Invesco Real Estate, Logport Development to develop major last-mile Prague logistics park for U.S. client

Invesco Real Estate has committed to develop, via a forward-funding structure, a 37,900-square-meter (407,952 square feet), class A, last-mile logistics facility strategically located adjacent to the Prague ring road deal on behalf of a U.S. separate-account client.

Constructed by Logport Development, the facility will consist of 11 separate units to be completed by first quarter 2024. Seven units – called LogSpace – will be traditional logistics buildings built in three distinct size categories for larger tenants. The other four – called LogBox – will be a highly flexible blend of smaller warehousing, office and showroom assets.

Due to its excellent location and flexible market approach, more than half of the space already is pre-let to a range of prime tenants. The site will be rated BREEAM In-use Excellent and BREEAM New Construction Very Good. Among other sustainability attributes, it will make extensive use of solar panels, gray water and rainwater retenti