Prologis has launched the construction of Prologis Park Brno, a new logistics park in the Czech Republic, with the first speculative development of 27,860 m2.
The property is scheduled to be completed in the third quarter of 2018.
Prologis Park Brno, located 10 kilometres south of the city of Brno, will ultimately comprise three buildings of sustainable logistics space totalling 90,000 m2.
'We are excited about our new development in Brno, which with its great visibility and advantageous location on major access routes, will undoubtedly prove to be a valuable addition to what is now one of our best performing portfolios. We have been allocating capital to concentrate on core markets such as Prague or Brno where there is huge pent-up demand for the kind of high-quality logistics facilities backed by superior customer service that Prologis offers all its customers,' said Martin Polak, regional head of Central and Eastern Europe at Prologis.