P3 leased over 230,000 square meters in the Czech Republic last year, a third of which to large logistics players

The leasing department of the Czech P3 concluded a total of 59 lease agreements last year. “Most of them were extensions of existing ones or expansions with additional areas,” comments Jan Andrus, head of leasing and business development at P3 Logistic Parks.

A key success of P3 last year was maintaining cooperation with large logistics companies such as DB Schenker, DHL, Vit logistics, and Emons, which uses P3 halls in Prague and Pilsen. The spaces leased by these companies account for more than a third (36%) of the leases contracted last year.

Last year, thanks to the acquisition, the hall at P3 Prague D8, where the American VF Corporation, representing modern clothing and footwear brands, has been operating for a long time, returned to the P3 portfolio. Other long-standing tenants who decided to continue operating in P3 parks last year include engineering companies Tomax Manufacturing and Gühring, glass facade manufacturer Wieden, as well as PNS and Barvy a laky, which rent over 10,000 m2 in P3 Prague Horní Počernice. Solidarity among tenants

The story of the BreadWay bakery, which is one of the expanding ones, is also worth mentioning. The occupancy rate of Prague parks is at its peak, and finding space for expansion is not at all easy; in practice, this means taking up space at the expense of someone else. “Neighborly solidarity worked here. The flooring retailer Kratochvíl Profi Parket freed up the remaining part of the hall for the bakery, which expanded by a quarter, and at the same time, we jointly devised a new concept in another hall in P3 Prague Horní Počernice that is better adapted to current trends. Both tenants took advantage of the opportunity for change to the maximum,” describes Jan Andrus.

New companies also joined the tenant family in Czech P3 parks last year, accounting for 36% of the leases concluded last year. These include, for example, the e-shop with perfumes Brasty.cz in Olomouc, or the seller of beds and other accessories Bezvapostele.cz in Ostrava. In a smaller separate hall, which received BREEAM Excellent certification last year, the online store operates a central sales warehouse for the Czech Republic and Slovakia, which means that it not only distributes goods from here, but customers can also come here to pick them up themselves.

Of the total area of ​​230,006 m2, almost 90% was made up of production and storage spaces, but the P3 parks also include offices and other rentable areas.