PL

Prologis busy selling, leasing, building

Warehouse & industrial
EUROPE Prologis has acquired the Westgate Park Rudna logistics project near Prague from London-based fund manager Europa Capital.
The building has been merged into the neighbouring Prologis Park Prague-Rudna logistics complex, while its name has been changed to DC18. It is currently 52 pct leased to Sportisimo. As a result of the transaction, Prologis Park Prague-Rudna has been expanded by 14 ha and a 28,000 sqm warehouse. Prologis Park Prague-Rudna currently comprises 18 buildings and offers 191,000 sqm of distribution space. The park is located 20 km from the centre of Prague on the D5 motorway. Prologis has also sold some of its assets to Norwegian sovereign wealth fund manager Norges Bank Investment Management. The transaction includes a 50 pct stake in a EUR 310 mln logistics portfolio of eight buildings in Poland, the UK and France, comprising 260,000 sqm of warehouse space in total. Three of the buildings, which comprise a total of 71,000 sqm, are situated in Prologis Park Wrocław V, while the fourth is an 18,500 sqm building forming part o
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