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Industrial Research Forum: Vacancy rate up slightly, slowing demand hits market

The total supply of modern industrial premises in the 1st quarter of 2024 reached 11.87 million square meters. The demand for industrial premises slowed down, the gross realized demand reached only 160,400 square meters. At the end of the first quarter, almost 0.92 million square meters of industrial space was under construction in the Czech Republic. The vacancy rate increased by 28 basis points from the previous quarter to 2.0%. The average highest rent achieved in Prague remained stable at approximately EUR 7.50 - 7.70 per square meter per month.

B2 Assets takes care of the management of the Panattoni distribution area in Chebsko. The tenant of the new hall is a company from the automotive sector

The modern distribution area in the village of Okrouhlá in Chebsko is equipped with heat pumps, underground water tanks and the possibility of installing photovoltaic panels on the roof. Charging stations for electric cars will also be added to the outdoor parking lot. B2 Assets takes care of the management and maintenance of all technical networks, including electricity, water, air conditioning and fire protection. "The new building has one specific feature, namely its own gas tank in case of a gas crisis. A number of safety rules and technical requirements for maintenance are associated with the operation of a gas storage tank - we are able to ensure all of this in addition to the normal management of the facility," says Václav Bartoš, CEO of B2 Assets.

The new hall in Panattoni Park Cheb East is already serving its tenant, a global company from the automotive sector

Industrial developer Panattoni together with investment group Accolade announce the handover of a fully completed hall in Panattoni Park Cheb East. Part of the building with a total floor area of 61,000 square meters is already used by a tenant operating in the automotive industry. The building is ready for expansion by another 18,000 square meters and aspires to the highest level of assessment in the international sustainability certification BREEAM New Construction.

Martin Baláž appointed Prologis Senior Vice President, Head of Asset Management for Central Europe

Prologis continues to grow in Europe and introduces organizational changes to increase efficiency. Martin Baláž, previously senior vice president and country manager for the Czech Republic, Slovakia and Hungary, has been appointed as one of the four new Heads of Asset Management, making him responsible for Prologis' operations throughout Central Europe.

Quehenberger Logistics extends the lease in GLP Park Bratislava Senec

One of the largest tenants of the logistics and industrial complex of the developer GLP in Senec, the company Quehenberger Logistics, has extended the lease for another two years. The growing demand for commercial premises in the vicinity of Bratislava will also be satisfied by the newly emerging Business Zone GLP Bratislava.

Park of the future: CTP lets 60% of the new addition to CTPark Prague North

CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has signed three key ten-year leases in its most sustainable industrial park near Prague, comprising more than 60% of a new 32,000 sqm building that will be delivered by the end of Q2 2024 at CTPark Prague North.CTPark Prague North will welcome MEMODO, Fulfillment.cz and the Albert retail chain this year, confirming the increasingly strong demand for quality and sustainable industrial premises, which the park perfectly meets thanks to its strategic location and high sustainability standards.

The Czech Republic has the world’s greenest industrial building

A modern industrial facility at Panattoni Park Cheb South has become the most environmentally friendly industrial building in the world.

18,000 sqm Lease With CTP Enables FIEGE to Deliver Nexen Tyres From Czech Republic to Car Manufacturers Across Europe

This will be 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 sqm. 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.

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