Stoneweg has completed three lease regears totalling 17,000 sqm across its industrial portfolio in the Czech Republic on behalf of Stoneweg European Real Estate Investment Trust (Sert). The leases were agreed in line with the previous passing rent.
At its 11,154 sqm single tenant warehouse in South Moravia One Industrial Park in Vyškov, South Moravia, Sert has signed a two-year early lease extension with Rompa CZ, a plastic fabrication business. The EPC B, 100% green electricity-certified property serves as Rompa's primary distribution facility in the CEE region.
South Moravia One Industrial Park is located 15 minutes' drive south of Brno, the Czech Republic's second-largest city with a population of 800,000, and close to the D1 and D2 motorways, which offer road connectivity to western Europe and across the CEE.
At Písek One Industrial Park I and II, a logistics hub in Písek, South Bohemia, logistics transportation business Maentiva Cargo has signed a five-year early lease renewal for 6,000 sqm of space across two adjacent, single tenant units. The properties are located along the D4 motorway, offering direct access to both the German and Austrian markets.
Iveta Valentova, Asset Management for Czech Republic at Stoneweg, said: "The Czech Republic has been one of Europe's most resilient logistics markets, with e-commerce and near-shoring trends driving occupier take up and rental growth. All three assets are situated within sought after regional distribution and supply chain operation hubs. The terms achieved in these lease renewals underscores the strength of our local teams, whose market relationships and understanding of the limited supply of high-quality assets enabled us to secure favourable outcomes."
