One of the world's leading providers of freight forwarding and supply chain management services, Damco, part of the A.P. Moller-Maersk Group, has leased the last existing space in the logistics park near the R6 expressway about 12 km from the Centre of Prague. Currently, SEGRO Logistics Park Prague offers over 100 000 sq m of industrial space for rent which is standing and fully leased. The park's potential is over 250 000 sq m of modern logistic and industrial space that will be provided on 70 ha of land. The park benefits from strategic location adjacent to the R6 motorway and the Prague airport. Among its tenants are companies such as Kuehne + Nagel, Ikea and PRO.MED.CS Praha.

David Plzák, Development Manager SEGRO, says: "It was very important for us to have Damco, one of the biggest logistics worldwide operators, as a tenant in our park. This transaction has helped us to keep the plan to lease out all vacant units in our park and allows us to start a new development of further buildings."

Miroslav Kotek, Senior Consultant, Industrial Department, JLL, comments the transaction: "Thanks to the professionalism and the flexibility of both the tenant and the landlord, we have managed to finalize the negotiations in a very short time. Apart from price and high standard of the premises, the main criterion for Damco was also the location, as the company has been operating in this area for more than 12 years."

Prague is one of the key locations for SEGRO in the CEE region, where the company portfolio comprises already 1 147 700 sq m. Magdalena Szulc, SEGRO's Business Unit Director Central Europe comments on the importance of the market: "The Czech market is a strong runner-up. In 2014 approx. 75% of deals were transacted in Poland and the Czech Republic. The market is also receiving growing attention of international investors - in QI 2015 731 mln EUR were transacted in the Czech Republic compared to 458 mln EUR transacted in Poland.