Home News REITs

Cromwell EREIT has secured new leases for its first logistics development in Czech Republic

Felicia Tan
Felicia Tan5/10/2022 08:51 AM GMT+08  • 3 min read
Cromwell EREIT has secured new leases for its first logistics development in Czech Republic
The plot schematics and actual aerial view of the industrial park. Photo: CEREIT
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The manager of Cromwell European REIT (CEREIT) has commenced its first €15 million ($22.0 million) logistics development in Czech Republic with four leases secured for approximately 40% of the new warehousing development, including two pre-leases for two of the five new units.

The development spans over 25,600 sqm in the country’s Lovosice ONE Industrial Park I and II.

The leases have been secured with the REIT’s new and existing tenant-customers. They are AutoMax, an importer and distributor of car oils, lubricants and auto parts focused on the Czech Republic and Slovak markets; Fiege, a subsidiary of German-headquartered Fiege Group, one of the leading 3PL and transport service providers in Europe; Lorenc Logistics s.r.o., a Czech-Republic-based international transportation company; and CTE Cargo s.r.o, a provider of logistics, e-commerce and warehousing services, customs clearance and last-mile delivery between China and Europe.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now