Prologis Preleases 75 Percent at Prologis Park Wrocław V DC5
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- Hi Logistics Leases 20,600 Square Metres -
Prologis, Inc. (NYSE: PLD), the global leader in industrial real estate, today announced it has preleased 20,600 square metres of industrial space at Prologis Park Wroclaw V DC5 to Hi Logistics Europe, increasing the amount of preleased space at the facility to 75 percent.
Hi Logistics Europe is an affiliated logistics company of LG Electronics and repeat customer. This new agreement increases Hi Logistics Europe’s portfolio with Prologis to more than 98,500 square metres in Europe.
Hi Logistics will use the new speculative facility to serve the Polish, German and Czech markets. The property will be the first of its kind in Lower Silesia to incorporate energy-efficient lighting - a solution that optimizes operating costs. In addition, the building will feature a reversed pillar layout, which excludes the first line of support structures, providing Hi Logistics with an expanded picking zone. The facility will also include concrete truck ramps and a higher number of docks with arch roof skylights.
“With this lease agreement, the 27,000-square metre facility is 75 percent leased prior to planned completion in the third quarter,” said Ewa Zawadzka, vice president and head of development, Prologis Poland. “Wrocław is the best location to implement Hi Logistics’ strategy of centralizing operations in the region and we are pleased to support their continued success.”
Prologis Park Wroclaw V currently includes four delivered build-to-suits totalling more than 90,000 square metres. Customers include Eko Holding, Neonet, Tradis, and UPM Raflatac. The park has additional development potential of 98,000 square metres. Adjacent to Wroclaw’s ring road, the park is located in Nowa Wieś Wrocławska, approximately three kilometres south west of the Wroclaw Bielany junction at the crossroads of the A4 highway (Berlin - Wrocław - Ukraine) and the S8/E67 expressway.
With its active engagement in five countries across the region (Poland, Czech Republic, Hungary, Slovakia, and Romania), Prologis is the leading provider of industrial real estate in Central & Eastern Europe with approximately 3.7 million square metres of logistics and distribution space as of 31 March 2014.
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About Prologis
About Prologis, Inc., is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. As of March 31, 2014, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 574 million square feet (53.3 million square meters) in 21 countries. The company leases modern distribution facilities to more than 4,700 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.
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