South Korean fund acquires largest shed in Czech Republic

Privately owned UK property asset management company Roebuck Asset Management has acquired a logistics warehouse in Dobroviz, Prague, on behalf of a South Korean institutional investor.

Financial details were not disclosed.

'We are pleased to have acquired another European logistics asset for our Korean Investors,' said David Hidderley of Roebuck Asset Management.

'Amazon Prague is undoubtedly a best in class logistics centre, offering attractive rental growth prospects while playing a mission critical role to the tenant. Roebuck continue to seek further European logistics opportunities for our Korean investors,' Hidderley added.

The 125,000 m2 purpose built modern facility is let to Amazon until 2030 and has achieved a BREEAM Excellent rating. The asset is located in the immediate vicinity of Václav Havel International Airport in Prague.

International real estate advisor Savills advised the buyer.

Stuart Jordan, managing director of Savills Czech and Slovak Republics added: 'Acting as a gateway to Germany, this asset is located in one of central eastern Europe’s most sophisticated logistics hubs. With a blue chip tenant on a lengthy lease, it was a perfect match for our client’s requirements.'

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