Automotive components supplier Borgers leased 12,000 square meters
Industrial real estate firm Prologis announced that it has signed a 12,000 square meter lease agreement with German-based company Borgers at Prologis Park Pilsen-Stenovice in the Czech Republic.
The family-owned automotive components supplier began operating from the new facility on May 1, 2015, although Prologis has agreed to carry out further works over the coming months to meet the customer’s needs.
“For our business, ease of access to the German automotive OEMs is essential, as well as to regional trade and traffic routes,” said Lubor Šabacký, chief financial officer, Borgers. “Prologis Park Pilsen-Stenovice meets all of these requirements,” Uwe Hengstermann, CEO of Borgers pointed out: “To meet automotive customer requirements regarding FiFo, safety and roofed loadings, we were further pleased with Prologis’ ability and willingness to customize the space for us at our request.”
“We have seen increased demand for distribution and production space from the growing automotive parts industry throughout the region over the past year,” said, Marek Muller, director, development and leasing, Prologis Czech Republic. “We are delighted to be supporting Borgers in its expansion in the region.”
108 Real Estate Agency acted as the transaction broker.
Prologis Park Pilsen-Stenovice comprises 58,500 square meters of modern logistics and distribution space. Following the recently-signed 3,000 square metre expansion agreement with Sony DADC, the park is now 100 percent leased. It is situated just two kilometres from the city of Pilsen. It is well connected to the national and international traffic network by the D5 motorway, which enables efficient distribution to both local markets and neighboring countries.
Prologis is one of the leading providers of distribution facilities in the Czech Republic with more than 865,000 square meters of logistics and industrial space (as of March 31, 2015).
Prologis is the global leader in industrial real estate. As of March 31, 2015, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 55 million square meters in 21 countries. The company leases modern distribution facilities to more than 4,700 customers, including third-party logistics providers, transportation companies, retailers and manufacturers.
Source | Prague Post