ProLogis leases more than 140,000 square feet in Slovakia to Tesco

ProLogis announced today that it has leased more than 13,300 square meters in Bratislava, Slovakia, to Tesco International Clothing Brand s.r.o., a division of Tesco plc, one of the world's largest food and general merchandise retailers.

Tesco will occupy the space in a new, 27,000-square-meter building at ProLogis Park Galanta-Gan, a state-of-the-art distribution park located approximately 60 kilometers northeast of downtown Bratislava.

Construction on the new facility commenced in July of 2008, and is scheduled for completion during the first quarter of 2009.

This is Tesco's third lease with ProLogis in Slovakia; the company also occupies 700,000 square feet (65,000 square meters) in another building at the same park and more than 375,000 square feet (35,000 square meters) of space at ProLogis Park Bratislava. In total, Tesco leases more than 2.3 million square feet (216,000 square meters) of space from ProLogis in Europe.

ProLogis Park Galanta-Gan currently comprises two completed warehouse facilities totaling more than 1.7 million square feet (160,000 square meters) in addition to the 290,000-square-foot (27,000-square-meter) facility that is under construction. The park is strategically located near the international highway D1 (E58), which runs from Vienna through Bratislava and on to Russia, as well as the Bratislava airport and the Port of Bratislava, which connects to the Port of Rotterdam via the Danube River.

ProLogis' portfolio in Slovakia totals 4.17 million square feet (387,000 square meters) of industrial space, as of September 30, 2008. Major customers in the country include C&A, Brilux and Spandex, DHL, Gebruder Weiss, HOPI, Joebstl Warehousing, Lekkerland, Nay Elektrodom, Tesco, Transkam Slovakia, Weindel and Wincanton.<Korea Shipping Gazette>