Development company Panattoni, in cooperation with the investment group Accolade, announced the completion of the acquisition of land near the highway and railway junction and Leoš Janáček Airport in Mošnov. The companies have acquired space here for the construction of an industrial complex called Panattoni Park Ostrava Airport.
New supply dropped below the 5 year average due to construction delays and developers intentionally delaying completion when a suitable pre-lease is not found.
Industrial Research Forum Announces Industrial Market Figures for Q4 2024
The total amount of industrial space reached 12.3 million sq m, of that 106,700 sq m were delivered in Q4 2024
Speculative development decreased for the first time since Q1 2024. Of the 978,300 sq m currently under construction, 31% is being built speculatively
Net take-up for industrial space reached 217,700 sq m in line with the quarterly average of this year.
The vacancy rate increased by 3 basis points compared to the previous quarter, reaching 3.13%
Prague’s average highest achievable rent stayed stable, reaching around €7.00-7.50 per sq m per month
The Office for the Protection of Economic Competition (ÚOHS) has authorized the American investment company Blackstone to purchase a portfolio of ten logistics parks in the Czech Republic.
Interviews with experts and questionnaire surveys showed that the Czech logistics sector is facing key decisions and changes that can fundamentally affect its future direction. Companies in the Czech Republic are facing increasing challenges, which include labor shortages, pressure on wage growth, the need to transition to automated processes and European regulatory policy. These factors force companies to rethink their strategies and investments in order to succeed in today's market.
The past few years certainly haven’t been easy for retailers. A pandemic, global chain disruptions and shortages, inflationary pressures that have squeezed consumers’ wallets and increased product costs, economic uncertainty and geopolitical instability have resulted in the closure of thousands of stores and the demise of numerous brands. Not content with all this economic disruption, a new phase of digital technology has altered consumer behaviour and increased expectations, changing the retail marketplace forever. Growth opportunities exist, but seizing them requires new mindsets, technologies, supply chain capabilities, and logistics networks.
Developer CTP is launching a new project within the development of Ostrava's Technology Park in Pustkovec (also known as T-park). The multifunctional building T6 with a total area of approx. 30,000 m2 will create a space that will connect the scientific sphere, innovative companies and students. The project, with an estimated investment of 50 million euros, is due to be completed at the end of 2027.
The study, carried out as part of the upcoming Panattoni Park Pilsen West III project by Buildigo, showed that dark facades mean up to a threefold increase in the heat island effect compared to the use of light facade surfaces. The combination of light surfaces and strategically placed greenery can also improve the perceived temperature by up to 20 percent, even compared to the original undeveloped location. The results of the study were published by the developer Panattoni.
American equity firm Blackstone is buying CT Real Estate, a portfolio of ten logistics parks, for €470 million from TPG Real Estate. The mentioned industrial properties currently cover an area of approximately 500,000 square meters in the Czech Republic and Slovakia. Five years ago, TPG Real Estate created a joint venture with the developer Contera and thus acquired its portfolio, which has since quadrupled with joint efforts.
