P3 completes two buildings at P3 Prague D11

27
Feb
2017
News - P3 completes two buildings at P3 Prague D11 #Czech Republic #development #industrial #logistics #P3 #Prague

by Ákos Budai | Industrial

P3 has completed the first two warehouses at P3 Prague D11, developed partly on a Build-to-Suit basis for Exiteria and FM Logistic, comprising a total of 60,000 sqm. The warehouses are among the largest buildings planned for the park and account for over a third of its total size.  The rest of the site can accommodate eight further warehouses ranging from 3,000 sqm to 26,000 sqm. After completion, P3 Prague D11 will provide a total of 155,000 sqm.


P3 Prague D11 park is located east of the capital, near Highway D11, eight kilometres from the Černý Most shopping district. It is suitable for both distribution and light manufacturing. 
 
The first warehouse at P3 Prague D11 was developed in the first half of 2016 on a Build-to-Suit basis for Exiteria, which runs e-shops with furniture. It occupies 10,000 sqm of the 20,000 sqm building. The rest of the warehouse P3 leased to Penny Market.
 
Photo: p3parks.com

The other warehouse was completed at the beginning of this year. It is occupied by three businesses. The largest is FM Logistic, a logistics services company that uses 17,000 sqm to store goods for the Nestlé Corporation. The warehouse features an air-conditioned area where the temperature is maintained at a constant 16 °C for this storage. Summer cooling and winter heating costs are reduced thanks to extra-thick façade panels and insulated bridges. LED lighting has been installed throughout the building. It also has a roof clearance of 12 m, above the industry standard, allowing increased storage capacity.

The warehouse also includes 5,000 sqm occupied by the LIDL retail chain and 4,700 sqm used by Ekol Logistics, a Turkish company that entered the Czech market in April 2016 and has its registered office at P3 Prague D11.  An additional 13,000 sqm is available for lease.



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New leases

  • E-commerce player 4M Pro&Invest has leased nearly 4,100 sqm of warehouse space in Panattoni Park Poznań XIV. This agreement marks the completion of the leasing of the two completed phases of the development.
  • Panattoni has commenced construction on the latest phase of Panattoni Park Gorzów II, developing a bespoke BTS warehouse for DPD Polska. The facility will encompass 5,300 sqm tailored to the courier company’s operational requirements. DPD Polska is scheduled to begin operations at the new site in August 2026.
  • Romanian strategic advisory firm Infinexa Restructuring has relocated its HQ to GTC’s City Gate South Tower in Bucharest. The move supports their integrated approach to delivering complex debt restructuring, insolvency mandates, and preventive procedures for distressed companies.

New appointments

  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.


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