Logistics Company Kuehne+Nagel Opened Cross-Dock in ARETE Park Zdice
We have completed a new hall within ARETE Park Zdice and handed it over to its tenant, the Czech branch of the global logistics service provider Kuehne+Nagel. The facility will provide space for a logistics center, specifically a cross-dock. The total leasable area of the park in Zdice has increased by more than 41%. At the end of May, the construction of the third hall in ARETE Park Zdice was completed. The hall will provide 7,233 m² of space for a logistics center to its tenant, the international logistics service provider Kuehne+Nagel, specializing in comprehensive supply chain solutions for various industries worldwide. The company has taken over the building and will start using it in June. This move responds to growing customer demand and increases the company’s capacity in the sought-after logistics location to offer even more efficient and faster shipment handling. “The opening of this cross-dock represents a significant milestone in our efforts to provide top-notch logistics services,” said Martin Froněk, Director of Ground Transport Division. “With this new infrastructure, we will be able to better meet the needs of our customers while contributing to a more sustainable way of doing business,” added Miroslav Pudil, CEO of Kuehne+Nagel in the Czech Republic. This is the third building within ARETE Park Zdice, with the first two buildings already occupied by two other tenants. The Zdice park provides premium spaces for light manufacturing, assembly, and logistics. The total leasable standing area of the park in Zdice increased by more than 41% to 24,808 m² after the opening of the new building. The share of warehouse and distribution space in this park is now 45%, with 55% allocated for manufacturing and production. The park’s location is situated close to the D5 highway between Exit 22 and Exit 28. This unique position, along with the nearby availability of workforce from the Beroun, Zdice, and Prague areas, represents a unique potential for the development of manufacturing and warehouse capacities. The specifications of the manufacturing and warehouse spaces meet the latest technological and ecological standards. There is a photovoltaic power plant on the roof of the third building, and BREEAM certification is in progress. Kuehne+Nagel is a highly creditworthy tenant with a successful history. Originally a forwarding company founded in 1890 by August Kuehne and Friedrich Nagel in Bremen, Germany, it has transformed into a global logistics company over the past 130 years, offering highly specialized solutions for large industrial sectors on a global level. The company is headquartered in Switzerland. Kuehne+Nagel employs over 81,000 logistics and supply chain experts, serving approximately 400,000 customers in nearly 1,300 offices worldwide. The company is a leader in maritime and air transport on a global scale, utilizing innovative and sustainable logistics solutions.
The bet on the real estate is partially bet on the economy
Check out the interview by Prague Finance Institute magazine with Robert Ides, Managing Partner & Cofounder of ARETE, where they discuss the current economic outlook and investment themes. Highlights include: · Equities trends in the USA and the IT sector. · Implications of higher interest rates on financial markets and the real economy. · The impact of the Green deal and net-zero emission targets on investment opportunities. · Outlook on the commercial real estate (CRE) sector globally, with a focus on Europe. · Comparison of CRE valuations in the Czech Republic and Germany. · Optimistic outlook on the private equity (PE) industry, including trends in perpetual funds and global expansion. · Major risks for the world economy and financial markets, including interest rate dynamics and geopolitics. · Asset classes expected to perform well in the next decade, such as equities in developed markets, private markets, and real assets. What was also said: “The bet on the real estate is partially bet on the economy – CRE is basically the box in which the economy operates.” Check out the whole interview below.
