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Warehouse Market News

Developers in the Czech Republic plan to build nearly seven million square meters of industrial space

What unites Karlovy Vary, South Bohemia, Liberec and Ústí Region from the point of view of industrial real estate developers? It is not the lowest offer and construction activity in the long term, on the contrary. According to the analysis of the real estate consulting company 108 Agency, it is precisely in these four regions that, in relation to their existing volume, the most new warehouse and production spaces should be added in the coming years. In total, consultants in the Czech Republic have mapped development plans, the floor area of which exceeds 6.8 million square meters and are in various stages of approval and preparation - from assessing the impact of projects on the environment, zoning decisions or building permits to the first implementation works. 54% of the planned projects together belong to the trio of developers CTP, Panattoni and Prologis.

CTP will receive a hundred million loan to finance the plan for the use of solar energy

Industrial developer CTP will receive €200 million in funding from the European Investment Bank (EIB). These will be used to implement an extensive program of installing photovoltaic panels in the portfolio of CTP business parks.

Yusen Logistics (Czech) becomes a logistics partner of Mondi Štětí and together they start the operation of a new warehouse

In August 2023, Yusen Logistics (Czech) s.r.o. started cooperation with Mondi Štětí a.s. The partnership was confirmed in September by handing over the symbolic key to the new warehouse building in the area of the P3 Lovosice park.

Shape Corp. starts production in industrial zone Panattoni Park Pilsen West II

One of the leading manufacturers of components for the automotive industry Shape Corp. starts production in a new facility with total area of 36 400 square meters. The industrial complex, which was built by the development company Panattoni, was created on the brownfield site, where used to be coal mines. Shape Corp. moved here from the Borská pole to expand its production capacity. The company is a major employer in the Pilsen region and the new plant will employ up to 700 people.

P3 Logistic Parks takes over two logistics halls in Bavaria

Development company P3 Logistic Parks has completed the acquisition of two properties in Ingolstadt and Nuremberg, Germany. Altogether, they have approximately 30,300 square meters of rentable space and are strategically located in attractive locations.

The world's leading tire manufacturer Goodyear is moving to a modern distribution center in the Czech Republic. The new Panattoni Park Cheb East is already under construction

Goodyear, a well-known American tire manufacturer with a 125-year history, will become the first tenant in the new Panattoni Park Cheb East industrial complex.. A well-known American tire manufacturer with a 125-year history, Goodyear, will become the first tenant in the new Panattoni Park Cheb East industrial complex. The strategic location will help the company to streamline its logistics chain and reduce its carbon footprint. The development company Panattoni started the construction of the Cheb area.

Rohlik.cz will expand its service to other locations by opening a new warehouse in Ostrava

The online food retailer Rohlik.cz will open a new distribution center in Ostrava. With this step, the company will not only strengthen its position in the market but also expand its scope in other regions. The company will put its fifth distribution center into operation at the end of October this year.

The Czech industrial real estate market grew the fastest in the last 5 years in the 2nd quarter

The Czech industrial real estate market grew by 269,100 m2 in the first half of 2023, reaching almost 11.3 million m2. This is an increase of more than 11% year-on-year. Thus, despite higher interest rates, more complex financing, a slowdown in the economy and fluctuations in industrial production, the local industrial real estate market continues to accelerate its growth, which is currently the highest in the last five years. This is also related to the slight increase in vacancy rates and the stabilization of rent prices. That's according to a survey by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.
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