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Prologis buys near Rome, to expand Czech Republic logistics property

acquired twologistics assets in Italy for its Prologis European Property Fund II for anundisclosed price, Property InvestorEurope reported March 30.

The distributionwarehouses in Fiano Romano, 40 kilometers north of Rome, comprise 52,600 squaremeters of gross lettable space, and are let to two logistics companies.Prologis now has five assets in the region, according to the report.

Prologis'total Italian holdings amount to nearly 965,580 square meters. Its logisticsparks are located in Pavia, Turin, Padua, Rome and the Milan area.

Thecompany is also seeking to expand its Prologis Park Prague D1 East in the CzechRepublic, according to a March 30 news release. The property is situated nearPrague and currently consists of seven buildings encompassing 130,000 squaremeters of distribution space.

Thecompany will expand the property by building two additional buildings totaling10,360 square meters, with completion expected in the third quarter. Thebuildings are already 100% preleased. One building has been preleased tologistics provider Logflex, while European food logistics provider Nagel-Grouphas taken space at the other building.

Further,Nagel-Group has extended its existing lease covering 13,700 square meters atPrologis Park Prague D1 West.