The pandemic and related measures have had only a limited effect on the rental market for industrial real estate. Especially with regard to the importance of the logistics sector, supply chains and production for the end consumer. In the third quarter, developers and tenants caught up with the impact of the lockdown, and the situation in the fourth quarter will give more impetus to business samples next year.
Czech leaders in the revitalization of brownfields, developer Panattoni and investor Accolade, have begun construction of a new industrial zone in the area of the former Kavalier glassworks in Hostomice near Teplice. Panattoni Park Teplice South will offer facilities for light production, distribution of goods and up to 300 new jobs. The investment for half a billion CZK has the ambition to build on the local history of more than 100 years of glassmaking with modern industrial operations. The first building for the Sanitino sanitary ware dealer will soon be built on the site.
Vincent Vallois MRICS, Co-Founder of Online Real Assets – CEE Partner of Spaceflow tenant experience application – sees the market from a new perspective. Online Real Assets has just launched Spaceflow in Hungary and they see great potential and momentum for a space-as-service transition of the commercial real estate market.
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