Fiege leases space in Czech Republic for storage of Nexen tyres

Fiege leases space in Czech Republic for storage of Nexen tyresGerman family-owned logistics and transport services provider Fiege has leased from CTP, Europe’s largest listed developer, of industrial and logistics properties by gross lettable area (GLA), 18,000 sq m to, at a new 71,000 sq m industrial and logistics building which is currently under development at CTPark Žatec in the Czech Republic. From April 2024, the new regional distribution centre will be used to store tyres from South Korean tyre maker Nexen Tire Europe and supply them to automotive manufacturing plants across Europe.

This will be Fiege’s third location with CTP, following existing leases in Poland and the Czech Republic, and brings its total occupation across CTParks to 59,000 sq m.

The warehouse had to be specially adapted for the storage of tyres in transport cages, which was handled flexibly by CTP. Fiege will provide complete logistics services at CTPark Žatec for Nexen Tire Europe, which has its European production plant close by.

This new agreement is driven by the current ‘nearshoring’ trend, which is seeing many companies bring production closer to their customers and increase their European production capacity, and the resultant growth in the supply chain.

That is why Fiege says it has extended its cooperation with South Korean tyre manufacturer Nexen Tire Europe and will transport tyres from CTPark Žatec to the production plants of European car manufacturers such as Volkswagen, BMW, Audi and Škoda.

“This project in CTPark Žatec is a key step in our strategy to strengthen our logistics operations in Europe and is a direct response to the growing trend of nearshoring, where companies are bringing production closer to their main markets. The cooperation with CTP and the use of cutting-edge technologies in our new distribution centre will enable us to provide highly efficient and sustainable logistics services. We are proud that this move not only increases value for our clients and partners, but also actively contributes to the development of the region and supports the local economy,” explained David Peterka, Head of Business Development at Fiege.

In the new distribution centre, Fiege adds it will store tyres in transport cages rather than in conventional racking. CTP’s experience and flexibility ensured the necessary adjustments to the project, given the strict fire and safety requirements that this type of storage requires.

The fire sections were adjusted and better sprinkler heads (K360) installed.

CTPark Žatec is located in a proven industrial zone approximately 30 km from the German border on the D8 motorway and close to the D7 motorway connecting Prague with Chomutov. The park is located between three districts with approximately 300,000 inhabitants within a 30 km radius, with the advantage of quality infrastructure and business incentives supported by the state.

CTPark Žatec offers buildings for manufacturing, logistics, R&D and back-office. In addition to the ZA4 building currently under construction, which has 53,000 sq m of space left available, the park offers Shell & Core ready-made space in two other buildings of 4,000 and 9,000 sq m, which can be customised within six months of signing the contract.