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Warehouse Market News

Raiffeisen Investment Company has bought two buildings into its real estate fund

Raiffeisen Investment Company has bought additional properties for Raiffeisen real estate fund. These are two industrial halls at Nýřany in the Plzeň area. The value of the transaction exceeds CZK 600 million.

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They opened a logistics hall in Nové Mesto nad Váhom

The industrial and logistics complex in Nové Mesto nad Váhom has been extended with a new hall. Arete Invest's investment in the Central and Eastern European Central Warehouse for an international fashion store network has reached nearly € 12 million. The new tenant will create more than 100 jobs there.

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American giant TPG has bought Czech warehouses and production halls

May 26, 2019 - American investment firm TPG Capital bought a majority stake in the portfolio of modern warehouses and production halls of the Czech developer Contera. The value of real estate sold is 2.4 billion crowns, wrote E15 daily with reference to Contera. At the same time, TPG and Contera have set up a joint venture to acquire and build other projects in Central Europe.

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CPI Park Mlynec has a building permit for the new Eissmann hall

CPI Park Mlynec extends its tenant range to Eissmann, a global manufacturer of state-of-the-art high-quality leather components. In the first half of 2020, the fully air-conditioned production hall will produce interior accessories for premium car brands such as Aston Martin, McLaren, Porsche and many others. It will bring 150 new jobs to the region.

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The Accolade Fund expands its investment portfolio in Poland. It takes over 57,000 square meters of space in Lublin and Kielce, with ten years' rent

The Accolade Fund, the fastest growing real estate fund in the Czech Republic, expands its portfolio of managed areas by another 57,000 m 2 in Poland. Lublin took over in the final phase of construction on the size of 20,000 square meters and the total here and has 74,000 m 2 of rented space. In Kielce, there are 37,000 m 2 in the fund and this is the first phase of the project, which will reach 73,000 m 2 . Tenants who have a contract for up to 10 years are companies such as Raben, Laboratoria Natura, Vive or Multivac.

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Clothing company ends in Svidnik with production, instead of being a logistics warehouse

Clothing company ICA, sro ends in Svidník with production. At the end of February, she announced mass redundancies, where about a hundred people came to work.

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The proportion of speculative construction of warehouses is growing. Since 2010, it is at record value. Vacancy increased slightly, but is still very low

The Czech market for modern industrial and warehouse property reached a total area of ​​7.97 million m 2 at the end of the first quarter of 2019 . The Prague industrial market has exceeded the magical milestone of 3 million m 2 , confirming its position as the largest industrial market in the country. This is followed by the Pilsen and South Moravian markets.

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Construction in 2019 will grow by only 2.8%, no one has to execute orders

The Czech construction industry is running out of capacity and hampers the previous rapid growth of last year. According to construction company directors, they will only increase their performance by 2.8 percent in 2019, with a further slowdown to 1.3 percent next year.

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