P3 delivers state-of-the-art logistics center for Yusen Prague (CZ)

Global freight forwarding and logistics company Yusen Logistics cut the ribbon today to open a new 20,000 m² build-to-suit distribution facility developed by pan-European real estate asset manager and developer PointPark Properties (P3) at its Prague D1 logistics park. 

Michal Peter, Managing Director of Yusen Logistics (Czech) s.r.o. said: “This new facility is a key addition to Yusen Logistics’ global distribution network and will allow us to better serve our clients in Central and Eastern Europe. P3 worked closely with us on this project and, on a tight schedule, delivered first-class premises that are tailor-made to our needs.”

Yusen Logistics offers one-stop air and ocean freight-forwarding and contract logistics services from more than 400 locations in 37 countries around the world. The newly opened PointPark Prague D1 facility will significantly bolster the company’s capacity in the Czech Republic and the rest of Central Europe.

The 20,000 m² facility has been fully customized to meet Yusen Logistics’ requirements and includes a central warehouse, an automotive cross-dock with 30 loading bays and four drive-­‐in access ways as well as additional skylights and state-of-the-art intelligent lighting and office space of approx. 1,000 m². Construction of the building began in January and was completed in June, two weeks ahead of schedule, after which a specialized fit-out and testing period began.

Peter Bečár, Managing Director Czech Republic and Slovakia for P3 said: “Yusen Logistics joins the roster of leading logistics companies that have chosen PointPark Prague D1 as their key hub within the CEE region. The project came about thanks to the joint efforts of not just the P3 and Yusen Logistics’ teams, but also of P3’s long-term partners, Strabag on the construction side and Unicredit Bank for financing, who were involved from the planning stages. With this project, PointPark Prague D1 has moved closer to being fully developed.”

Vacancy rates at PointPark Prague D1, which is located near Strančice, approximately 15 minutes from Prague City center, on Exit 15 off D1 Highway (Prague – Brno – Bratislava), now stand at just 3%. However, P3 has obtained permission to develop another 20,000 m2 of space at the location.

Source: Bellier Financial

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