Real estate investor and manager Cromwell Property Group has sold off the Pohořelice Industrial Park in the Czech Republic. The asset, located in the south of the Czech Republic, was part of the Cromwell European Industrial Fund (CEIF) portfolio. It comprised 44,444 sqm of space, including a dross dock building, a workshop and an assembly unit. The current occupier is DHL. “Pohořelice Industrial Park is a good example of an asset where we have added significant value by working very closely with the tenant, securing a long – term lease renewal, shortly prior the closing,” said Karol Pilniewicz, head of CEE at Cromwell Property Group. Cromwell manages €981 million of assets across six mandates in the office, retail, industrial and logistics sectors across CEE. It also recently entered into a strategic partnership with Linkcity, a member of Bouygues Construction, to invest in the rollout of a portfolio of logistics and light industrial assets in Central and Eastern Europe with a target gross asset valuation of €500 million. In October last year, they the first building at their project LiNK Hradec Králové last October.
