In November 2008 The Charnwood Company purchased a 33,000 sqm warehouse facility in Prague.
The facility was purchased from OSPAP, the largest distributor of paper products in the Czech Republic, and the daughter company of the global paper manufacturer and distributor Paperlinx, based in Melbourne, Australia. OSPAP has signed a long term leased to occupy the entire facility.
The property, is located in the Štěrboholy district of Prague 10 and benefits from excellent links to the motorway network. The site is on the eastern part of the City Inner Ring Road (Jižní Spojka) which links the important D8, D11 and R10 motorways, together with the D1 motorway to the south.
The property was constructed during the late 1980’s and has been well maintained by Ospap over the years. Charnwood’s future plan is, together with Ospap, to continue to enhance the quality and image of the facility through further investment.
The sale lease-back transaction was financed by Charnwood through UniCredit Leasing.