million square feet (4.1 million square meters) of logistics and distribution space in Central and Eastern Europe as of September 30, 2014.