Prologis to invest in Gdańsk

Prologis will invest EUR 36-42 (zł.142-166) million in a new logistics center in Gdańsk. The new project, covering 88,000 sqm of total space, will consist of five buildings. Two buildings with a total space of 35,800 sqm will be put up during the first stage of construction. This part of the project has been scheduled for completion at the beginning of 2007.

"The logistics sector in Central and Eastern Europe is experiencing dynamic development, which results in increased demand for modern warehouse space," said Michael de Jong-Douglas, president of the management board of Prologis. "By building our logistics parks in the main cities of Poland, we are making an effort to meet the expectations of our customers. Consequently, our parks support the attraction of foreign capital to Poland."

Prologis, which already owns and operates ten other logistics centers in Poland, purchased the site in Gdańsk for EUR 5.6 (zł.22.1) million. It is situated in the industrial district of Gdańsk-Kokoszki. The firm says the proximity to the Gdańsk ring road and planned north-south A1 motorway makes the park a superb location for logistics companies.

The new development will be one of the most modern logistics centers in Poland. The facilities will be suitable for the needs of different types of customers, including those involved in logistics and distribution activities, storage, light-manufacturing activities and food refrigeration.