ProLogis has signed Gefco and L'Oreal for lease agreements of 110,000 sq ft of distribution space in ProLogis Park, Prague.
The first agreement has been signed with European transport and logistics firm, Gefco. It will occupy 71,000 sq ft of space for five years, from January 2009 to January 2014.
The second agreement has been signed with L’Oreal, increasing its occupancy from 108,000 sq ft to 147,000 sq ft. The lease will run for a period of three years, expiring in July 2012.
Gordon Keiser, CEO of PEPR said, ‘We are pleased to have completed these two deals, both of which are in line with current market levels. Gefco and L’Oreal are important and growing customers for us and we are delighted to be extending our respective relationships with them.
‘These agreements consolidate our position in the Czech market, a strategic location for us, and increase our already high occupancy levels of over 97%.'