How would you briefly describe Logicor’s strategy in the Czech logistics real estate market?

Our strategy is based on selecting locations that meet strict criteria — the right place, strong connectivity to key transport routes, and proximity to major population centres.

So far, we have been developing modern, highly sustainable projects on a speculative basis. This allows us to engage with clients early and adapt the space to their needs even before construction is completed.

This approach has proven successful for both our clients and our business. Thanks to carefully selected locations, our parks are able to serve more than 2,000 customers across Europe.

 

What role does the Czech Republic play within your European portfolio?

As of December 2024, Logicor manages more than 19 million sqm of logistics space across key transport hubs near major population centres in 16 European countries.

The Czech Republic represents an important and dynamically growing market for us. Our local team, including external partners, consists of around 30 professionals, and we have successfully delivered three projects to date.

Our Czech portfolio currently exceeds 100,000 sqm of industrial and warehouse space, all of which meets the highest standards of modern business parks.

 

How has demand for logistics and warehouse space evolved in recent years?

The tenant mix has broadened significantly, and today these developments are no longer purely logistics-focused. The Czech market is quite specific compared to other Central European countries, such as Poland, due to its strong share of manufacturing users.

Historically, manufacturing companies accounted for around 30% of demand, with logistics operators representing a similar share and the remainder driven by retail distribution and other sectors.

This trend is continuing, with manufacturing demand strengthening further — in Q3 2024, it accounted for as much as 59% of newly leased space.

We are also seeing increasing sophistication in tenant operations, with a growing level of automation and a higher share of value-added activities.

 

Could you introduce the Logicor Příšovice park and its key parameters?

Logicor Příšovice was completed in December 2024 near the D10 motorway, close to Turnov. It is our first logistics park outside Prague and represents a brownfield redevelopment into a modern logistics hub.

The park offers approximately 20,500 sqm of space across two buildings, suitable for manufacturing, warehousing, and office use. A key advantage is direct rail access via a private siding connected to Building A, enabling tenants to establish a multimodal freight terminal.

 

What are the main logistical advantages of the Příšovice location?

Location is absolutely critical. The park benefits from a strategic position along the D10 motorway, with excellent connections to Prague (70 km), Mladá Boleslav, and Liberec (28 km).

The accessibility ensures efficient commuting for employees and smooth logistics operations. The park primarily serves regions north and east of Prague.

We also focus on community integration — we supported local infrastructure by connecting utilities to a nearby natural swimming area, investing in landscaping, and contributing to cycling paths.

 

What type of tenants is the Příšovice park best suited for?

Příšovice is ideal for companies seeking modern warehouse, production, or cross-docking facilities. Typical tenants include businesses engaged in value-added activities, such as Stokvis or Wassa, which recently relocated to the park.

At the same time, the park offers flexibility to accommodate a wide range of operational needs.

 

What technical standards do tenants expect today?

Tenants today expect flexibility and advanced technologies. This includes a strong focus on green energy solutions — photovoltaic panels, EV charging infrastructure, and energy-efficient LED lighting with DALI automation.

There is also growing demand for smart docks connected to IoT systems, as well as automated management systems enabling remote monitoring.

Clients increasingly require proof of green energy sourcing and expect infrastructure prepared for higher levels of automation, including automated access systems with license plate recognition.

 

How flexible are your buildings in terms of tenant customization?

Although we develop on a speculative basis, we aim to involve tenants as early as possible — ideally before completion — so that we can tailor the space to their specific needs.

For example, Logicor Prague–Průmyslová is divided into four independent units that can be combined and adapted as tenant requirements evolve.

Our upcoming project in Plzeň will offer even greater flexibility, accommodating not only standard logistics but also advanced manufacturing and commercial operations with public access.

 

What ESG and sustainability features are implemented in your parks?

Sustainability is a top priority for us. Our goal is to reduce the carbon footprint of our portfolio by 36% by 2030.

Logicor Příšovice has been developed in line with high sustainability standards and has achieved a BREEAM “Very Good” certification.

Key features include rainwater harvesting, energy-efficient lighting systems, photovoltaic readiness, EV charging stations, and smart metering for precise energy management.

We also implement green façades, green roofs, and water features, while supporting biodiversity through landscaping with native plant species.

Employee well-being is also important — the park includes cycling access and relaxation areas.

 

Are tenants today more sensitive to price or to quality and technology?

Tenants are increasingly balancing both factors. They are sensitive to commercial lease conditions, but also place strong emphasis on sustainability, operational efficiency, and flexibility.

Long-term lease security — typically five to ten years — is essential for planning their business. Expansion opportunities within the same park are also an important consideration.

While pricing remains relevant, quality, technology, and sustainability are equally important decision factors.

 

Which sectors are currently driving demand the most?

Manufacturing companies are currently a major driver, accounting for 59% of newly leased space in Q3 2024.

In addition, last-mile logistics, e-commerce, 3PL operators, and parcel delivery companies remain highly active.

An interesting example is Knihobot, the first tenant at Logicor Prague–Průmyslová, combining logistics with value-added services and a circular economy approach.

We also see increasing demand from companies combining headquarters with showroom space.

 

What are Logicor’s development plans in the Czech Republic?

We are currently preparing a new industrial park in an established commercial location in Plzeň, with a planned area of 14,000 sqm.

Thanks to its location on the D5 motorway between Prague and Germany, it will provide an excellent base for cross-border logistics and distribution, as well as light manufacturing. Completion is expected in the first half of 2027.

The project will offer high flexibility of internal layouts and will also be suitable for more complex operations, including commercial uses with public access.

In terms of acquisitions, we remain open to purchasing completed assets if they offer strong potential, although our primary focus remains on development.

We also aim to continue revitalising brownfield sites, which we see as a key direction for sustainable growth.

 

About Logicor

Logicor is one of Europe’s leading owners, managers, and developers of modern logistics real estate. Its portfolio exceeds 19 million sqm across 16 countries and serves more than 2,000 customers.

The company is headquartered in London and Luxembourg. In the Czech Republic, Logicor has been active since 2021 and manages three modern parks: Logicor Prague-Airport (Dobrovíz), Logicor Příšovice, and Logicor Prague–Průmyslová (Hostivař). The Czech portfolio exceeds 100,000 sqm.