“Lidl bought a plot of land near the D5 motorway at exit 93 for its future logistics needs,” said Lidl spokesman Tomáš Myler without further details. He did not comment on the transaction price. According to information from the E15.cz server, Lidl gave around 30 million euros for the land. According to the current exchange rate, this is 785 million crowns.
“This land is one of the last integrated areas in the Czech Republic for the development of premium logistics parks. That’s why we registered strong interest from investors, “said Katarína Brydone, head of the investment department at the consulting company CBRE, which participated in the transaction.
It is possible to build logistics and industrial properties of 474 thousand square meters on the plots. According to the available information, only the CPI group in Mlýnec u Tachova is currently preparing a larger project in the Czech Republic. Upon completion, it is to offer for rent 600 thousand square meters of halls.
Lidl already has one logistics base in the Pilsen region. In 2016, the company opened a large warehouse there for its e-shop.
In the retail chain market, Lidl is one of the best earning players. According to the latest published results, for the financial year ending in February 2020, the group generated a net profit of 5.9 billion crowns in the Czech Republic from revenues of 64 billion crowns.
Industrial and logistics real estate are among the desired goods mainly due to the growth of e-commerce. There is a lack of suitable land for new construction, especially around motorways.
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