EQT Real Estate announced a significant milestone at EQT Park Prague North, a development delivered by 7R Czech and located on the D8 motorway: the park’s larger hall, spanning 44,500 sqm, has been fully leased to logistics company Ecologistics. The transaction represents one of the most significant logistics leases signed in the Greater Prague region in recent months.
Ecologistics will use the hall to provide logistics and fulfilment services on behalf of its clients.
Marek Müller, Senior Director, Investment and Leasing, EQT Real Estate Czech Republic & Slovakia, said: “We are delighted to announce this fantastic news: the leasing of the entire larger hall at EQT Park Prague North to Ecologistics – the largest available high-quality space in this key area of the Prague metropolitan region. Several factors were decisive for this transaction: first, the park’s prime location within the Prague metropolitan area; second, the fact that the park is fully completed, with warehouse space immediately available; and finally, the speed of execution – we were able to conclude this transaction in record time, right after completion, thanks to the professional approach of both our team and the client, as well as the strong support of our partners. This fast first transaction right after the building’s completion proves the quality of the location, as well as our decision to build this project fully on a speculative basis.”
Xinda Wang, General Manager of the Czech operations, Ecologistics, comments: “The lease of our new facility at EQT Park Prague North represents an important step in the continued development of Ecologistics’ operations in the Czech Republic. The new warehouse will strengthen our capacity to support both local and cross-border e-commerce and provide flexible, efficient fulfilment solutions for our clients. The location, available capacity and quality of the facility were important factors in our decision. We look forward to launching operations at the site and further developing our logistics capabilities in the Czech Republic and across Europe.”
Jiří Duchoň, Managing Director of 7R Czech Republic, said: “The signing of the park’s first major tenant is an important milestone and a strong confirmation of the potential we identified in this location from the outset. Having led the project from acquisition through permitting and construction, we are pleased to see the quality of the development recognised by a major international logistics operator.”
