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Prologis Purchases R6 Logistics Park from Skanska

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PRAGUE – Prologis, Inc., the leading global owner, operator and developer of industrial real estate, and Skanska Property Czech Republic, a subsidiary of Skanska Group, today announced that Prologis has acquired the R6 Logistics Park, located north west of Prague, from Skanska.

Prologis intends to rename the site Prologis Park Prague Airport. The property covers nearly 33 hectares of land and has development potential for 132,300 square metres of logistics space.

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Prologis Park Prague Airport is ideally located on the R6 highway - exit 7, which is just five minutes from Prague Václav Havel Airport, three minutes from the Prague Ring Road, and 10 minutes from the D5 highway connecting Prague with Pilsen and onto Germany.

“This is an exciting addition to Prologis' existing portfolio in and around Prague, whose excellent position and accessibility is rapidly turning it into a Central European hub of clear commercial importance in the region,” said Martin Polak, Prologis Country Manager, Czech Republic and Slovakia. “Given its direct access to transport links to other major cities in the Czech Republic and onto Germany, Prologis is pleased to offer this space to meet our customers’ demand for high quality distribution facilities.”

“As the activity in industrial real estate is growing and developers are again very active in this field, we concluded to sell the remaining part of our logistics park to one single developer,” said Marie Passburg, President, Skanska Property Czech Republic.

Commercial real estate agency, Colliers International represented Prologis throughout this transaction.

About Skanska

Skanska Property Czech Republic, s.r.o. focuses on commercial property development and operates independently from the Skanska a.s. group of companies. It has been operating on the Czech market since 1997 and has since completed numerous administrative buildings and commercial spaces. Skanska Property Czech Republic is currently developing sustainable administrative buildings in Prague: Riverview in Smíchov and Corso Court in Karlín.

Skanska Group is one of the world’s leading project development and construction groups, with expertise in the construction and development of commercial properties and residential projects as well as public-private partnerships. Using the Group’s global environmental know-how, Skanska aims to be a leader in the development and construction of green projects. The Group currently has 57,000 employees in selected home markets in Europe, the U.S. and Latin America. Skanska’s revenue in 2013 totaled SEK 136 billion (EUR 15.8 billion).For more information on the company and its projects please visit www.skanska.cz.

About Prologis

Prologis, Inc., is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. As of March 31, 2014, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 574 million square feet (53.3 million square meters) in 21 countries. The company leases modern distribution facilities to more than 4,700 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.

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