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SEGRO EUROPEAN LOGISTICS PARTNERSHIP acquires logistics asset in Prague

SEGRO European Logistics Partnership (‘SELP’) has acquired, fully-let logistics asset in the Czech Republic from Standard Life Investments European Property Growth Fund for €13.1 million.

SEGRO holds a 50 per cent share of SELP and acts as asset, property and development manager for the joint venture.

The Czech Republic asset comprises two warehouses totalling 21,800 sq m, let to three tenants, all of whom use their premises for logistics purposes. It is adjacent to SEGRO’s existing assets and development project in Hostivice (a western suburb of Prague, adjacent to the international airport), ensuring that the local team is familiar with the asset and the occupiers. This acquisition will increase SELP’s holdings in the Czech Republic to almost 100,000 sq.

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