ProLogis Leases 154,000 Square Feet in the Czech Republic
- Third-Party Logistics Provider Takes Development Portfolio Space at ProLogis Park Ostrava -
PRAGUE, Sept. 10 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today it has leased 154,000 square feet (14,300 square meters) of newly developed distribution space during the third quarter to Geis Logistics, a full-service, global logistics company.
Geis Logistics will take the space in Building Two at ProLogis Park Ostrava, a logistics park located approximately nine miles (14 kilometers) west of the Ostrava city center, a major administrative and manufacturing hub in eastern Czech Republic. The park is positioned between the D47 motorway and the city's ring road, approximately 12 miles (20 kilometers) from the Ostrava International Airport.
"The Moravian region of the Czech Republic is an important location for the Geis Group," states Dr. Johannes Sollner, managing director for Geis Holding. "Our new state-of-the-art facility in ProLogis Park Ostrava will serve both as a central warehouse for our operations in the Czech Republic and Slovakia, and a gateway into the Eastern European markets."
ProLogis Park Ostrava comprises two buildings for a combined total of 710,000 square feet (66,000 square meters) of warehouse and office space. Other ProLogis customers at ProLogis Park Ostrava include Richter + Frenzel and In Time Spedice.
"Due to its strategic location, access to a highly qualified local labor force and good public transport connections, Ostrava is quickly becoming a popular location for logistics and light production companies," said Mario Sander, market officer for ProLogis in the Czech Republic and Slovakia. "We welcome Geis Logistics to the ProLogis network in Central and Eastern Europe, and look forward to working closely with the customer to ensure optimal building efficiency."
ProLogis' portfolio in the Czech Republic includes six distribution parks for a total of 6.5 million square feet (605,000 square meters) of distribution space owned, managed or under development.
About Geis CZ and General Parcel Cechy
Geis CZ s.r.o., the Geis Group's Czech subsidiary, employs more than 800 employees at 16 sites across the Czech Republic, and is one of the largest logistics service providers in the country. Geis CZ offers its customers true one-stop shopping: Its range of services extends from national and international forwarding, through airfreight and sea freight, to contract logistics and parcel and express services. All these CEP services are carried out by General Parcel Cechy, which is wholly-owned by the Geis Group.
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com.
Released September 10, 2009