May 01, 2015

Segro Logistics Park Prague fully leased

Segro Logistics Park Prague fully leased

Logistics operator Damco has leased 2,800 sqm of space in SEGRO Logistics Park Prague in Hostivice. The transaction was facilitated by JLL.

One of the world's leading providers of freight forwarding and supply chain management services, Damco, part of the A.P. Moller-Maersk Group, has leased the last existing space in the logistics park about 12 km from the centre of Prague. Currently, Segro Logistics Park Prague offers over 100,000 sqm of industrial space for rent which is standing and fully leased.

The park’s potential is over 250,000 sqm of modern logistic and industrial space that will be provided on 70 ha of land. The park benefits from strategic location adjacent to the R6 motorway and the Prague airport. Among its tenants are companies such as Kuehne + Nagel, Ikea and PRO.MED.CS Praha.

David Plzák, Development Manager SEGRO, commented: “It was very important for us to have Damco, one of the biggest logistics worldwide operators, as a tenant in our park. This transaction has helped us to keep the plan to lease out all vacant units in our park and allows us to start a new development of further buildings.”

Miroslav Kotek, Senior Consultant, Industrial Department, JLL, comments the transaction: “Thanks to the professionalism and the flexibility of both the tenant and the landlord, we have managed to finalize the negotiations in a very short time. Apart from price and high standard of the premises, the main criterion for Damco was also the location, as the company has been operating in this area for more than 12 years.”

Prague is one of the key locations for SEGRO in the CEE region, where the company portfolio comprises already 1,147,700 sqm. Magdalena Szulc, SEGRO’s Business Unit Director Central Europe commented on the importance of the market: “The Czech market is a strong runner-up. In 2014 around 75 percent of deals were transacted in Poland and the Czech Republic. The market is also receiving growing attention of international investors – in QI 2015 €731 million were transacted in the Czech Republic compared to €458 million transacted in Poland.

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