US-based industrial specialist Prologis said on Tuesday that its European Properties Fund II (PEPF II) has acquired a 230,000 m2 portfolio in the Czech Republic, Poland and Slovakia.

US-based industrial specialist Prologis said on Tuesday that its European Properties Fund II (PEPF II) has acquired a 230,000 m2 portfolio in the Czech Republic, Poland and Slovakia.

The portfolio encompasses 23 distribution centres, including Prologis Park Prague-Rudna, comprising 163,000 m2 in Prague: Prologis Park Warsaw-Zeran comprising four properties totalling 55,400 m2 in Warsaw and a further two properties totalling 11,600 m2 in Bratislava.

The vendor is believed to be US Group Heitman. Financial details were not disclosed.

'We are pleased to acquire such well-located logistics facilities at a discount to replacement costs,' said Philip Dunne, president of Prologis Europe. 'These high-quality assets complement our existing portfolio. The Prague assets, in particular, are in a long-established park that will benefit from an increase in labour availability in the years to come.'

The purchase follows the acquisition in July of two logistics facilities in Poland and Hungary providing over 94,000 m2, also on behalf of Prologis' European Properties Fund II.