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The sixth Garbe park in the Czech Republic

Garbe Industrial Real Estate CEE has received the building permission for the construction of two industrial facilities in Pohořelice, located approx. 30 kilometers south of Brno. The new development, consisting of two halls measuring 20,000 sqm and 11,000 sqm, is set to begin construction imminently, with plans to make the properties available within eight months.

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.

First sustainable building comprising 20,000 sqm to be delivered in GARBE Park České Budějovice

GARBE, Industrial Real Estate CEE, specialists in logistics and industrial real estate, signed an agreement with Taconova to newly lease 9,240 sqm of industrial and 1,240 sqm of office space.

Fielmann will occupy 30,000 square meters in GARBE Park Chomutov

GARBE, Industrial Real Estate CEE, specialist in logistics and industrial real estate, has signed a future contract with Fielmann for the occupation of approximately 30,000 square meters in GARBE Park Chomutov. The German company plans to create a highly automated production and supply center worth EUR 65 million here. The investment is part of the Fielmann Group's strategic program to improve delivery times and product availability, increase profitability while reducing costs and carbon footprint. The contract will be signed for 15 years. Complete construction completion is planned for the first half of 2023.

GARBE starts a speculative construction of an industrial hall in Chomutov on a brownfield

Logistics and industrial real estate specialist Garbe Industrial Real Estate has started speculative construction with an area of 30,000 square meters in Garbe Park Chomutov. The new building will be built on a brownfield site in the former construction site, where the company completed demolition last year, revitalized it and prepared it for construction. The industrial hall will be completed by the end of this year.

The former glassworks near Hostomice revives, as Sanitino has opened a distribution centre for the whole Europe

Industrial zone developer Panattoni has successfully revitalised another brownfield site for investment group Accolade. They have returned industry to a location where it has historically thrived, the former Kavalier glassworks site in Hostomice, in the Teplice region. The first tenant of the new industrial zone named Panattoni Park Teplice South is the Czech sanitary equipment retailer Sanitino. It has started operating a distribution centre, which will gradually serve the whole of Europe. The transformation of a brownfield, with more than a century of glass history, into a modern zone for light manufacturing and distribution of goods, with an investment of more than half a billion, is therefore continuing successfully.

In industrial development, an enormous number of projects are under construction

Rising prices of building materials and energy, rising land prices for new construction, a lack of key components to ensure continuous production or a lack of manpower are plaguing the industrial sector in the Czech Republic. The solution in the area of availability of industrial real estate seems to be the optimization of operation and the increasingly frequent investments of many companies in the automation of routine activities.

Accolade refinanced the Czech and Polish industrial real estate portfolio for more than eur 200 million.

Accolade continues its plan to increase the stability and profitability of its portfolio of modern and environmentally friendly industrial real estate. With ČSOB and Unicredit Bank, it refinanced parks in the Czech Republic worth EUR 150 million (CZK 3.8 billion). The refinancing of the Polish portfolio follows last year's transaction in the amount of EUR 153 million (CZK 4 billion), to which another EUR 54 million (CZK 1.4 billion) has been added this year, again in cooperation with the German Aareal Bank.

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