The new park is located just a few hundred metres from the P3 Lovosice park, which P3 acquired in August 2017 and where the first lease was signed just three months later (November 2017).

"Construction of the first warehouse at P3 Lovosice Cargo will start shortly with completion due in June this year. This park has attracted interest from potential customers from the outset thanks to a number of factors including its accessibility. This is demonstrated by the fact that we signed the first occupier, FM Logistic, less than three months after we acquired the site. The purchase of another building nearby in such a short time period clearly shows our belief in the potential of the Ústí region," said Tomáš Míček, P3's Managing Director for the Czech Republic.

On completion of the development of P3 Lovosice, P3 will own a total of 168,000 m² of storage and light manufacturing space in the region, creating several hundred new jobs.

With many companies continuing to face a shortage of reliable staff, the availability of workers in the area around the two new P3 parks considerably enhances their attractiveness to potential occupiers. The parks are only a few minutes from Lovosice city centre on foot or by bicycle. There are also bus stops and a railway station nearby, so employees can get to the sites easily. This kind of low environmental impact accessibility reflects P3's approach to sustainable development.

The two parks are located close the German border and the key industrial areas of Leipzig and Dresden, which are particularly associated with the automotive industry. Dresden is just a one-hour drive. In addition, proximity to Lovosice Harbour enables the transportation of goods by ship on the River Elbe.