24 September 2016

FM Logistic is one of the leading providers of contractual logistics with international operations. Its clients are retail chains, producers of food products, household care products, cosmetics, medicines and many other products, not only from the area of FMCG. It will be leasing 15,000 m2 in the newly-built building in the P3 Prague D11 park. “With this expansion FM
Logistic will be almost tripling its spaces in the P3 portfolio in the Czech Republic. The company is not only our client here, but also in Romania and Poland. The P3 Prague D11 park will be the sixth location within these three countries where FM Logistic will be using our services,” emphasised Peter Bečár, P3 Director for the CEE Region. The leasable space in the park will ultimately amount to more than 155,000 m2, with roughly one-third being completed by the end of this year.

P3 Prague D11

The fast-growing P3 Prague D11 park complements the existing portfolio of strategically-located P3 complexes in the vicinity of the capital city, which include P3 Prague D8, P3 Prague D1 and
P3 Prague Horní Počernice. One of this year’s largest transactions took place at the latter park at the end of the summer when MD logistika agreed on a lease extension with P3. It is the largest tenant in P3 Prague Horní Počernice, where it has been located since 2009. It uses 38,500 m2 of warehouse space and almost 1,200 m2 of offi ces. According to the association of consulting companies, Industrial Research Forum, this transaction represents the largest renegotiation of a lease to be concluded so far this year on the industrial property market. The
Czech company MD logistika is involved in storage and distribution logistics, especially for goods requiring special care, such as frozen and chilled foods and FMCG.

“P3 Prague Horní Počernice is the fl agship of our European-wide portfolio. Several companies have expressed interest in spaces, including those from the constantly-developing area of e-commerce or logistics providers with country-wide and cross-border operations,” stated Tomáš Míček, P3’s Director for the Czech Republic. The current leasable space amounts to more than 350,000 m2 and the park is currently 95% occupied. In addition to the available space in the existing 31 buildings, there are another three halls under construction with a leasable
space of almost 28,000 m2, two of which are currently being off ered. Another 45,000 m2 is available in P3 Prague Horní Počernice for new Build-to-Suit (BTS) projects.

From this August P3 also has an important client in Slovakia in P3 Park Bratislava. The French company Faurecia will be producing seats for Volkswagen’s sport utility vehicles in the newly-
completed hall and from January it will be launching production for the Audi Q7. Faurecia has leased approximately 27,000 m2.

According to information from the market, the Prague-based company P3 is currently up for sale. Its owners, TPG Real Estate and Ivanhoé Cambridge, are purportedly looking for a buyer from the ranks of institutional investors and sovereign funds, while they are primarily targeting investors from Asia. The shortlist of possible buyers, on the other hand, should not include the current top players in the sector of industrial property, such as Blackstone’s Logicor, Brookfi eld’s IDI Gazeley, SEGRO or Prologis. P3 owns a total of 163 buildings with a total area of more than 3.3 million m2 in nine European countries. It has land with an area of more than 1.4 million m2 that is meant for further development and construction.

Zdroj: BUILDING WORLD magazine, vydání září 2016

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