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SEGRO's portfolio in the Czech Republic is growing

SEGRO has completed acquisition of a 11,800 sq m warehouse facility from Damco Czech Republic, part of the Maersk Group, for € 8.4 million. The property is located adjacent to SEGRO Logistics Park Prague.

The transaction is another acquisition completed over the last year, which enlarges the area of SEGRO Logistics Park Prague. In the second half of 2014, SEGRO acting on behalf of SEGRO European Logistics Partnership, acquired two warehouse facilities comprising 21,800 sq m. As a result, the portfolio managed by SEGRO in the Czech Republic amounts nearly to 120,000 sq m.

SEGRO Logistics Park Prague is located next to the R6 motorway, near the city’s ring road, which provides a convenient connection to the D5 road (Prague-Plzen) and D1 road (Prague-Ostrava). The investment is 12 km away from the city centre and close to Prague’s international airport. Currently all warehouses within the complex are fully leased, the park’s development potential allows for construction of further 150,000 sq m of modern warehouse space. 

SEGRO was represented by the JLL in this transaction.

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