P3 adding 12% to its Czech portfolio

The Czech divison of the industrial developer P3 had 160,000 sqm of space under construction during the third quarter of 2019. The biggest of its projects now underway remains P3 Lovosice, but it's also building space for its clients in its Prague D11 and Mlada Boleslav projects. The compay concluded an important deal with DHL for the construction of a 16,000 sqm and 15,000 sqm new industrial space for two international clients from the automotive and retail sectors. Further construction is underway at P3 Prague Horní Počernice for Ubiquiti and Advanex. Tomáš Miček, P3's director in the Czech Republic, said the company the 160,000 sqm now being built is 12 percent of the company's entire Czech portfolio. "That’s a huge amount at first glance, but we're custom building most of it and with the current appetite for quality industrial space, we believe it will soon fill up."