The Charnwood Company purchased the 35,000 sqm storage/office facility in 2008, and implemented a comprehensive asset management program focused on enhancing the quality and image of the facility.
The project’s leasable area was further enlarged by the construction of two additional buildings - a new Class A 5,000 sqm storage building, as well as a 2,300 sqm “last-mile” flex building.
The property is ideally located in the Štěrboholy district of Prague 10 - on the eastern part of the City Inner Ring Road (Jižní spojka) which links the important D8, D10 and D11 highways together with the D1 highway to the south and benefits from excellent links to the motorway network.
Among the major tenants there are Zásilkovna, DPD, Celní deklarace Žáček, ViT Logistics, 100 Mega Distribution.
The asset management effort resulted in full occupancy, and a successful re-positioning of the project within the market.
At the end of 2021 the project was sold to U. S. based fund, Hine Global Income Trust (HGIT) (www.hinesglobalincometrust.com).
The Charnwood Company remains partially involved with management project’s capital improvements.