Saturday, 15 March 2025
P3 Logistic Parks, a European industrial real estate owner and developer, secured lease agreements for 230,006 sqm across its Czech properties in 2024. Over a third of the leased space went to major logistics firms such as DB Schenker, DHL, and ViT logistic, while manufacturing companies and e-commerce businesses also contributed significantly. The results highlight P3’s strategic focus on prime locations and long-term tenant partnerships.
The P3 Czech leasing team finalized 59 agreements last year, with most being renewals or expansions. “This demonstrates the strength of our strategic locations, where tenants are thriving and growing their operations with us,” said Jan Andrus, Head of Leasing and Business Development at P3 Logistic Parks.
Key successes included retaining major logistics clients like DB Schenker, DHL, and ViT logistic, which accounted for 36% of the newly leased space. Additionally, P3 reacquired a facility at P3 Prague D8, home to American VF Corporation, a global fashion and footwear brand. Other long-term tenants renewing their leases included machinery firms Tomax Manufacturing and Gühring, facade manufacturer Wieden, and PNS, all operating in P3 Prague Horní Počernice.
The expansion of bakery BreadWay showcased the flexibility of P3’s leasing strategy. With high occupancy in Prague’s parks, securing additional space required creative solutions. Flooring retailer Kratochvíl Profi Parket vacated part of a hall to accommodate BreadWay’s growth, while both companies collaborated on a new concept in another facility at P3 Prague Horní Počernice, aligning with evolving market trends.
New tenants represented 36% of the leased space, including e-commerce businesses like perfume retailer Brasty.cz in Olomouc and bed retailer Bezvapostele.cz in Ostrava. The latter set up its central warehouse for the Czech and Slovak markets in a BREEAM Excellent-certified facility, allowing for both distribution and in-person customer pickups.
Of the total leased area, nearly 90% was designated for production and warehousing, with the remaining space used for offices and other business operations. The strong leasing activity underscores P3’s role in supporting business growth in the Czech Republic’s industrial and logistics sector.
