San Francisco-based industrial real estate investment trust
) has inked a deal with a retailer for a build-to-suit facility
in Poland. Spanning 376,000 square feet, this distribution center
represents the fourth build-to-suit project in less than two
years at Prologis Park Wroclaw V.
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PROLOGIS INC (PLD): Free Stock Analysis
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With a larger customer base and supply chain consolidation, the
demand for logistics infrastructure have risen substantially in
Central Europe and Prologis is set to capitalize on it.
Built on 173 acres of land, Prologis Park enjoys easy
accessibility for being adjacent to Wroclaw's ring road and close
to major transportation routes through the Wroclaw Bielany
junction. Upon completion, the park will have over 3.1 million
square feet of Class-A logistics space and serve as a key
As a matter of fact, Prologis is endeavoring to capitalize on its
global prospects. With growth in e-Commerce, there is a rising
demand for Class-A facilities and the company stands to benefit
as it has the capacity to offer modern distribution facilities in
strategic infill locations. Moreover, leasing decisions that were
earlier postponed due to volatility in the markets are gradually
coming off the shelf.
Its build-to-suit deal in the first quarter with end-to-end
e-Commerce service provider - SpeedFC, a subsidiary of
) and the transaction with Chinese logistics provider, Deppon are
expected to contribute meaningfully to the company's top line.
Prologis currently holds a Zacks Rank #3 (Hold). Two other REIT
stocks that are performing well and deserve a look are
DCT Industrial Trust Inc.
Extra Space Storage Inc.
), both of which carry a Zacks Rank #2.