P3 wins the Best of Realty award for VF Corporation project
14/11/2015

P3, the owner, developer, and manager of European logistics properties, was placed first in the “Warehouse and Industrial Parks” category in the "Best of Realty" awards. At the ceremony where the results of the 17th edition of these prestigious Czech awards were announced, P3 received its award for a distribution centre near Prague constructed on a Build-To-Suit basis for the VF Corporation.

P3, the owner, developer, and manager of European logistics properties, was placed first in the “Warehouse and Industrial Parks” category in the "Best of Realty" awards. At the ceremony where the results of the 17th edition of these prestigious Czech awards were announced, P3 received its award for a distribution centre near Prague constructed on a Build-To-Suit basis for the VF Corporation.

An eight-member jury consisting of experienced specialists from the field had nominated 37 projects that competed in five categories. P3's project beat six other industrial and warehouse properties in its category. The jury selected P3 for facilitating the growth and consolidation of the VF Corporation's logistics processes through the construction of a new high-efficiency distribution centre, which incorporates environment-friendly, energy-saving features.

Held at the Congress Hall at the Czech National Bank's building in Prague, the awards ceremony was attended by leading representatives of the Czech real estate industry including architects, developers, and prominent lawyers, financiers, and public officials. The award was received, on behalf of the P3 team, by P3’s Head of Construction in the Czech Republic Tomáš Kubín and Daniel Kubizňák, Head of Leasing.

"Our partnership with the VF Corporation has now lasted more than 10 years. During that time, the company has become the largest tenant at the P3 Prague D8 park, and it is a great honour to have received an award for a project delivered for this particular client. The prize is a reward for the many years of hard work undertaken by our experienced professionals and testimony to how P3's comprehensive knowledge of the business, needs, and preferences of our clients leads to the best possible results and, most importantly, to their complete satisfaction," says Tomáš Míček, P3's Country Head for the Czech Republic.

The new VF Corporation warehouse is located in the P3 Prague D8 park. The award is the second accolade that this park, which currently offers more than 14,000 m² of warehouse space for lease, has received this year. It has already received the "2015 Tenants' Award for the Best Logistics Park", which is bestowed by the ATOZ LOGISTICS GROUP in cooperation with the STEM/MARK public research firm based on a satisfaction survey conducted among users of logistics and industrial complexes. In addition, the VF Corporation project has recently been awarded a "Very Good" BREEAM environmental certificate.

The VF Corporation, which owns such premium lifestyle retail brands as VANS, The North Face, Wrangler, and Timberland, moved to the P3 Prague D8 Park in 2004. Since then, the firm has built one of its main European distribution centres. In the spring (2015), P3 delivered a new 40,000 m² warehouse for VF Corporation - the largest Build-To-Suit project undertaken by P3 in the Czech Republic to date. P3 has now received a prestigious award for the completion of this venture. A contract for another building, which will comprise 23,445 m² and is scheduled for completion in April 2016, was signed only eight months later. Once the last construction stage is completed, VF Corporation will occupy a total of 106,000 m² at P3 Prague D8 park.

Adam Foks
Marketing Specialist
+420 727 887 012
adam.foks@p3parks.com
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