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Articles

Demand for warehouses in the Czech Republic is record high, developers have started massive construction

Clients' interest in new industrial premises in the Czech Republic continued to grow significantly last year. Thanks to high demand, which reached a record 2.39 million square meters in gross terms for the whole of last year, the vacancy rate for industrial premises fell to 1.63%, which is a historic low. The result was also affected by the lower volume of completed industrial properties due to the impact of anti-pandemic measures. However, this changed at the end of the year, when up to 800,000 square meters of industrial space were under construction. The acute need to feed the tenants' enormous demand is also evidenced by the fact that the share of speculative construction has increased again after a longer period of time.

DATART will expand its warehouse in Horní Počernice

This year, the Czech electrical retailer DATART will expand the existing warehouse area in Horní Počernice to 50,000 square meters. Thanks to the increased stock capacity of large household appliances and televisions, the electrical retailer will offer its customers an even greater selection of goods with immediate availability.

U.S. logistics giant GXO lands at CTPark Bor

CTP, the largest listed logistics and industrial developer and operator by gross lettable area (GLA) in the EU, is constructing a 60,000m2 unit at CTPark Bor for U.S. sector giant GXO Logistics Inc, which has taken a lease on the property in this fast-expanding transport hub close to the western Czech/German border and the main highway linking Prague to Germany’s southern industrial heartland. The GXO facility will serve as automated fulfilment centre for zooplus, Europe’s leading retailer of online pet food and accessories and brings the CTPark Bor to full capacity, which at 616,000 m2 of GLA is the second largest in CTP’s total 7.1 million m2 portfolio and its largest in the Czech Republic.

PKZ Logistics enters Prologis Park Brno

Bratislava-based PKZ Logistics has leased 6,160 sqm in Prologis Park Brno.

Interview: Jiří Zita: "As the first industrial developer, we have introduced BREEAM New Construction certification at the Excellent level into our standard"

We have prepared an exclusive interview with Jiří Zita, Director of the Panattoni Europe Commercial Department in the Czech Republic, for Skladinfo.cz readers. What transformation projects are they currently working on and how has the Covid-19 pandemic affected industrial space construction and demand?

Prologis Park Prague D1 Ostredek keeps growing with new land acquisition

The Prologis park springing up at Ostredek in the Czech Republic represents everything we love about new developments. Watching the first building go up at the site, it’s impossible not to feel excited about opportunities for building new partnerships and business opportunities in one of the country’s most desirable locations.

Q4 2021: Record space under construction, the largest volume of concluded new contracts and falling vacancy

Industrial Research Forum Announces Industrial Market Figures for Q4 2021: Modern industrial stock in the Czech Republic surpassed 9.6 million sq m. Half of the space currently under construction is in the Olomouc, Pilsen and Moravia-Silesia regions. Currently, more than 1,100,000 sq m of A-class warehouse is under construction. In the 4th quarter, almost 480,000 sq m of industrial space was newly leased, surpassing last quarters record-high levels. The vacancy rate dropped by 36 basis points compared to the previous quarter and by 251 basis points compared to Q4 2020. Prague’s average highest achievable rent has again increased to the new level of €6.00 per sq m per month, with a few special offers starting at €7.00 per sq m per month. As of now, prime rents are subject to a further increase in the upcoming months.

CTP will double its premises in Brno. She bought the land from Zetor

The development company CTP has almost doubled its premises in Líšeň in Brno. It bought another 69,000 square meters of the leasable area from Zetor Tractors, which originally owned the complex, so the entire complex will have 150,000 square meters upon completion. The developer informed about it in a press release.

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