The third fund of the ARETE Group focused on quality industrial and logistics assets in the region of Central and Eastern Europe completed in July the acquisition of a production and storage facility near Beroun, 20 km from Prague. This is the acquisition of a complex used for the production and storage of the Czech company Hronovský s.r.o., which was founded in 1990 and is one of the leaders in the field of cable assembly production, machining on CNC machines, pressing of plastic components and assembly of mechatronic components. The financial volume of the transaction exceeded almost EUR 10 million.
The Gefco branch in Cologne is now completely illuminated by modern, highly efficient LED technology. The investment of 5.5 million crowns was made by the company in two stages in 2019 and 2020. The exchange of technology was reflected in the year of the end of the investment, namely a 78% saving in energy consumption for lighting. The investment is part of Gefco's sustainability strategy. The next step should be the installation of solar panels in the storage areas of the Cologne branch.
The Central European area still has the potential to grow logistics. Gebrüder Weiss is convinced of this, which continues to develop its branch network in Central Europe. The company is expanding its logistics facilities in the Czech Republic and Slovakia and plans to develop Home Delivery services in Hungary.
According to Colliers, CEE markets continue to feel some impact on transactional activity with flow volumes down ca. 22% year-on-year. Poland captured more than half of all invested capital in the first half of the year. Colliers estimates for 2021 that year-end volumes will remain between €10-11 billion.
Ecologistics, a 3PL company operating in the Czech Republic since 2017, has been expanding recently on the Czech property market, leasing in total 63,300 sqm of Class A commercial space in 4 industrial parks in Prague-West and in Pilsen-Stenovice from Prologis, GLP and Logicor. Ecologistics serves global e-commerce companies whose goods have been delivering to customers in the Czech and Slovak Republics as well as in Germany. The distribution centre in the Czech Republic was the second logistic hub Ecologistics opened in Europe after having entered the UK market. The firm has so far built a robust logistic framework across Western Europe, currently leasing premium logistics space also in Germany, France, Spain and Italy.
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Czech online grocer Rohlik has signed a long-term lease for 12,000 sqm in CTPark Bucharest North. The company will start delivering goods directly from the complex in H1 2022.
Czech real estate investment manager Reico IS ČS (part of the Erste banking group) has acquired Panattoni Park Tychy DC1 on behalf of its ČS Nemovitostní Fond (ČS Real Estate Fund) for an undisclosed sum.
