June month in Belgrade has long been reserved for the world of real estate. Belgrade invites and expects participants who will come to visit the REBEC event.
NEPI Rockcastle (NRP.AS) (JSE.NRP), Europe’s third largest listed owner, developer and manager of retail properties by portfolio market value at €6.6 billion, and the largest in Central and Europe, generated a 27% rise in net operating income (NOI) in the first quarter (Q1) of 2023 versus Q1 2022, to €120 million. The sharp uptick in performance extends the trend that was accelerating through 2022 and was driven by higher base rents, tight management of operating costs and an €8.8 million contribution from the three acquisitions - Forum Gdansk Shopping Center, Copernicus Shopping Centre, 50% of Ploiesti Shopping City - made by the Group in the second half (H2) of 2022. The increase in NOI was 17% on a like-for-like (LFL) basis.
The owner, developer and manager of industrial real estate P3 Logistic Parks welcomed Zitek logistics to its Ostrava park. Here, it will store the complete product portfolio of Pivovary Staropramen, specifically the brands Staropramen, Braník, Ostravar and others. Traffic in the L1 hall begins to pick up during the spring months.
Construction work on the joint project of the development group Garbe Industrial Real Estate CEE and the investor Progresus started in April this year. The Garbe Park Chomutov II industrial hall with a total leasable area of almost 21,000 square meters, which will be built by the end of the year, is currently 73% leased.
In the first quarter of 2023, a total of 217,900 square meters of warehouse space was completed in 18 industrial parks across the Czech Republic. This volume represents a 25% increase over the previous quarter. However, compared to the same period last year, there was a decrease of 26%. At the time of completion, approximately 83% of these projects were already pre-leased. The total area of modern industrial premises intended for rent reached the limit of 11 million square meters.
Arete Group's third fund focused on industrial and logistics assets in the region of Central and Eastern Europe completed the purchase of a production hall near Milovice in Central Bohemia. The long-term tenant of the building will be AAS Automotive, which specializes in the production of longitudinal and transverse roof racks.
A sustainable industrial building was built on the grounds of CTPark Prague West in Chrášťany u Prahy, which received a record score of 92.1% in the BREEAM New Construction ecological certification at the Outstanding level. It thus became the "greenest" industrial building in the Czech Republic. The hall has a whole series of innovative solutions contributing to energy efficiency, there is no shortage of facilities to support the local fauna, rich greenery or charging stations for electric cars.
