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Articles - industrial spaces

Real estate in the world after the pandemic: why they will once again become a bright star in the investment sky

While the current pandemic situation has accelerated the development of e-commerce, retail parks in the CEE region have shown resilience to the constraints of traditional brick-and-mortar retail. Last year, they were among the more profitable types of real estate. In addition, interest in investing in them is growing. Retail parks have higher operational flexibility, in essence it is an open, partly outdoor shopping concept, the advantage is their location with good accessibility for shoppers with a spacious parking lot. The design and area of the stores in them adaptability to the requirements of retailers using the omnichanne model of sales.

The Australian fund Cromwell completes EUR 113 mln Arete portfolio buy

The fund from the domestic real estate company Arete sold a package of warehouses and production halls across the Czech Republic and Slovakia. The transaction also included, for example, the European logistics headquarters of the C&A clothing chain in Nové Mesto nad Váhom. The price exceeded 113 million euros, which is almost three billion Czech crowns according to the current exchange rate. The buyer is the Cromwell European Real Estate fund from the Australian Cromwell Property Group.

Petr Narwa: The pandemic has disrupted the income of real estate investors

Petr Narwa, Head of Transaction & Consulting Services at Prochazka & Partners, who has long been involved in commercial real estate and investment services, answered the interview. What does Petr say about the current situation in the market, where tenants are currently trying to save as much as possible and where the pandemic has disrupted the income of real estate investors?

CTP expands into Western markets: it is preparing an investment of 8 billion Czech crowns in the Netherlands

Originally a Czech company, CTP, one of the top five real estate developers in Europe, is expanding its network of CTParks to the Netherlands. The company, which Remon Vos founded in Humpolec in 1998, has now appointed new management in the Netherlands and recently committed to invest 300 million euros (less than 8 billion Czech crowns) in the country after the recent announcement of its intention to list Euronext Amsterdam with its shares.

Thanks to excellent conditions, Ostrava is experiencing a boom in the construction of industrial halls and warehouses

Most industrial developers have received building permits for large industrial halls or warehouses in Ostrava and its surroundings. Almost three-quarters of a million m2 of industrial real estate will now appear here. This is a consequence of the fact that the Moravian-Silesian Region and the City of Ostrava, within the framework of reclamation, support the establishment of logistics and storage zones also on the territory of former industrial areas, in which production no longer takes place today.

Investors' appetite and the amount of their available capital for investment acquisitions remain high

According to the latest Savills report, the volume of investments in commercial real estate in the Czech Republic in the second half of 2020 amounted to 797 million euros, with 60% (ie 478 million euros) of these investments related to Prague real estate.

A new C.S.Cargo distribution center for the European feed manufacturer Partner in Pet Food is being established in Planá nad Lužnicí

C.S.Cargo is preparing a distribution center for the European pet food manufacturer Partner in Pet Food in Planá nad Lužnicí, South Bohemia. The center with a storage area of over 18,000 m2 can hold up to 26,000 pallets and will be served by the latest technology. The planned date of commencement of operations is June 1, 2021.

Cheb distribution centre for Real Digital won Best of Reality 2020 Award

After being named the most environmentally friendly industrial building in the world. The revitalized area of the former Cheb machinery was awarded the Best of Realty 2020 in the Industrial and Warehouse buildings category. Mainly thanks to the sustainable construction on the brownfield using modern technologies and recycled materials. The jury also appreciated the unique rainwater management. Many thanks to our lead partners from Panattoni for the perfect project development.

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