Logicor, an owner, manager and developer of logistics real estate in Europe, has acquired a c.100,000 sqm brownfield in the Czech Republic, further strengthening its presence in this key market and nearly doubling its footprint.
Located just half an hour’s drive from Prague, the site is two kilometres from the town of Turnov, in the municipality of Prisovice.
This strategic location is at the heart of a busy transport crossroad linking regional cities Mlada Boleslav, Liberec and Jicin, and providing direct access to highway D10, which links Prague and the national border with Germany and Poland.
Logicor is committed to working in close collaboration with the municipality and the local community for the redevelopment of the brownfield into a modern and ESG-compliant asset. This will see Logicor implement a range of sustainability measures as well as provide cycling paths and road improvements to benefit the local area.
Pavel Rufert, Director at Logicor Czech Republic, says: “As a long-term owner and developer, we are excited to have acquired this brilliantly located brownfield site. We look forward to regenerating the area by improving the landscape and fueling business activity in the local community.
“Due for completion in Q1 2024, the Logicor asset will enhance an already established industrial area by providing our customers with a modern, sustainable property. Occupiers will benefit from its location in this sought-after area along the D10 highway, with access to a busy transport junction and existing railway siding.”
Logicor has been operating logistics assets in the Czech Republic since 2017 and currently manages approximately 110,000 sqm in the country.