The Czech pet food manufacturer, Brit-Vafo, is setting up a central warehouse for the Czech Republic. It has leased warehouse premises in the logistics Business Park Rudná including some offices spanning 12 thousand sq m. Operations on the 8 thousand sq m area are scheduled to begin this June. These premises will be expanded by a further 4 thousand sq m in the future. The Industrial Letting Team of Cushman & Wakefield acted on behalf of the tenant in the leasing process.
“It is a huge transaction which will have a considerable impact on vacancy in the Prague-West region. This market segment has been healthy for a long time already with supply corresponding to demand. The share of available stock has been fluctuating over the ten percent mark for a considerable amount of time, and is now falling below this value. It can serve as motivation for developers to supply a new project,” claims Laurent Jechoux from the Industrial Letting Team at Cushman & Wakefield.
The premises in Rudná will serve as the central warehouse for three Brit-Vafo manufacturing plants in the Czech Republic. “The unit has been empty for a while now. We managed to negotiate a lease price acceptable for both parties,” Laurent Jechoux reveals.
The manufacturer will use the warehouse to supply goods for the entire Czech Republic as well as neighbouring countries. “Our business activities are developing nicely plus we can see potential for further growth. For this reason we decided to merge the current warehouse premises into one modern hall, thus bringing our logistics operations closer to European standards,” Brit-Vafo CEO Pavel Bouška says.
The owner of the Business Park Rudná logistics complex is its developer, Heitman. The park’s current overall area amounts to 170 000 sq m. The lease of the Brit-Vafo hall ranks as the largest transaction within the park this year.