UPS HQ near Prague changes owners

01
Dec
2022
News - UPS HQ near Prague changes owners #Czech Republic #invest #investment #logistics #Prague #transaction

by Property Forum | Investment

British investment company Verdion has sold the building that houses the headquarters of US courier company UPS for Eastern Europe. The 13,600 sqm building has been bought by Safichem Invest, which is backed by Czech owners. Neither party has disclosed the purchase price. The transaction was reported by HN.cz


One of the main centres of the American courier company UPS in Europe has changed owners. The previous one, British investment company Verdion, sold the building near Prague airport to Safichem Invest. The company is in charge of real estate investments for the Swiss-based Safichem Group. However, the group is backed by Czechs, namely businessman Tomáš Plachý and his son. Neither party has announced the purchase price.

The 13,600 sqm building was built directly for UPS. The American giant has signed a 15-year lease in it from 2019. In addition to the logistics centre, UPS has also set up its Eastern European headquarters there. Verdion has placed the property in a fund focused on European logistics real estate.

Safichem is expanding its property portfolio with the purchase. For example, it owns the Art Nouveau palace Koruna on Wenceslas Square or the Futurama office complex in Karlin. As a developer, the company has built industrial complexes in Vestec, Telč and Roztoky u Prahy. In addition to real estate, the company operates in the chemical, petrochemical, water, engineering and pharmaceutical industries. It controls, for example, Chemoprojekt, Technoexport or Pacovské strojírny. The investment part of the group ended last year with a profit of CZK 18 million (€738,000), but Safichem's sales are in the billions of crowns.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • 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.

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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