News Article Czech Republic development industrial logistics P3 speculative
by Property Forum | Industrial

One of the newest industrial parks in the portfolio of the developer and manager of industrial properties, P3 Logistic Parks, will launch an expansion this spring. Warehouse A will be enlarged from its present size of 30,000 sqm by an additional 60,000 sqm. The extra capacity will be available to prospective customers at the end of the year. It will be the largest building in P3’s portfolio in the Czech Republic.


Even before laying the last cubic metre of concrete for the floor of the shell of the new warehouse in June 2018, P3 Logistic Parks had great plans for the Lovosice complex. Thanks to its connections to exits 45 and 48 on the D8 motorway, the close proximity of a container terminal on a railway line connecting Budapest, Vienna and Berlin, and a two-kilometre distance from a river port on the Labe, demand is high for premises in the park. Long-term P3 customer FM Logistic ordered 30,000 sqm of custom-built space even before construction began. Once enlarged, the warehouse will offer units with sizes starting at 5,000 sqm.
 
In planning the park, which will provide several hundred jobs, P3 pays close attention to the comfort of both employees and people from the local community. In addition to the fact that P3 Lovosice is easily accessible by public transport thanks to its location on three routes, there will be ample parking space for workers who travel to work by car. Local residents can easily reach the park on foot or by bicycle. Lighting in both existing and new buildings will be provided by environmentally-friendly, cost-saving LED lights. To improve thermal insulation and energy efficiency, the warehouse will feature a reinforced façade and insulated loading bays. The park will be incorporated into a natural habitat with trees and bushes, which will provide an optical and acoustic barrier separating the industrial zone from the municipality of Lukavec.
 
The park is located directly next to another property in the P3 portfolio, the P3 Lovosice Cargo park, which is used under a long-term lease by a single customer conducting business in the rail transport sector. Once the park is completed, P3 will manage more than 168,000 sqm of industrial space in Lovosice.