by Property Forum | Investment

Patria Logistics-Retail Fund, managed by Patria Investment Company, successfully finalised the purchase of the Plana Logistics Park (PLP), located in Plana nad Luznici, Southern Bohemia. PLP is the third property acquired to the Fund and increases the total number of real estate assets owned and controlled by PIC to eight.

Plana Logistics Park is a premium logistics property, completed in Q2 2021. It is primarily comprised of high-quality warehouse space with a total leasable area of 17,350 sqm, as well as 428 sqm of offices and 72 parking spaces. The property is and will be long-term occupied by CS Cargo, the leading Central European provider of road, air, sea and rail transport services and a comprehensive range of logistics services.

The property is located at the D3 motorway connecting Prague with Ceske Budejovice, right at the Plana nad Luznici exit and is a part of an established industrial area.

Patria Investment Company acquired the property from CSPP Group and was represented by BNP Paribas RE, CMS Cameron McKenna, Sentient and KPMG.

Plana Logistics Park complements the previous two properties purchased into the Patria Logistics-Retail Fund during the second quarter of 2021 from KPD Group. Two retail parks in Kolin-Ovcary and Mohelnice together with the Plana property secured a natural sectoral and geographical diversification and the Patria Logistics-Retail Fund has seen a tremendous demand among CSOB Private Banking and Wealth Office clients.

“We are happy our latest acquisition expanded our residential, office and retail portfolio with the logistics segment, which is currently enjoying great interest from tenants as well as investors. We also believe the three properties in the Fund are a perfect match,” says Tomas Pribis, Member of the Board of Patria Investment Company.

“The acquisition of the Plana property is a continuation of the investment success story of 2021. Also, we are pleased to establish a long-term partnership with CSPP Group who acts as the property manager of both retail parks and the logistics property´” says Nina Kozakova, Member of the Board of Patria Investment Company.

Patria Investment Company, a 100% subsidiary of CSOB Group, currently manages three qualified investor´s funds comprising of eight properties with a total market value of almost CZK 4 billion.