P3 to launch 60,000 sqm speculative project near Prague

21
Feb
2019
News - P3 to launch 60,000 sqm speculative project near Prague #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.



New leases

  • 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.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

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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