IKEA extends lease at SEGRO Logistics Park Prague

IKEA extended their lease contract at SEGRO Logistics Park Prague in the vicinity of the Václav Havel Airport. It will continue leasing the warehouse space totalling almost 12,500 sqm in the building it uses as a goods pick-up warehouse for its customers. The lease transaction was assisted by Cushman & Wakefield.

Vít Zdráhal, Head of Landlord and Tenant Representation in the Industrial team, Cushman & Wakefield, commented: “Vacancy on the industrial property market now reaches one of its historic lows in the greater Prague area where there is an utter lack of premises to lease. SEGRO Logistics Park Prague is an ideal place within the broader Prague district, with great accessibility thanks to the nearby R6 highway exit.”

Michal Štěrba, Fulfilment Unit Operations Manager for IKEA in the Czech Republic, Hungary and Slovakia, added: “We have decided to prolong the agreement for three years, so there is a positive message towards our customers because they continue in picking their orders up in the same location. Moreover, we are also increasing the number of non-branded pick-up points in our regions. Our customers can arrange delivery and collecting their orders in Hradec Králové, Liberec, Zlín, České Budějovice, Plzeň, Olomouc. Recently we have launched new mobile dispensing points in the Moravian-Silesian Region, specifically in Karviná, Frýdek-Místek, Havířov and Třinec.”

David Plzak, Associate Director, Development, Czech Republic SEGRO, said: “We are delighted that IKEA decided to trust us again and appreciates the quality of our warehouse space and logistics park services. In the era of dynamic e-commerce growth and increased focus on positive customer experience, companies such as IKEA may have an increased demand for warehouse space to streamline their supply chain and efficient business operations. Additionally, a warehouse facility tailored precisely to the needs of an entrepreneur allows for optimization of work and operating costs.”