P3 signs first customer for its newest Czech logistics park

P3 signs first customer for its newest Czech logistics park
In Lovosice, P3 will provide FM Logistic with 30,000 m² of Build-to-Suit space in the largest unit – the 90,000 m2 “Big Box” - on in the park. As a result, the company will occupy a total of almost 110,000 m2 of space in P3 warehouses across Europe.

P3 announced plans for the new logistics park on the outskirts of Lovosice in August this year (2017), and FM Logistic approached the developer shortly afterwards. FM Logistic will operate a multi-customer platform focused on e-commerce activities targeting the German market from its new space.

"P3 Lovosice park will be the sixth location in which FM Logistic relies on our services," confirmed Tomáš Míček, P3’s Country Head for the Czech Republic.

The construction of the strong>FM Logistic warehouse at P3 Lovosice will begin at the end of the year (2017), with completion due for early summer 2018.

FM Logistic specialises in logistics services for retail chains and the manufacturers of foods, perfumes, cosmetics, and medical and pharmaceutical products. It operates in 12 countries on three continents and employs over 23,000 people worldwide. The company's clients include the likes of Unilever, Billa, L´Oréal, and Nestlé.

The tender for the Lovosice warehouse, under which FM Logistic selected P3 as its partner, was organised by CBRE.

P3 Lovosice park will comprise a total of nearly 130,000 m2 on the outskirts of Lovosice. It provides excellent access to Exits 45 and 48 on the recently completed Highway D8. It also benefits from proximity to a railway shipping terminal and a harbour on Labe River. The facility will create as many as 1,000 new jobs in an area of high unemployment.