DTZ leases frozen warehouse accommodation in Uhříněves, Prague (CZ)

DTZ leased 5,000 m² of specialized industrial property in Prague 10 – Uhøínìves on behalf of the the international fund and asset manager Valad Property Group. The property is one asset contained within the Central European Industrial Fund ('CEIF'), a joint venture between Aviva Investors and Valad Property Group. The new tenant is a leading European carrier of frozen goods SALM CZ-La Bretagne s.r.o, who agreed a lease for a three year term creating 25 new jobs.

Following a recent letting of 8,000 m² to a distributor of Author bicycles in Lodìnice near Beroun, this is another succes of DTZ on the industrial / logistics market.

David Svoboda, Head of Property Management of DTZ Czech Republic, comments: "The case in Uhøínìves illustrates the increasing length of negotiation periods seen in the current market. The negotiation period for this letting was close to 18 months, a vast difference between the periods of 3 to 6 months seen pre credit crunch. In the meantime, working with Valad Property Group we are concentrating on leasing the final unit providing approximately 3,000 m² of ambient warehouse space."

Source: DTZ

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