ProLogis building in Poland, Czechia

Times were that warehouse construction starts were no big thing, but we live in a new time. One in which oversupply of space was a serious problem until recently, and tougher financing and leasing terms meant that new build space was a rarity. So the fact that ProLogis is building in Jirny (Czech Republic) and in Wroclaw, where projects of 20,000 sqm and 22,350 sqm are to be completed by the fourth quarter of the year is significant news.

“ProLogis’ absolute advantage, apart from having distribution facilities available for immediatelease and use, is an extensive land bank of strategically located sites across the CEE region, which gives us the opportunity to meet our customers’ needs for new distribution space,” said Ben Bannatyne, ProLogis managing director for Central & Eastern Europe.

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