The Hungarian industrial and logistics real estate market has been steadily closing the gap with the Czech market in recent years, particularly in terms of leasing activity. While the two countries differ significantly in total supply and vacancy levels, leasing volumes in Hungary are now broadly comparable to those in the Czech Republic.
Global logistics leader Kuehne+Nagel has taken over a newly completed industrial facility within the Panattoni Business Park Prague Airport II, located in Pavlov, just a few minutes from Václav Havel Airport Prague. This move further strengthens the company’s contract logistics capabilities in the Czech Republic.
The industrial and logistics real estate market is changing faster than ever. Companies today are no longer focused only on “where to store goods,” but increasingly on how to operate flexibly and efficiently in a constantly evolving environment.
A significant real estate transaction has taken place in Prague’s wider city center. A former industrial site of approximately 37,000 m² located in the Spojovací area in Prague 3 has been acquired by a joint venture between developers Logport and J&T Real Estate.
The transaction was facilitated by the advisory company Colliers.
Logistics company Dachser Czech Republic is expanding its capacity in the Czech Republic. In a newly developed logistics park near Pohořelice, close to Brno, the company will lease approximately 9,000 m² of warehouse space, becoming the first tenant of the Garbe Park Brno South project.
Primoco UAV is planning a significant expansion of its production capacity. In Písek, the company will build a new manufacturing plant with an investment of approximately CZK 750 million. The project aims to respond to the growing demand for unmanned aircraft and to strengthen the company’s production and technological capabilities.
Logicor is one of Europe’s leading owners, managers, and developers of logistics real estate. The company has been active in the Czech Republic since 2021 and has successfully delivered three modern industrial and logistics parks in that time. We spoke with Pavel Rufert, Country Director for the Czech Republic, about strategy, market trends, and future plans.
Commercial real estate investments across Central and Eastern Europe (CEE) skyrocketed by 34% last year, reaching a six-year high of €11.8 billion. The Czech Republic led this impressive growth with a staggering 155% increase in transaction volume. For businesses seeking prime office or warehouse spaces, CEE, and particularly Czechia, presents unparalleled opportunities.
