Construction work on the joint project of the development group Garbe Industrial Real Estate CEE and the investor Progresus started in April this year. The Garbe Park Chomutov II industrial hall with a total leasable area of almost 21,000 square meters, which will be built by the end of the year, is currently 73% leased.
In the first quarter of 2023, a total of 217,900 square meters of warehouse space was completed in 18 industrial parks across the Czech Republic. This volume represents a 25% increase over the previous quarter. However, compared to the same period last year, there was a decrease of 26%. At the time of completion, approximately 83% of these projects were already pre-leased. The total area of modern industrial premises intended for rent reached the limit of 11 million square meters.
Arete Group's third fund focused on industrial and logistics assets in the region of Central and Eastern Europe completed the purchase of a production hall near Milovice in Central Bohemia. The long-term tenant of the building will be AAS Automotive, which specializes in the production of longitudinal and transverse roof racks.
A sustainable industrial building was built on the grounds of CTPark Prague West in Chrášťany u Prahy, which received a record score of 92.1% in the BREEAM New Construction ecological certification at the Outstanding level. It thus became the "greenest" industrial building in the Czech Republic. The hall has a whole series of innovative solutions contributing to energy efficiency, there is no shortage of facilities to support the local fauna, rich greenery or charging stations for electric cars.
The industrial developer P3 Logistic Parks is planning massive investments in the domestic portfolio this year. He is interested in land and already functioning parks in attractive locations. It could thus expand its portfolio by tens of thousands of square meters, which in the future will serve tenants from the areas of logistics, light manufacturing, retail or e-commerce.
The developer and owner of logistics real estate VGP concluded a lease agreement with Dachser Czech Republic for the lease of new premises in VGP Park České Budějovice. The new hall with a size of 14,000 square meters will be realized directly to the Dachser company. The estimated date of completion and handover of the premises for use is this October. Currently, the company has rented an existing hall with a total area of 9,424 square meters on the premises, and is thus expanding its operations in the same location with the new building.
CTP, the largest developer in the Czech Republic focused on the sustainable construction of industrial and logistics properties, acquired an industrial complex from Bluehouse Capital earlier this year on a plot of land with a total area of 330,000 sqm in the city district of Ostrava – Hrušov. In addition to the existing first phase of 18,000 sqm, which already has three tenants, the developer plans to build another 76,000 sqm of industrial-logistics space. The warehouse will be built in the revitalized area of the former chemical plants with a total area of 94,000 sqm and will become the largest in the Czech CTP portfolio.
