Logistics company JUSDA Europe, former Foxconn’s Global Logistics Solutions, leased 37,389 sqm of warehouse and office space in CTPark Pardubice II. In this project, JUSDA Europe was represented by JLL Industrial Agency.
“Securing the CTP Park in Pardubice allows JUSDA Europe to maintain and build on what are already very strong foundations. It provides us with the base enabling us to fulfil our next 5 year strategy to grow our Warehousing portfolio and capabilities not just in the Pardubice region but right across Europe. Going forwards we see this as a three way partnership (JUSDA, CTP & JLL) delivering solutions like this, leveraging the core competencies and expertise from all three companies to deliver a fair and balanced outcome allowing all stake holders to prosper,” said Graeme Strachan from JUSDA Europe.
“We are happy to see that JUSDA Europe is strengthening its position in the country and especially in the Pardubice region. Thanks to the flexibility on both sides of the transaction we could successfully close this deal which is one of the largest on the market for the last twelve months,” said Miroslav Kotek, Associate Director in JLL Industrial Agency, which represented the company during the negotiations.
JUSDA Europe is a strategic supply chain management partner for multinational corporations and medium-sized companies in the whole Eurasia. JUSDA has established 60 logistics centers around the world, covering 2,000,000 sqm of warehouse space. The company operates worldwide in the following industries: hi-tech electronics, home appliances, automotive, apparel, medical equipment, FMCG and others. The company has been operating under the name JUSDA since last March. The main purpose of changing the name is to identify the company with the global logistics company JUSDA International, which Global Logistics Solutions became part of at the end of 2016.
The industrial market in the Pardubice region is showing promising growth and currently offers 167,000 sqm of class-A industrial space for rent and further 12,000 sqm is currently under construction. In general, the interest in industrial real estate in the Czech Republic lasts, and the rate of construction activity remains high. This is proven by the fact that in three consecutive quarters, total volume of industrial space under construction has surpassed 500,000 sqm. At the end of Q4 2017 the total volume of industrial space under construction in the Czech Republic reached 527,400 sqm. During Q4 2017, gross take-up reached 359,500 sqm which is 12 percent above the Q3 2017 figure and 31 percent below Q4 2016. In Q4 2017, the countrywide vacancy rate stood at 4.1 percent which is one of the lowest figures in Czech history.
