Even though the demand for industrial premises in the third quarter of this year was still below the level of the five-year average, the first signs of market recovery began to appear and the number of concluded contracts began to grow slightly. The total volume of the Czech market for industrial and warehouse space grew by 6.4% year-on-year to 12.2 million m2, the vacancy rate rose by 33 basis points quarter-on-quarter to 3.11% and the limited supply of new space combined with cheaper foreign competition and cheaper in older premises, it slowly began to push prices down. This is according to the quarterly industrial real estate market published by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.
Schneider Electric, a leader in the digital transformation of energy management and automation, introduces the new Galaxy VXL – a highly efficient and compact 500-1250 kW uninterruptible power supply (UPS). This next-generation UPS delivers state-of-the-art power protection solutions for the critical infrastructure of AI-powered data centers and modern digitally controlled industrial enterprises.
VGP, a leading European owner, manager and developer of industrial and logistics real estate, has officially completed the final phase of VGP Park Olomouc by handing over Hall E to MAPEI. This global leader in construction chemicals has leased 4,267 m² of modern warehouse and office space, which will serve as its new Czech headquarters. Aiming for BREEAM Excellent certification, this state-of-the-art facility marks the culmination of VGP's development at the park.
Urban and industrial zone development planning, renewable energy sources, strategic investments, and ESG reporting. The Bold Future conference, which was hosted by the Prague Congress Center on Tuesday, November 12, addressed these topics with a unifying focus on sustainability.
Development company 7R and real estate investment manager EQT Exeter have joined forces to build the EQT Exeter Park Prague D8 Lužec logistics park. The project includes two buildings with an area of 44,000 and 12,000 square meters, a total of 68 docks and 12 m of clear height.
The development company Panattoni, together with representatives of the Moravian-Silesian Region, presented the design of the Panattoni Smart Park Karviná industrial zone. The expected total investment in the industrial zone with a buildable area of 330,000 square meters may exceed 25 billion crowns, with construction work scheduled to begin in 2026.
Consolidating parcels for groupage services, increasing the capacity of transport and logistics services, supporting the stability of supply chains in a specific segment. These are some of the reasons why logistics companies are opening new operations and expanding existing ones. We summarize some examples from this autumn.
While Germany is experiencing a significant cooling in the commercial real estate market and the Polish market, heavily dependent on foreign capital, is developing rather slowly, the Czech Republic continues to remain a relatively stable and safe market within Europe.
