PointPark Properties extends lease with DHL
PointPark Properties (P3) has closed a significant transaction on the German logistics real estate market. DHL, one of the world’s largest logistics services providers, has signed a five-year lease extension for 32,863 sqm at P3’s asset located in Mörfelden.P3 successfully completed Build-To-Own project for Audia Plastics
PointPark Properties (P3) has announced the successful completion of a Build-To-Own project for Audia Plastics and its affiliates Washington Penn Plastic and Uniform Color Company. This warehouse and production facility is situated in Trnava-Voderady, Slovakia and comprises 17,200 sqm of warehousing space, including 1,500 sqm of offices. P3 provided management services for the acquisition, development, construction and fit-out of this 11 million euro investment. The project commenced in September 2010, followed by the site-acquisition, project design and implementation and then completion with receipt of the final occupancy permit in December 2011. The official handover took place on February 8, 2012. The facility will be a significant employer in the region once full operation is reached.Further expansion at PointPark Prague D8
PRAGUE, CZECH REPUBLIC | TWO NEW TENANTS IN POINTPARK PRAGUE D8
PointPark Prague D8 welcomed two new tenants. Noark Electric Europe is engaged in the development, production and distribution of electro technical equipment and components. TOPSTEEL is the distributor of stainless-steel metallurgical supplies. Both new tenants now occupy space within building DC03.
Noark Electric Europe has leased 878 sqm of warehouse space and 95 sqm of office space. “We searched for a modern European distribution centre in Prague that would help us to ensure prompt and reliable delivery of all our products to our customers throughout Europe. PointPark Prague D8 best met our demanding requirements,” says Michael Reiner, Executive Director of Noark Electric Europe.
TOPSTEEL became the fourth tenant in building DC03 and signed a contract with P3 for 1,747 sqm of warehouse and 358 sqm of office space. “The space at PointPark Prague D8 allows us to bring our warehouse stock closer to our customers in Central and Western Bohemia,” says Michael Carvan, Executive Director of TOPSTEEL.
“We’re happy that the warehouse space at PointPark Prague D8 meets our customers’ demanding requirements in terms of size, required area and range of services provided within the tenant’s regional operations,” says Peter Bečár, P3 Managing Director Czech Republic and Slovakia. “We appreciate the fact that Noark Electric Europe uses our warehouse as the platform for entering the European market. We believe that this choice will enhance their future growth and expansion.”
“Likewise, we are pleased with the TOPSTEEL’s decision,” said Daniel Kubizňák, P3 Leasing Manager. „During our cooperation with the client, we have established a very good relationship and we know that this location is the right facility for their further development.”
PointPark Prague D8 has currently 7,500 sqm available and there is also a possibility to build three new buildings totalling 62,350 sqm, which are being offered for Build-To-Suit projects.