CTP signs lease agreement with Makro Czech for 53,000 sqm at CTPark Prague North – EuropaProperty

The leading developer on the Czech market, CTP Invest, has signed a lease agreement with MAKRO Cash & Carry, for about 53,000 sqm of warehouse and office space at the strategically located CTPark Prague North, just on the D8 motorway. The transaction ranks among the biggest deals recently concluded on the Czech industrial market. Total investment by CTP is planned to reach around €35 million.

The wholesale chain operator MAKRO, plans to open its new semi-automated distribution centre in Q1 2018. The distribution centre will be used for supplying MAKRO stores and its delivery customers.

“The transaction has been CTP’s largest deal in Prague so far and we are extremely pleased to welcome MAKRO in the family of our tenants. We hope that MAKRO will be satisfied with the high level of long term service we bring. For example, CTP has agreed to set up shuttle busses to and from neighbouring cities (e.g. Praha – Letňany, Kladno, Roztoky, and Litoměřice)—as a supplement to the public transport system—helping to make this an employee friendly location,” said Remon Vos, CTP CEO.

Guillaume Chêne, CEO MAKRO ČR / METRO SR, said: “Our delivery business in the Czech Republic is significantly growing and we have decided to bring it to another level by a new, semi-automated distribution centre supplying both delivery customers and our stores. We will use available modern technologies to streamline our distribution channels and introduce brand new services, helping us to serve our stores and delivery customers better. We also expect to reach a level of flexibility which helps us to address growing expectations of our customers.”

The 22.4 ha CTPark Prague North provides over 80,000 sqm of built up property, within 30 minutes of Prague and Prague’s Vaclav Havel international Airport.