FIEGE leases Czech warehouse to help Nexen with OE tyre supply

CTP, Europe’s largest industrial and logistics property manager by gross lettable area (GLA), has leased 18,000 sqm to FIEGE, a leading provider of logistics and transport services in Europe, at a new 71,000 sqm industrial and logistics building which is currently under development at CTPark Žatec in the Czech Republic.

From April 2024, the new regional distribution centre at CTPark Žatec will be used to store tyres from Nexen Tire Europe and supply them to automotive manufacturing plants across Europe. 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.

Indeed, FIEGE specifically reports that it specifically has extended its cooperation with Nexen to help transport tyres from CTPark Žatec to the nearby Volkswagen, BMW, Audi and Škoda car plants.

The latest announcement is FIEGE’s third location with CTP, following existing leases in Poland and the Czech Republic, and brings their total occupation across CTParks to 59,000 square metres. In 2024, FIEGE will expand its portfolio of logistics halls with a fourth branch in CTPark Žatec.

“The cooperation between FIEGE and CTP is an example of effective connection between logistics needs and industrial capabilities, which are the result of careful planning and strategic industrial advisory from Knight Frank. Our role was to create a bridge between FIEGE’s specific needs for Nexen Tire Europe and a unique warehousing solution from the developer CTP, situated directly at Nexen production factory. I am sincerely delighted with another closed transaction with FIEGE who continues to strengthen their position on the Czech market,” added Markéta Vrbasová, director of Industrial Leasing at Knight Frank Czech Republic, who secured the extension of this partnership.

CTPark Žatec is located in a proven industrial zone approximately 30 kilometres from the German border on the D8 motorway and close to the D7 motorway connecting Prague with Chomutov.

Based in Greven, Westphalia, Germany, the FIEGE Group is a leading European logistics company. With 15,000 employees in 150 locations, the company operates internationally, from its core markets in Europe to India and China. The family-owned German company has been active on the Czech market since 1994.