Prologis, Inc., the global leader in industrial real estate, today announced that it has signed a 12,000 square metre lease agreement with German-based company, Borgers, at Prologis Park Pilsen-Stenovice in the Czech Republic.
The family-owned automotive components supplier began operating from the new facility on May 1, 2015, although Prologis has agreed to carry out further worksover the coming months to meet the customer’s needs.
,,For our business, ease of access to the German automotive OEMs is essential, as well as to regional trade and traffic routes,” said Lubor Šabacký, chief financial officer, Borgers. “Prologis Park Pilsen-Stenovice meets all of these requirements,” Uwe Hengstermann, CEO of Borgers pointed out: "To meet automotive customer requirements regarding FiFo, safety and roofedloadings, we were further pleased with Prologis’ ability and willingness to customise the space for us at our request.”
“We have seen increased demand for distribution and production space from the growing automotive parts industry throughout the region over the past year,” said, Marek Muller, director, development and leasing, Prologis Czech Republic. “We are delighted to be supporting Borgers in its expansion in the region.”
As the transaction broker acted real eastate consultancy firm 108 AGENCY.
Prologis Park Pilsen-Stenovice comprises 58,500 square metres of modern logisticsand distribution space. Following the recently-signed 3,000 square metre expansion agreement with Sony DADC, the park is now 100 percent leased. It is situated just two kilometresfrom the city of Pilsen. It is well connected to the national and international traffic network by the D5 motorway, which enables efficient distribution to both local markets and neighbouring countries.
Prologis is one of the leading providers of distribution facilities in the Czech Republic with more than 865,000 square metres of logistics and industrial space (as of March 31, 2015).