Prologis buys 50,000-sqm logistics scheme from Invesco

Prologis European Properties Fund II (“PEPF II”) has acquired a 50,000-sqm logistics facility from Invesco Real Estate. The value of the transaction has not been disclosed. The building is 100-percent leased to Castorama. The facility has been renamed as Prologis Park Stryków II. It is located 18 kilometres southwest of Łódź city centre and 2 kilometres from the intersection of the A1/E75 highway (Gdansk-Vienna) and the A2/E30 highway (Berlin). “This acquisition is a unique opportunity to purchase a premium-quality asset,” said Ben Bannatyne, managing director of Prologis Central and Eastern Europe. “This facility complements PEPF II’s existing portfolio and meets rising demand for well-located logistics infrastructure in Poland,” he added. The transaction follows the first acquisition by PEPF II from Invesco Real Estate of two logistics facilities in Poland and Hungary, totaling 94,200 sqm, which was concluded back in July of this year.