CBRE Global Investors, acting on behalf of some of its clients, has acquired Ostrava Logistics Park in the Czech Republic.
'This is the first entry for these clients into the Czech Republic logistics market and it is a strategic addition to the existing portfolio acquired in Poland,' said Grzegorz Ryszka, head of CEE transactions at CBRE Global Investors. 'There is strong occupier demand for high-quality logistics and we feel with secure income and rental growth potential, this is a solid acquisition.'
The vendor was logistics specialist Prologis. The investment volume was not disclosed.
The 65,900 m2 Class-A logistics and light manufacturing property comprises two buildings and is located in the Silesia region in Eastern Czech Republic. The space is fully occupied at present by five tenants.
The asset is located on the northern European transportation corridors (Ten-T Baltic-Adriatic and Rhine-Danube) and in the middle of the CEE's production hub, CBRE Global Investors said.
