CZECH REPUBLIC UPS HQ changes hands
Warehouse & industrialschedule 28 November 2022
The building, which was completed in 2019, is leased to the courier for 15 years
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UK investment group Verdion has sold the Czech headquarters and main logistics hub of US courier UPS in Tuchoměřice near Prague to Czech investment group Safichem for an undisclosed sum.
The 13,600 sqm building, which is situated at Prague’s Václav Havel Airport, was acquired by Verdion in 2018 and became the first asset in the Verdion European Logistics Fund (VELF1), which closed in 2020. The property was developed for United Parcel Services on a 15-year lease running from its completion in December 2019.
This disposal has delivered exceptional returns and outperformance despite the more challenging market environment. A combination of Verdion’s high speci
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