Prologis to Develop 376,000 Square Foot Build-to-Suit Facility in Poland
Prologisthe leading global owner, operator and developer of industrial real estate, today announced it has signed a new build-to-suit agreement with a leading Polish retailer for a 376,000 square foot (34,900 square meter) distribution center in Poland.
The new facility is located in Prologis Park Wroclaw V adjacent to Wroclaw’s ring road and proximate to major transportation routes via the Wroclaw Bielany junction. Set on 173 acres (70 hectares) of land, the park will total more than 3.1 million square feet (290,000 square meters) of Class-A logistics space at full build-out. Upon completion, Prologis will submit the building for BREEAM certification.
“As the fourth build-to-suit in less than two years, this transaction further highlights the strategic importance of Prologis Park Wroclaw V as a key logistics location,” said Ben Bannatyne, managing director, Prologis Central & Eastern Europe. “Supply chain consolidation and a rapidly growing consumer class continue to drive demand for logistics infrastructure in Central Europe.”
Prologis is the largest owner and operator of industrial real estate in Poland with a portfolio totaling more than 20.5 million square feet (1.9 million square meters).
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, 2013, Prologis owned or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 559 million square feet (51.9 million square meters) in 21 countries. The company leases modern distribution facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.
Source : Company