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Modesta Real Estate represented Prologis Pilsen Park II acquisition

Prologis Park Pilsen II offers a prime logistics location.

Prologis Park Pilsen II

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, totaling 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 in 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,

Martin Polak, Senior Vice President and Regional Head, Prologis CEE.

Sebastian Scheufele SIOR, Managing Partner at Modesta Real Estate, about the transaction: “We are very pleased to successfully represent 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 development of this strategic location.”

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About Modesta Real Estate Austria

MG Real Estate GmbH was founded in Vienna in 2002. In addition to the Headquarters in Vienna, a subsidiary company was launched in Bratislava in 2005. Since its foundation year, Modesta Real Estate can look back at a successful company history. A significant share of this success is due to prestigious clients such as AMISOLA, BECHTLE, BFI, BOSCH, HONEYWELL, LOUIS VUITTON, MONDI AG, MOUNTPARK, PHILIPS, PROLOGIS, SIEMENS, SIGNA, USAA and WOLSELEY. In recent years, millions of square metres of office, industrial and logistics space as well as development sites have been successfully completed. Besides the domestic markets in Austria and Slovakia, Modesta Real Estate also assists in numerous transactions in the CEE markets and supports its international partners with corporate real estate advice.


Contact:

Modesta Real Estate
MG Real Estate GmbH
Sebastian Scheufele, SIOR
Managing Partner
Dr. Karl-Lueger-Platz 5
1010 Vienna
phone: +43 1 513 29 39 – 22
fax: +43 1 513 29 39 – 14
email: scheufele@modesta.at

Modesta Real Estate
MG Real Estate GmbH
Barbara Woransky-Neydl
Media & Research
Dr. Karl-Lueger-Platz 5
1010 Vienna
phone: +43 1 513 29 39 – 12
fax: +43 1 513 29 39 – 14
email: woransky-neydl@modesta.at

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