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News Release

Prague

Geis Group Opened its New 5,600 sq. m. Logistics Centre in Řehlovice, Ústí nad Labem Region. The Transaction Was Negotiated by JLL.

Thanks to the recently completed section of the D8 motorway between Bílinka and Řehlovice, Geis will benefit from an excellent transport connection between Prague and Ústí nad Labem / Dresden


PRAGUE 4th April 2017 – Leading logistic company Geis, who was represented by JLL during the transaction, has leased 5,600 sq. m. of brand new logistic premises in Industrial Zone Řehlovice. The premises were developed by Czech real estate company Real Spektrum in a built-to-suit project. During this February and March, fit-out of the premises was carried out according to the specifications of Geis, and the new logistics hub started operation at the beginning of April.

"In recent years, our operation in North-West Bohemia has been growing and we felt the need for more space. Industrial Zone Řehlovice was appealing thanks to its strategic location and the flexibility of the developer and their capability of preparing a BTS project for us. The negotiations took in total about 18 months and were finished in March 2017," explains Miroslav Silovský, Procurer, Geis.

"With 255,000 sq. m. of class A industrial premises, the Ústí nad Labem Region is the sixth biggest submarket in the Czech Republic. With the completion of the D8 motorway in the vicinity of Řehlovice and availability of skilled workforce in the region, we expect further development of the location. Even now, we are observing an increase in the demand from logistic and production companies," adds Anna Kubějová, Senior Consultant, Industrial Agency JLL, who was responsible for the whole process of property search and the negotiations.