The expansion of e-commerce and growing volumes of orders has led the logistics company Andreas Schmid to consider moving to a larger one. The industrial developer P3 will build a new hall for it in P3 Prague D6 near Stochov in Central Bohemia, part of the building will be for rent.
AIA Group Limited (“AIA”; or the “Company”; stock code: 1299) today announces that it has formed a strategic partnership with GLP to invest in the global logistics real estate industry and related opportunities.
The positive long-term trends that are driving the growth of the global logistics real estate sector provide AIA with immense opportunities to diversify its investment portfolio and enhance returns for its customers and shareholders. The partnership will enable AIA to leverage GLP’s investment experience and expertise in this area.
The Czech Republic once again ranked high in the ranking of the 47 countries most suitable for production. Thanks to a good evaluation in all criteria, such as operating costs, labor, political and economic risks or the ability to restart after the coronavirus crisis, it took fifth place worldwide and first in Europe. Since 2016, when the Czech Republic was first included in the Manufacturing Risk Index ranking of the real estate consulting company Cushman & Wakefield, it has regularly been one of the most favorable destinations for the location of production facilities.
The fourth industrial revolution summarizes the changes that have made and are still streamlining and automating processes in the field of transport, production itself or communication through digital technologies. In addition, current technological trends are influenced by the coronavirus pandemic, which in some respects has led to their faster anchoring.
According to Savills, the Czech nationwide industrial vacancy rate declined again and reached a new historic low of 2.4%, after dropping by 89 basis points (bps) since the end of 2020. The volume of new industrial space delivered to the market during H1 2021 was 43% down year-on-year (y-o-y). The total stock of modern industrial premises in the country grew by 192,300 sqm, of which 110,800 sqm were completed in Q2 2021. At the end of June, the total stock stood at 9.3 million sqm.
The new logistics facility located in Prologis Park Moissy 2 south of Paris will become Prologis' first carbon-neutral warehouse, which prevents emissions and reduces and compensates for 100 percent of the impacts associated with construction, operations or maintenance throughout the life of the building. The building is designed without a gas connection. It will use energy-saving elements of its design, roof solar panels, purchased ecological energy and thermal energy stored in the well for heating, cooling and electricity supply.
