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Warehouse Market News

Storage costs are increasing worldwide, and in Prague the increase is enormous

Demand for industrial and logistics space has increased over the past year, also as a result of the pandemic. Average storage costs in 52 global markets rose by 8.4% between June 2021 and June 2022, according to Savills. In Prague, these costs even increased by 35.8%.

Fielmann will occupy 30,000 square meters in GARBE Park Chomutov

GARBE, Industrial Real Estate CEE, specialist in logistics and industrial real estate, has signed a future contract with Fielmann for the occupation of approximately 30,000 square meters in GARBE Park Chomutov. The German company plans to create a highly automated production and supply center worth EUR 65 million here. The investment is part of the Fielmann Group's strategic program to improve delivery times and product availability, increase profitability while reducing costs and carbon footprint. The contract will be signed for 15 years. Complete construction completion is planned for the first half of 2023.

Industrial real estate vacancy rates are falling to historic lows

In the second quarter of this year, the total leasable area of modern warehouse and industrial premises in the Czech Republic reached 10.15 million square meters. Despite the fact that 153,000 square meters of new premises were delivered to the market, which is an increase of 35% compared to the second quarter of last year, the vacancy rate fell to 1.0%, while in the Prague and surrounding region it remained at the level of 0.5% .

Sázava Logistic Park is fully leased, the investment for one billion will be completed by the developer UDI Group at the beginning of next year

All areas of the Sázava Logistic Park near the Central Bohemian center of Ostředek are leased. For the remaining hall, developer UDI Group signed a lease with forwarding company Emons this month. The first of the halls is already completely finished and in operation, three others are finishing. The entire construction of the area for one billion crowns with roughly 50,000 square meters of industrial space will be completed at the beginning of 2023.

Refrigeration technology supplier Tefcold will be a tenant in the P3 Ostrava Central park

Developer P3 Logistic Parks leased additional premises in its Ostrava park. In the heart of the industrial metropolis of the Moravian-Silesian region, P3 will welcome the company Tefcold, which is engaged in the distribution of cooling, freezing and heating technology. The premises will be ready for occupancy at the beginning of next year.

Panattoni Park Ostrov reports full occupancy of the first hall even before the construction is completed

Spaces are no longer available in the newly built Hall B in Panattoni Park Ostrov North. The remaining part of it will be used for expansion by the manufacturing company Amphenol Tuchel Industrial and also by the e-commerce company Kokiska.

Pilulka Lékárny will use the new warehouse space in VGP Park Olomouc

Developer VGP concluded a lease agreement with Pilulka Lékárny for 4,479 square meters of warehouse space in the newly completed hall "I" in VGP Park Olomouc. The company, which is one of the largest pharmaceutical groups in the Czech Republic and Slovakia, will use the warehouse in Olomouc to supply customers in several regions: Brno, Ostrava, Olomouc and Prostějovsk. The new premises were realized at the level of BREEAM Very Good environmental certification.

The first two halls of the new park in Myslinka near Pilsen will be built speculatively by P3. The D5 motorway and the railway terminal for container transport are nearby

The developer and manager of industrial buildings P3 Logistic Parks has started the speculative construction of two new halls in the P3 Plzeň Myslinka park. The first two of the five planned buildings will occupy an area of roughly a quarter of the park's total area. Construction will meet strict sustainable standards. Tenants from the fields of logistics, light manufacturing or retail will come in handy here.

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Jana Hrda

+42 191 916 4778

Tereza Matejkova

+42 021 001 2566


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