Motor vehicle production in the Czech Republic is coming to life again. A positive signal is not only the year-on-year increase, but also the comparison with the pre-crisis values of 2019. Domestic production of electric vehicles, whose share in total production is currently approaching 10%, is also starting up significantly. At the same time, the automotive industry continues to face a shortage of chips and raw materials, such as plastics and metals, and overall sales across European markets remain about a quarter below pre-crisis levels.
According to BNP Paribas Real Estate, there is historically the lowest vacancy of real estate, a record volume of concluded lease agreements, rising rents and the unprecedented rapid progress and preparation for the construction of new warehouses and production halls. The domestic market of industrial premises is experiencing a euphoric period - the results of the first quarter nevertheless exceeded even the most optimistic expectations.
The tailor-made building itself brings indisputable advantages, especially in the case of innovative companies, whose ambition is to achieve maximum operational efficiency and employee satisfaction. With this in mind, we have created a solution at Prologis Park Prague-Úžice that reflects the needs of the customer CRUSSIS Electrobikes s.r.o., a Czech manufacturer of e-bikes and tricycles. The company's new headquarters is currently under construction and the Prologis team is looking forward to offering the customer a solution that will support their further business.
Historically lowest vacancy, a record volume of concluded lease agreements, growing rents and unprecedentedly rapid progress and preparation for the construction of new warehouses and production halls. The domestic market of industrial premises is experiencing a euphoric period - the results of the first quarter nevertheless exceeded even the most optimistic expectations.
Developer and owner of semi-industrial and logistics properties VGP has started construction of the fifth hall in its logistics park VGP Park Plzeň, which is located in the industrial part of the city of Pilsen - Bručná close to the E49 road and connected to the D5 motorway. On a plot of approximately 10 hectares, it offers almost 50,000 square meters of leasable space suitable for light production, logistics and accompanying commercial activities.
Today, Spaceflow, a tenant experience operating system and Flowbox, an in-building advanced technology management company, announce their partnership. Through their common product offering, Flowbox and Spaceflow help landlords and building operators with their ESG (Environmental, Social and Governance) goals. With FLOW, real estate companies can monitor energy consumption, occupancy, air quality, temperature, CO2 levels, humidity and in later phases, control and automate their building hardware in one platform. Real-time data helps owners and managers optimize operations, streamline the use of energy sources, reduce operating costs and be guided through investment decisions.
How should the cooperation between the industrial developer and the client take place in the case when a tailor-made logistics hall is built? At the very beginning of the whole process, it is necessary to formulate in detail the requirements of the client for the future object. This is, among other things, a precise definition of the nature of the operation, from which the specifications of the building are derived.
Colliers Czech Republic, the world's leading company in the field of commercial real estate services and investment management, was behind the expansion of the Tchibo distribution center in the Panattoni Park Cheb industrial zone, which was agreed upon by Panattoni and Tchibo in the first quarter of 2021. with a total area of 102,200 m2, this hall became the second largest in the Czech Republic. It thus ranked second in the imaginary ranking behind the Amazon distribution center at Panattoni Park Prague Airport near Dobrovíz in Central Bohemia. The modern hall is financed and the Cheb industrial zone is owned by the investor Accolade.
