PointPark Properties (P3), the specialist investor, developer and asset manager of warehouse properties, has bought 22 hectares of land alongside the D11 motorway east of Prague for a new 120,000 m2 logistics park which, when complete, will boost its total lettable area around the Czech capital by nearly 40%. The company will develop the site for a total investment of around €85 million to serve the rapidly growing demand for quality warehousing and distribution space in the vicinity of the city.