Modesta Real Estate successfully represented Prologis during the acquisition of Prologis Pilsen Park II. Prologis, Inc., the global leader in logistics real estate, announced that Prologis European Logistics Fund (PELF) has acquired Mountpark Pilsen in the Czech Republic from Mountpark Logistics EU.
The park, comprising 43,700 square metres of vacant space and three hectares of additional development land, totalling 10,000 square metres, will be renamed Prologis Park Pilsen II.
Situated on the D5 highway that connects Prague to Bavaria, 16 kilometres west of Pilsen in the municipality of Prehysov, the park offers a prime logistics location. Regarded as the Czech Republic’s gateway to Europe, it is a strategic manufacturing hub due to competitive wages and a highly skilled workforce. It is Prologis’ second investment in the Pilsen market, next to its fully occupied, 58,500 square metre Prologis Park at Pilsen-Stenovice.
“Pilsen is an established logistics market and a target one for Prologis. This acquisition provides a good growth opportunity in a high demand region,” says Martin Polak, Senior Vice President, Regional Head, Prologis CEE.
Sebastian Scheufele SIOR, Managing Partner at Modesta Real Estate about the transaction: “We are very pleased to successfully represented Prologis on the strategic investment in its second Pilsen Park. Through this transaction, they have acquired another excellent logistics location that can guarantee the fast growth of the company. We would like to thank Prologis for the great cooperation and wish them all the best for further future development of this strategic location.”