P3 Logistic Parks has acquired a standalone building next to P3 Prague D8 park in the Czech capital city.
This strategic acquisition of the 30,500 sqm asset benefits P3 customer, VF Corporation, by consolidating and enhancing its operational efficiency under a single administrator and landlord.
P3 Prague D8 is located on the northern edge of Prague near the D8 motorway to Zdiby and Klecany. The industrial park, which began construction two decades ago, today boasts seven buildings totalling 176,840 m² of leasable space, including the newly acquired hall.
The park’s diverse tenant roster includes leading companies such as VF Corporation, Pricol Wiping Systems Czech, DHL Express, Blažek, Puma, and Alza. VF Corporation, an American apparel and footwear company, is the key tenant of the newly acquired building, and also occupies space in another building in the P3 Prague D8 complex. In addition to storage space, VF Corporation also rents 2,700 sqm of office space.
Peter Jánoši, Director of P3 Logistic Parks, Czech Republic and Slovakia, said: “Our acquisition strategy considers various options, whether it includes areas for development, redevelopment, or acquisition of single assets or portfolios. In the case of P3 Prague D8, it is essentially about consolidation of an area that is widely viewed as a single unit.”
