The leader in distribution real estate – Prologis – has extended a lease agreement with Tesco for 126,000 sqm in two Prologis parks in Slovakia.
The signed agreements include:
• 34,900 sqm in building 4 at Prologis Park Bratislava, a modern distribution center consisting of 10 facilities with a total area of 234,000 sqm, located 24 km east of Bratislava city center;
• 26,000 sqm in building 1 and 65,000 sqm in building 2 at Prologis Park Galanta-Gan, consisting of three facilities with a total area of 185,000 sqm. The park is located 58 kilometers west of Bratislava and is connected to the D1 motorway via the E75 road.
The transaction was brokered by the real estate agency JLL.
– The lease extension by Tesco is a confirmation of Prologis’ ability to tailor buildings to the individual needs of clients, as well as to provide high-quality service, which results in long-term relationships – said Martin Polak, Senior Vice President and Country Manager for Prologis in the Czech Republic and Slovakia.
– We are pleased that we could broker the lease extension for two of our very important clients – said Martin Stratov, Head of Industrial Agency at JLL in Slovakia. – This is one of the largest lease transactions in recent years on the Slovak market.
With a portfolio totaling 455,000 sqm across three distribution parks in Bratislava (Senec), Galanta (Gan), and Nove Mesto, Prologis is the leading provider of warehouse space in Slovakia (as of September 30, 2014).