Kuhne & Nagel has recently extended and expanded its leased space for a total of approximately 17,500 sq m at SEGRO Logistics Park Prague. Translogi has almost doubled its leased area to 6,000 sq m. Cushman & Wakefield executed the transactions on behalf of SEGRO, Europe's leading owner-manager and developer of industrial property.
As a result of the investment’s development and commercial success, SEGRO has decided to undertake infrastructure work for the next phase of development at the park which will include developing an access road and undertaking various other improvements to the site.
“We have currently started work on the construction of the infrastructure for a new phase of the park. This work should be completed in the third quarter of 2013 and when this work is completed it will make the site attractive for pre-let opportunities, where there is the potential to develop 27,000 sq m as the first phase of the future development,” says David Plzák, development manager at SEGRO.
The new infrastructure will include a new exit from the R6 expressway leading to Karlovy Vary. As a result, the park will feature an excellent connection to two motorway and highway networks – in addition to an existing exit to the R1 Prague Ring Road, it will gain a connection to Exit 1 from the R6 expressway.
“SEGRO Logistics Park Prague is one of the most successful and busiest logistics hubs in the Czech Republic. In addition to an excellent connection to the motorway network, it is close to Prague airport and offers the possibility of future expansion. It has been the location of choice primarily for companies that prefer combining their headquarters and sales office with a storage facility. Another major group is companies that focus on suburban logistics,” says Jaroslav Kaizr, Head of the Industrial Letting Team at Cushman & Wakefield.