The Charnwood Company acquired the Malešice Business Park site from Manufaktura in a deal from early 2025 that took just weeks to close. While the location—situated between Depo Hostivař and Logicor’s Průmyslová park—was a major draw, the primary attraction was the existing building permit for the 5,000 sqm building on Tiskařská street. Thanks to this, the first phase is scheduled for delivery this July. And it’s already 90% pre-leased.
While Manufaktura had originally planned to demolish the existing structure to build a new headquarters, Charnwood saw the potential in repurposing and expanding it. By adding two floors to a section of the existing building, Charnwood significantly increased the Gross Leasable Area (GLA). This newly created floorspace was leased on a 30-year term to the self-storage operator Perfect Storage. With 5,100 sqm thus secured long-term, Charnwood founder David Bouck was able to add an additional 1,300 sqm extension by repurposing the original parking lot and heavy-truck loading bays.
In total, the project will span 10,000 sqm across eight units. “I’ve been giving up a little bit on the rent in order to focus on the long-term and make it investment grade,” says Bouck. Rents range from around €11 per sqm to €12.50, he says.
The remaining units, ranging from 875 to 1,098 sqm, have secured lease terms between 7.5 and 15 years, all featuring a minimum 1.5% annual indexation. The WAULT (Weighted Average Unexpired Lease Term) across the entire project is an impressive 21 years.
“I don’t know what else we could ask for,” comments Bouck. “This is exactly the product Charnwood focuses on acquiring, developing, and bringing to market. We currently have two other, larger projects like this in our Prague development pipeline.”
Leveraging low vacancy
Demand for urban industrial space continues to outpace supply. Charnwood receives roughly three leasing inquiries per week for the Malešice units, despite minimal marketing. According to the Industrial Research Forum, Prague’s industrial vacancy remains below 3%, with little prospect of a significant influx of new supply.
Charnwood’s contractor, Goldbeck, is targeting completion of the second phase by Q2 2027. The units in this new phase will be smaller—ranging from 302 to 458 sqm—to serve the “micro-industrial” niche.
Charnwood isn’t the only player targeting Prague’s urban industrial land. In April, J&T Real Estate and Logport acquired a 37,000 sqm site near the O2 Arena for a last-mile logistics platform. Logport’s David Vais claims the firm has secured 330,000 sqm of land across four Prague locations, totaling roughly 125,000 sqm of buildable space.
However, industrial developers face stiff competition from residential firms, especially as Prague’s new-build prices rose 12% in 2025. Even Charnwood’s Eastgate Park project in Sterboholy had attracted offers from residential developers looking to demolish the site for apartments. Despite the competition, Bouck confirms Charnwood will be delivering similar projects to Malešice Business Park, but on a larger scale.
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