News Article Czech Republic EQT Exeter industrial logistics Ostrava property management Savills
by Property Forum | Industrial

EQT Exeter has appointed Savills as property manager for its very first investment in the Czech Republic. The portfolio of industrial assets comprises 140,000 sqm and is located close to Ostrava, Logistics Park Nošovice with effect from July 2021 and Ostrava Airport Multimodal Park in Mošnov with effect from December 2021.

Logistics Park Nošovice comprises three modern industrial halls with a total area of  63,800 sqm of warehouse space and a potential built-up area of 6,500 sqm for expansion. The site is set in a 16-hectare area and was developed on the eastern outskirts of Nošovice, in the immediate vicinity of the Hyundai car production plant. The premises are currently fully leased to Hyundai Glovis Czech Republic, whose key customer is the car manufacturer Hyundai Motor Manufacturing Czech.

The second asset, Ostrava Airport Multimodal Park, currently comprises the management of two modern industrial halls with a total area of 77,000 sqm of warehouse space. The Park benefits from the proximity of the Leoš Janáček Ostrava International Airport and also includes the construction of a combined transport terminal. . The premises are fully leased, with tenants such as Continental Barum, DHL, Hyundai Glovis, M.K. Invest, Rhenus Logistics, Skladon a UFI Filters.

Michaela Semanová, Head of Property Management at Savills CZ&SK, said: “The entire Savills property management team is proud of this new contract and the trust placed in us by the EQT Exeter. This new mandate reflects the breadth of expertise that Savills has across sectors and we look forward to incorporating many of our dedicated services into the client´s planned strategy for the Czech market.”

Savills’ property management department in Prague was established in April 2017 and has since grown to more than 35 people. Currently, the team manages a portfolio of 555,100 sqm in the value of €1.2 billion, including office buildings, industrial parks, mixed-use and retail projects.