Kamco Invest-backed European Green Logistics Space (EGLS) is planning a development of up to 74,000sqm in the Czech Republic.
EGLS, the newly launched investment and development company, will develop the logistics asset on a 14-hectare brownfield site in Velke Albrechtice, near Ostrava. The site has planning permission, and construction is expected to take 12-15 months.
This is EGLS’s first project since its launch last month.
Dominika Surovcová, MD of the Czech Republic 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.”
Surovcová added that occupier demand for industrial space in the Czech Republic is “increasing every year due to its strategic location in Central Europe, industrial growth, infrastructure and skilled workforce”.
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