CTP has handed over a newly completed 18,000 sqm industrial and logistics building in CTPark Žatec to Fiege s.r.o. From this location, Fiege is planning to store and subsequently distribute tyres for retail clients from the Czech Republic, Moravia and Slovakia.
This is Fiege's third location in the CTP portfolio, following existing leases in Poland and the Czech Republic. After it takes over its additional space of almost 6,000 sqm in the fourth quarter of this year, the total occupied space in all CTP parks will reach 65,000 sqm.
The new regional distribution centre in CTPark Žatec is used to store Nexen Tire Europe (division OE) tyres and supply them to car manufacturing plants across Europe. CTP has specially adapted the premises for storing tyres in transport cages. Fiege will provide complete logistics services at CTPark Žatec for Nexen Tire Europe, which has its European production facility nearby. In the warehouse, which CTP is now preparing, Fiege will provide services for retail customers.
CTPark Žatec is located in an industrial zone approximately 30 km from the German border on the D8 motorway and close to the D7 motorway connecting Prague with Chomutov. In addition to the currently under construction ZA4 hall with a total area of 71,000 sqm, in which 47,000 sqm of space remains available, CTPark has shell & core space ready in two other warehouses of 4,000 and 9,000 sqm, which can be adapted within six months of signing the contract.
