P3 to execute BTS projects around four Czech cities

29
Mar
2021
News - P3 to execute BTS projects around four Czech cities #BTS #Czech Republic #development #industrial #logistics #Ostrava #P3 #Plzen #Prague

by Property Forum | Industrial

This year, P3 will focus on offering clients facilities constructed on a built-to-suit basis. On a site adjacent to highway D6 near Prague, the industrial developer is ready to start building 17,000 sqm of warehouse space immediately. Additional thousands of square metres are on offer midway between Prague and Dresden at P3 Lovosice, and the first columns will soon be erected in P3's new parks in Ostrava and in Myslinka near Pilsen. All of P3's new buildings will carry a BREEAM Very Good or higher certificate.


Land is in short supply in Prague’s vicinity

Last year, P3 completed several interesting acquisitions, which included a smaller park in Stochov, a Central Bohemian town accessible from Prague's western suburbs. The European industrial developer plans to build another warehouse there with a floor area of 17,000 sqm in addition to an existing facility used by Müller Technik to assemble and distribute automotive components manufactured by the company. In addition, P3 offers tenants the lease of smaller units as well.

"This is one of the last opportunities to carry out a development of such a scope in the vicinity of Prague. Currently, most inquiries we receive concern this locality," reveals Daniel Kubizňák, P3's Head of Leasing and Development.

The P3 Lovosice Park is relatively well accessible from Prague (40 minutes) and at the same time close to the German border (60 minutes). The site has sufficient space for the construction of a warehouse with a combined capacity of close to 28,000 sqm, mostly for logistics and light manufacturing. Tenants currently conducting business in the park include FM Logistic and the owner of retail furniture chain XLMX. Another client that has recently relocated to the park is VanEupen, a firm specializing in reverse logistics and electrical appliance servicing.

New industrial parks grow both in the centre and on the outskirts

Another brand-new park that will benefit from a good connection to Germany via Highway D5 is P3 Plzeň Myslinka, located about 12 kilometres from Pilsen's centre and 4 km from the highway exit near the municipality of Myslinka. The park will feature five warehouses with units ranging from 3,000 sqm to 30,000 sqm. The construction of the first facility will begin this spring, and it will be ready for the first tenants at the turn of the year.

P3 is planning to build another park on a brownfield in the greater central area of Ostrava, in the vicinity of the Lower Vítkovice Area. Named P3 Ostrava Central, the strategically located commercial and industrial district will has been designed to cater to modern urban logistics trends.

"Spanning over 110 acres, the site will provide suitable facilities for both logistics and manufacturing, and feature excellent connections to municipal public transport and major roads and railways. These attributes and much more provide a high potential for retail and e-commerce. Smaller buildings on the site will be ideal for sample rooms, showrooms, or outlets directly serving customers, such as service centres or pickup points," explains Kubizňák, adding that the size of offered units will range from 1,500 sqm to as much as 30,000 sqm. Construction is expected to begin at the end of this year, and the first tenants will move in by the summer of next year.




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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