DHL takes option to lease 25, 000 m² in Eirkel Business Park in Jelgava, Latvia (LV)

DHL Exel Supply Chain, the leading company in contract logistics, has signed an agreement which secures an option to lease the whole first stage that has been commissioned January this year – 25,000 m ²of warehouse premises (19,000 m² as of Jan 2007 and 6,000 m² as of Jan 2009). The whole Business Park is going to be commissioned by the year 2009, with estimated rentable area of 80,000 m².

Mihails Morozovs, Managing Partner; Colliers International in the Baltic States, notes: "This is one of the biggest rental transactions in the Baltic States region for the last couple of years. This agreement shows that interest about Baltic States and Latvia in particular as regional supporting point for international companies from "future perspectives" has turned into real activities, placing Latvia in European map of logistics firmly. We see it as a clear tendency both in office and industrial segment."

Eirkel Business Park located in Latvia at the heart of the Baltic States provides customers with tailored solutions for logistics warehousing, light manufacturing and office space. Situated within a secure park like setting, Eirkel Business Park offers competitive rental prices and tailors terms according to the investments required for each particular business premises. Depending on the requirements, Eirkel provides space as a shell and core ready for fit out up to full turn key solutions.

The future vision of the park is for incremental growth matching the needs and demands of our current and future clients. The existing park's territory covers 49 hectares providing scope for a potential of up to 150,000m2 additional development area established in a park like setting.

Source: Colliers International

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