DHL Takes Extra 425,000 SF at ProLogis Park

(Read more on the industrial market.)

PRAGUE-DHL Logistics continues to ramp up its presence in this expanding distribution market, taking down another 425,000 sf at ProLogis Park Prague-Jirny, a master-planned industrial complex that has six buildings featuring modern office and warehouse space. After previously securing two other new buildings, DHL now leases 1.07 million sf of the two million sf available at the park, which is being developed by Denver-based ProLogis.

“We are very pleased to have signed these new agreements with DHL,” says ProLogis SVP Michael de Jong-Douglas, regional director for Central and Eastern Europe. The REIT considers the Czech Republic “a prime location for distribution logistics,” Jong-Douglas explains, citing the country’s low cost of living, deep labor pool and proximity to key markets in the region. “Combined with recent transportation infrastructure improvements and a revived economy, demand for our high-quality warehouse facilities from retailers, manufacturers and third-party logistics providers continues to grow.”