CTP is developing a new 71,000 sqm industrial and logistics building at CTPark Žatec in the Czech Republic. A portion of 18,000 sqm has been leased to Fiege, a logistics and transport services provider in Europe.
The warehouse is being built to target a BREEAM 'Excellent' New Construction sustainability certification. It is located in a proven industrial zone approximately 30 km from the German border on the D8 motorway and close to the D7 motorway connecting Prague with Chomutov.
This will be Fiege’s third location with CTP, following existing leases in Poland and the Czech Republic and brings their total occupation across CTParks to 59,000 sqm. From April 2024, the new regional distribution centre at CTPark Žatec will be used to store tyres from Nexen Tire Europe and supply them to automotive manufacturing plants across Europe. The warehouse had to be specially adapted for the storage of tyres in transport cages. Fiege will provide complete logistics services at CTPark Žatec for Nexen Tire Europe, which has its European production plant close by.
This new agreement is driven by the current ‘nearshoring’ trend, which is seeing many companies bring production closer to their customers and increase their European production capacity, and the resultant growth in the supply chain.
"The cooperation with Fiege in CTPark Žatec is already our second common project in the Czech Republic and the third in Europe. These repeated partnerships prove how we can grow and develop together with our clients,“ said Jakub Kodr, Head of Business Development at CTP Czech Republic.
Jakub Kodr
Head of Business Development, Czech Republic
CTP
