UDI Group sells Sázava Logistics Park to SEGRO European Logistics Partnership

Czech international developer UDI Group has completed the sale of its logistics complex, Sázava Logistics Park, located at the 34th kilometre of the D1 motorway near the village of Ostředek. The property was acquired by SEGRO European Logistics Partnership. The parties have agreed not to disclose the sale price.

The park comprises four fully leased warehouses with a total area of over 46,000 square metres. The facility, which required an investment of more than €36 million to develop, currently provides employment for approximately 300 people.

“The Sázava Logistics Park was completed in 2023, but at that time, investor interest in the Czech market was subdued due to the war in Ukraine and the energy crisis,” said Jan Chromeček, Development Director at UDI Group. “We decided to wait for more favourable market conditions to achieve our targeted price. We are pleased the project has been acquired by SEGRO, a company with over a century of experience in logistics real estate across Europe.”

UDI Group, originally from the Czech Republic, is an international developer active in residential, office, and industrial projects across Europe and Latin America. The company currently has 21 projects in preparation, with expected revenues of €2.5 billion in the coming years.

Following the sale, UDI Group continues to expand its logistics portfolio and is planning a new complex on the D5 motorway. The upcoming project will include three warehouses totalling 130,000 square metres, with an estimated investment of €140 million.