Logistics real estate firm Logicor doubles presence in Czech Republic with brownfield acquisition

Logistics real estate firm Logicor doubles presence in Czech Republic with brownfield acquisition

(IN BRIEF) Logicor, a leading owner, manager, and developer of logistics real estate in Europe, has acquired a brownfield in the Czech Republic, which is approximately 100,000 sqm in size, doubling its footprint and expanding its presence in the market. The brownfield is located in Prisovice, two kilometers from Turnov, and is at the center of a busy transport crossroad that provides access to regional cities and highways. Logicor plans to work closely with the municipality and the local community to redevelop the brownfield into a modern, sustainable asset with cycling paths and road improvements. The company has been operating logistics assets in the Czech Republic since 2017, currently managing around 110,000 square meters.

(PRESS RELEASE) LONDON, 17-Apr-2023 — /EuropaWire/ — Logicor, a leading European owner, manager and developer of logistics real estate, announces that it has acquired a brownfield in Czech Republic, nearly doubling its footprint and strengthening its presence in this key market. The site, located just half an hour’s drive from Prague, measures approximately 100,000 sqm and is situated two kilometres from the town of Turnov, in the municipality of Prisovice.

The strategic location of the brownfield is at the center of a busy transport crossroad that links regional cities such as Mlada Boleslav, Liberec, and Jicin, providing direct access to highway D10 that connects Prague and the national border with Germany and Poland.

As part of its commitment to sustainable development, Logicor will work closely with the municipality and the local community to redevelop the brownfield into a modern and ESG-compliant asset. This will include implementing various sustainability measures and providing cycling paths and road improvements that will benefit the local area.

Logicor has been operating logistics assets in the Czech Republic since 2017 and currently manages approximately 110,000 square meters in the country.

Pavel Rufert, Director at Logicor Czech Republic, says:

“As a long-term owner and developer, we are excited to have acquired this brilliantly located brownfield site. We look forward to regenerating the area by improving the landscape and fueling business activity in the local community.

“Due for completion in Q1 2024, the Logicor asset will enhance an already established industrial area by providing our customers with a modern, sustainable property. Occupiers will benefit from its location in this sought-after area along the D10 highway, with access to a busy transport junction and existing railway siding.”

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For more information:

Aleksandra Dojnia, Logicor
+48 881 960 555
dojnia@logicor.eu

SOURCE: Logicor