Prologis buys CEE logistics portfolio

Industrial property investor Prologis has acquired a 230,000 sqm logistics portfolio that includes 23 properties in Poland, the Czech Republic and Slovakia, the company said in a press release on Tuesday. Prologis bought 17 properties with a total of 163,000 sqm in the Czech Republic, four facilities with 55,400 sqm in Poland and two properties with 11,600 sqm in Slovakia. “We are pleased to acquire such well-located logistics facilities at a discount to replacement costs,” said Philip Dunne, head of Prologis Europe. “These high-quality assets complement our existing portfolio.”