EGLS plans logistics development in Velke Albrechtice (CZ)

EGLS plans logistics development in Velke Albrechtice (CZ)

European Green Logistics Space (EGLS) is planning a development of up to 74,000m2 near Ostrava in the north east of Czech Republic.

 

The logistics development will be built in Velke Albrechtice on a prime 14-ha brownfield site, which has a valid planning permit. EGLS is seeking a company to pre-lease or pre-purchase the facility, which could provide up to 69,000m2 of highly sustainable warehouse space and 4,600m2 of office space on the second floor. Construction of the facility would take 12-15 months.

 

The site is strategically located close to the borders with Poland and Slovakia with excellent access to the D1 highway and to key international transportation networks.

 

The Ostrava development is the first to be secured by EGLS since it announced last month its launch with the backing of Kamco Invest, one of the largest asset managers in the Middle East and North Africa (MENA) region. Kamco Invest has acquired a significant stake in EGLS in line with its expansion strategy.

 

Dominika Surovcova, Managing Director of Czechia and Slovakia at EGLS, said: “This prime site in Ostrava is an exciting first development opportunity for EGLS. We are transforming a former brownfield site into a highly sustainable logistics facility, revitalising the land while minimising environmental impact. Strategically located at the borders of Poland and Slovakia, the project addresses the demand for large industrial units in the region and contributes to the local economy. By creating new job opportunities and supporting nearby communities, we are committed to responsible development that benefits both businesses and residents in the region.Occupier demand for industrial space in Czechia is increasing every year due to its strategic location in Central Europe, industrial growth, infrastructure and skilled workforce.

 

EGLS will deliver modern, sustainable big box and urban logistics facilities through a two-pronged strategy. It will acquire existing assets which can be improved, retrofitted and turned into modern, sustainable facilities and it will also carry out ground-up developments. For all its projects, it will aim to work with investors and occupiers to meet the highest standards of sustainability.

 

EGLS will work with Kamco Invest, along with a small number of other large investors, with different investment strategies, on a separate account basis. It has already lined up a strong pipeline of sites and standing assets to be acquired.

 

Geographically, EGLS will invest in the UK, France, Germany, Austria, Czechia, Slovakia, Poland, Spain, the Netherlands and Italy.

 

Image source - EGLS.

 

Europe Real Estate — an overview of real estate developments in European countries.

 

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