November 09, 2017

JLL advises Stage Capital on the biggest logistics transaction of 2017 in the Czech Republic

JLL advises Stage Capital on the biggest logistics transaction of 2017 in the Czech Republic

The JLL Capital Markets team has advised Stage Capital on the sale of their logistics portfolio located in Plzen region, Czech Republic, totalling approximately 150,000 sqm. The assets were acquired by CBRE Global Investors.

The portfolio comprises two income producing logistics parks with further development potential. At the moment the parks are 100 percent leased to large, multi-national, blue-chip tenants such Assa Abloy, Lear Corporation, Trost, Faurecia and Sony. The location of parks is in one of the CEE´s most dynamic and sought after regional markets in Plzen.

“It has been our pleasure to represent Stage Capital during the disposal process of their last remaining asset in the Czech Republic. We are proud to have led this process on their behalf providing our advisory expertise to secure a smooth transactional exit. This sale has proved the attractiveness of the Czech logistics investment market and confirmed the strategic position of the Czech Republic within the CEE region,” said Jiří Horák, Senior Investment Analyst from JLL Capital Markets department.

The portfolio offers critical mass within the Czech logistics sector with attractive income profile, weighted average lease terms and immediate expansion potential via development. Both parks also benefit from immediate access to major motorway junctions and location close German border and Plzen, fourth largest city in the Czech Republic. The Plzen region is considered as the second most attractive logistics investment region in the Czech Republic.

“We are very pleased to be involved in the largest logistics investment transaction in the Czech Republic in 2017 representing Stage Capital. Cooperation with our Pan-European team facilitated the transaction between Stage Capital and CBRE Global Investors. The transaction reinforces the strength of international capital within logistics sector across CEE,” said Mike Atwell, Regional Director from JLL CEE Capital Markets department.

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