The beginning of this year has seen a revival in investments in modern storage and production facilities. Czech developer UDI Group is finalizing the sale of a logistics complex located on the D1 highway near the village of Ostředek in Central Bohemia. According UDI's Group representative, the interest has been substantial, and the sale to a selected potential buyer could be completed within weeks.

The Sázava Logistics Park consists of four halls offering more than 470 000 square feet of storage space and more than 23 000 square feet of office space. All spaces are leased, with two tenants having five-year leases and the other two having ten-year leases, all with extension options.

Initially built with the intention of selling once completed and leased, the sale was delayed due to the ongoing war in Ukraine and the related energy crisis, which made foreign investors cautious. The estimated sale price is around 60 million euros (1.5 billion CZK), with British real estate investor Segro expected to be the buyer. Segro specializes in industrial properties and aims to achieve zero carbon emissions by 2030, making the energy-efficient Sázava Logistics Park a fitting addition to its portfolio.

The Czech commercial real estate market has been dominated by domestic capital for several years, but strong foreign investors are gradually returning, with higher demands for property size and quality. One of the largest recent investments in industrial real estate was made by American investor Blackstone, who purchased ten logistics parks in the Czech Republic and Slovakia for 470 million euros. The sale of the Ostředek complex is considered the largest investment in a standalone industrial complex in the past year.

Source: hn.cz 

Author: CzechTrade and CzechInvest Ofiice in New York