Logistics complex in Mošnov will have a new owner

The logistics complex in Mošnov, known as Ostrava Airport Multimodal Park, will be gradually purchased from its current owner by the American investment giant Exeter Property Group. This will be the first investment in the Czech Republic for the American company.

The Americans have agreed with the developer Concens Investments to gradually take over the logistics complexes being built near the airport in Mošnov and in Nošovice near the Hyundai car factory. The projects were previously co-owned by a fund from the J&T group. The real estate market has been talking about the transaction for some time. In mid-September, J&T Bank itself issued the following statement about the upcoming sale, "Colorizo Investment from the portfolio of the J&T Property Opportunities fund has started the process of selling the logistics complexes in Ostrava-Mošnov and Nošovice. During the second quarter, a joint venture agreement was signed with one of the investors. The sale of the individual halls is expected to take place in several phases over the next twelve months as they are gradually completed and occupied by tenants."

Ostrava Airport Multimodal Park is one of the largest complexes of its kind in the Czech Republic and offers a link between road, rail and air transport. The first hall here was completed in 2019 and more are being added rapidly. This September, the developer began construction of the terminal to help shift freight from the roads to the rails. Once construction is complete, up to 234,000 sqm will be available to tenants. The park is part of the Mošnov strategic industrial zone, which still offers plenty of available land for investment and will grow next year with more than 100,000 sqm of available space planned to be built by developer Panattoni.

A number of companies are already operating in the park, mainly in the logistics and e-commerce sectors. Worth mentioning are companies such as DHL, Contintental, ABB and regional start-up Skladon, which has repeatedly been ranked among the 50 fastest growing and innovative companies in Central Europe.

For the Moravian-Silesian region, this means tens of thousands more new areas for business. In addition to the complex in Mošnov, large projects in Ostrava by developers Contera, P3 Logistic Park and GLP are also in various stages of construction. There is already a shortage of available industrial and logistics space throughout the Czech Republic. According to spol. Colliers, the total volume of vacant space in Q3 this year was approximately 234,800 sqm and the vacancy rate fell from 3% to 2.5% compared to the previous quarter.