P3 completes two buildings at P3 Prague D11

27
Feb
2017
News - P3 completes two buildings at P3 Prague D11 #Czech Republic #development #industrial #logistics #P3 #Prague

by Ákos Budai | Industrial

P3 has completed the first two warehouses at P3 Prague D11, developed partly on a Build-to-Suit basis for Exiteria and FM Logistic, comprising a total of 60,000 sqm. The warehouses are among the largest buildings planned for the park and account for over a third of its total size.  The rest of the site can accommodate eight further warehouses ranging from 3,000 sqm to 26,000 sqm. After completion, P3 Prague D11 will provide a total of 155,000 sqm.


P3 Prague D11 park is located east of the capital, near Highway D11, eight kilometres from the Černý Most shopping district. It is suitable for both distribution and light manufacturing. 
 
The first warehouse at P3 Prague D11 was developed in the first half of 2016 on a Build-to-Suit basis for Exiteria, which runs e-shops with furniture. It occupies 10,000 sqm of the 20,000 sqm building. The rest of the warehouse P3 leased to Penny Market.
 
Photo: p3parks.com

The other warehouse was completed at the beginning of this year. It is occupied by three businesses. The largest is FM Logistic, a logistics services company that uses 17,000 sqm to store goods for the Nestlé Corporation. The warehouse features an air-conditioned area where the temperature is maintained at a constant 16 °C for this storage. Summer cooling and winter heating costs are reduced thanks to extra-thick façade panels and insulated bridges. LED lighting has been installed throughout the building. It also has a roof clearance of 12 m, above the industry standard, allowing increased storage capacity.

The warehouse also includes 5,000 sqm occupied by the LIDL retail chain and 4,700 sqm used by Ekol Logistics, a Turkish company that entered the Czech market in April 2016 and has its registered office at P3 Prague D11.  An additional 13,000 sqm is available for lease.



New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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