EQT Real Estate announced that the EQT Exeter Europe Logistics Value Fund IV (“EQT Real Estate”) has completed EQT Park Prague North in Lužec nad Vltavou, on the D8 motorway. The 56,500 sqm park, which offers modern commercial space for logistics and light manufacturing, has received its occupancy permit and is now available for tenants.
The park consists of two halls of 44,900 sqm and 11,600 sqm, respectively. It offers a 12-meter clear height, a floor load capacity of 7 tonnes per square meter and flexible space that can be adapted to tenant requirements. It is currently undergoing BREEAM Excellent certification, an internationally recognised standard for sustainable buildings. The facilities were designed to be energy efficient and include a 320 kWp photovoltaic power plant, LED lighting and a building management system that monitors energy consumption. The site is also prepared for the installation of additional photovoltaic panels, electric vehicle chargers and heat pumps to support future tenant requirements.
EQT Park Prague North is EQT Real Estate’s third project in the Czech Republic, following previous acquisitions in Ostrava Mošnov and Nošovice, where EQT Real Estate owns and manages over 300,000 sqm of modern logistics space. The project was developed on a brownfield site together with 7R Czech Republic, which led permitting and construction, and continues to support leasing activities.
Marek Müller, Senior Director, Investment and Leasing, EQT Real Estate Czech Republic & Slovakia, said: “EQT Park Prague North marks an important milestone in our presence in the Czech Republic. Its location in the Prague metropolitan area, on the D8 motorway, gives tenants direct access to the capital, northern Bohemia and cross-border markets in Germany and Poland. The park can serve both single tenants and smaller multi-tenant users, and its location benefits from a strong local labour pool in the Mělník and Kralupy region. The completion of the park also reflects our long-term commitment to the Czech market, and we are well-positioned to continue investing in modern logistics assets across the Czech Republic and Slovakia. We remain actively focused on acquisition and development opportunities in strategic locations and see attractive long-term fundamentals in both markets.”
Jiří Duchoň, Managing Director of 7R Czech Republic & Slovakia, said: “The completion of the park in Lužec nad Vltavou is an important confirmation for us that even complex brownfield projects can be delivered in the Czech Republic quickly, to a high standard and in line with the most demanding requirements. In an area with a catchment of almost 3 million people, we have not only developed a new logistics park, but also made a significant contribution to improving the wider locality – in particular through the construction of a new high-capacity junction on the I/16 road and a safer connection to the municipality of Lužec nad Vltavou. We also placed strong emphasis on sustainability: the park is equipped with a 320 kWp photovoltaic power plant, a rainwater flushing system, and, as part of the compensation measures, native flora historically present in the area has been reintroduced. The project is currently undergoing BREEAM Excellent certification, and we continue to be involved as the partner responsible for leasing the park.”
