The struggle on the industrial property market in Europe has intensified, according to the latest report from Savills, a commercial real estate consultancy, reaching record levels (11.9 million square meters) in the first half of the year and declining rates of return continue to plague the whole continent.
The supply of new skilled jobs and hence the pressure of new companies on competition in the labor market and wage increases in the region. These are the main advantages of the brownfield conversion in the former sugar refinery settling tanks to a modern industrial park in Kojetín in the Olomouc region. The expected start of construction with a total area of 65,000 square meters should start by the end of next year in the standard course of the approval process.
Lack of land for the construction of industrial properties is facing a number of European states. This is also due to the stronger protection of the landscape and agricultural land. One solution is vertical warehouses. Colleagues from the German branch of BNP Paribas Real Estate collected inspirational examples from around the world.
Panattoni industrial zone builder handed over a special hall to the Czech-Slovak company ViaPharma, which provides distribution primarily to the network of pharmacies Dr. Max. The project was certified as BREEAM 2016 as the greenest logistics building in the Czech Republic.
International logistics provider DACHSER moved to new premises in Ostrava. The new logistics terminal of the DACHSER Ostrava branch in CTPark Ostrava Hrabová has warehouse and administrative premises with a total area of 3,900 m 2 and currently employs 25 people.
Since the First Republic the area of today's Strojírny Cheb has changed several times and after the production of warplanes and technological components it is now preparing for a modern era in the field of e-commerce. The Accolade Group has decided to invest 47 million euros (about 1.2 billion crowns) in the revitalization of this complex, and part of the Cheb engineering works has already been contracted by a major German internet shopping player.
The Colliers International industrial department successfully completed a 3,000 square meter lease transaction for Henniges Automotive, a leading global supplier of technical seals and anti-vibration components for the automotive industry, at the Plaza in Mladá Boleslav.
The Prologis Park Prague-Airport in the Czech Republic has grown into a very exceptional building. This success was confirmed in May 2019 and the sustainability certificate was officially handed to Michal Vrba, Vice President and Director of Project Management in Central and Eastern Europe, and handed over to Shamir Ghumra, Director of BREEAM, on 6 August in Prague.
