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Articles - industrial spaces

The speculative construction of the DC3 building in Prologis Park Prague-Chrášťany opens up new opportunities on the Czech logistics market

What characteristics should an ideal logistics property have? At Prologis buildings, customers appreciate their excellent location with easy access to major consumer centers, which provide excellent facilities for last-mile logistics. We also understand that for their continued efficient growth, customers need real estate that precisely matches the specific needs of their business.

CTP and ČEZ Esco are installing photovoltaic power plants on the roofs of logistics halls

The companies CTP and ČEZ Esco have started strategic cooperation in the field of energy and renewable resources. In the following years, they intend to equip the roofs of selected CTParks with photovoltaic power plants. They have already installed the first joint photovoltaic system with a capacity of 2 MW in CTPark Prague East in Nupaky near Prague on the roofs of the halls of the logistics company Raben. Trial operation of this photovoltaic system is currently underway. New power plants are also being built in CT Parks in Chrášťany, Hradec Králové, Brno, Ostrava or Cerhovice.

Colliers: Despite the construction boom, there remains a shortage of industrial properties

The Czech industrial real estate market is experiencing a major boom in construction activity in 2023. Although more than 1.5 million m2 are currently under construction, there are few newly completed projects and the vacancy rate remains below 2%. The total supply of modern industrial premises in the Czech Republic increased by only 182,200 m2 during the 3rd quarter of 2023 and amounted to 11.44 million m2 at the end of September. Rents have stabilized after rocketing growth over the last three years and at the end of September they ranged between 7.50 - 7.70 euros per m2 per month for warehouse and 9.50 - 12.50 euros per m2 per month for office space. That's according to a survey by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.

The interest of manufacturing companies in renting industrial premises in the Czech Republic is growing

Manufacturing companies have a growing share of industrial real estate leases in the Czech Republic. These are gradually replacing the demand from logistics companies or tenants associated with retail, especially e-commerce. In the second quarter of 2023, leases to manufacturers accounted for 60% of the total of 266,443 square meters that were newly contracted. If extended leases are included, the volume of closed lease transactions in the second quarter reached 567,445 square meters, which is 50% more than in the previous quarter. The data result from a fresh analysis by the real estate consulting company 108 Agency.v

ALLLOG Consulting and ICOM transport will become the first tenants of the P3 Plzeň Myslinka park

The first hall of the newly built industrial park in Myslinka near Pilsen already has new tenants and even two. The companies ALLLOG Consulting and ICOM transport have rented units here measuring 6,156 and 3,500 square meters. "From the point of view of industrial development, Pilsen is an attractive location. We were so convinced that we would find suitable candidates for the new location that we started construction speculatively, i.e. without having a confirmed tenant at the time," said Aleš Zacha, Head of Development, P3 Logistic Parks.

Panattoni Park Teplice South is completely full and in full operation

The area of the former glassworks in Teplice has come back to life. Thanks to the successful revitalisation of the brownfield, the modern Panattoni Park Teplice South complex is now fully occupied and fully operational.

P3 Logistic Parks plans to significantly expand its portfolio in the Czech Republic

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.

Logicor strengths its team in the Czech Republic

Industrial developer Logicor responds to increased activity on the Czech market. It is strengthening its local team with two new members who will work under the leadership of Pavel Rufert.

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