P3 signs first customer for its newest Czech logistics park
Specialist European logistics real estate investor-developer P3 has signed a deal with FM Logistic to be the first occupier at its new park in Lovosice, close to the borders with Germany and Poland in the north of the Czech Republic. The French logistics company is already a well-established P3 customer, with Built-to-Suit warehouses at P3 Prague D11 park and on two P3 parks in Poland completed earlier this year. It also occupies space on P3 parks in Romania.
FM Logistic is an important logistics partner for FMCG companies, not only in the Czech Republic, but also globally. CBRE has guaranteed a tender for a suitable location for this project as part of our long-term cooperation with FM Logistic, which has been the best P3 developer partner, offering a solution with excellent transport links both on the highway and the nearby railroad dock or port on the Labe.
In Lovosice, P3 will provide FM Logistic with 30,000 m² of Build-to-Suit space in the largest unit – the 90,000 m2 “Big Box” - on in the park. As a result, the company will occupy a total of almost 110,000 m2 of space in P3 warehouses across Europe.
P3 announced plans for the new logistics park on the outskirts of Lovosice in August this year (2017), and FM Logistic approached the developer shortly afterwards. FM Logistic will operate a multi-customer platform focused on e-commerce activities targeting the German market from its new space.
"P3 Lovosice park will be the sixth location in which FM Logistic relies on our services," confirmed Tomáš Míček, P3’s Country Head for the Czech Republic.
The construction of the FM Logistic warehouse at P3 Lovosice will begin at the end of the year (2017), with completion due for early summer 2018.
FM Logistic specialises in logistics services for retail chains and the manufacturers of foods, perfumes, cosmetics, and medical and pharmaceutical products. It operates in 12 countries on three continents and employs over 23,000 people worldwide. The company's clients include the likes of Unilever, Billa, L´Oréal, and Nestlé.
The tender for the Lovosice warehouse, under which FM Logistic selected P3 as its partner, was organised by CBRE.
P3 Lovosice park will comprise a total of nearly 130,000 m2 on the outskirts of Lovosice. It provides excellent access to Exits 45 and 48 on the recently completed Highway D8. It also benefits from proximity to a railway shipping terminal and a harbour on Labe River. The facility will create as many as 1,000 new jobs in an area of high unemployment.
CBRE Group, a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2016 revenue). The Company has approximately 75,000 employees and serves real estate investors and occupiers through approximately 450 offices worldwide (excluding affiliates). CBRE offers a broad range of integrated services including project management; property management; investment management; valuation; property leasing; strategic consulting and research and consulting. In the Czech Republic, CBRE has almost 350 employees and manages nearly 70 commercial premises with a total area nearly 1.2 mil. sq. m. Read more at www.cbre.cz.