The total offer of modern industrial and logistics real estate (I&L) in the CEE-13 countries is more than 67 million m2. Poland remains the largest market for I&L real estate with more than 30 million m2 on offer, representing approximately 45% of the total supply in the region. For comparison, the total size of the Czech market at the end of March was 11,871,300 m2.
The developer handed over the new hall in Arete Park Zdice for use by the tenant, which is the Czech branch of the international logistics service provider Kuehne+Nagel. The hall will provide space for a logistics center, the so-called cross-dock. The total leasable area of the park in Zdice increased by more than 40%.
Seven years ago, the industrial developer P3 Logistic Parks started the construction of an area for light manufacturing, assembly and logistics on the outskirts of Lovosice. He is now finishing the last building. It will offer 16,000 square meters for rent, which will be available already during the summer holidays.
The industrial developer Panattoni and the chemical company Wacker, in cooperation with the Accolade investment group, ceremonially launched the construction of the Panattoni Park complex in Karlovy Vary. A new industrial park with a built-up area of over 23,000 square meters has begun construction on the northeastern edge of Karlovy Vary, with completion planned for spring 2025.
In Ostrov u Karlovy Vary, in the new industrial park Panattoni Park Ostrov South, construction of a building with an area of 65,000 square meters has begun. The first tenant will be the international production company WITTE Automotive Czechia, which specializes in the development and production of system solutions for the automotive industry. The developer of the project is the company Panattoni, completion is planned for 2025.
They will not be key engine components or indispensable components of wings or weapon systems. If the consortium of Czech companies brings the development to a successful conclusion, it will supply the most modern battleship today with a grid the size of a larger bar of chocolate. A seemingly marginal component, which is supposed to co-create the exhaust of the fuel system of F-35 aircraft, can significantly raise the business and prestige of the Czech aviation industry.
Polish developer 7R is entering the Czech industrial real estate market. A storage hall will be built near the D1 highway in Vysočina for 750 million crowns. In a press release, the company said it had received a building permit. After the planned completion in the third quarter of next year, the building should have an area of 26,000 square meters. The company plans to further expand its activities in the Czech Republic in the future.
The European owner and developer of semi-industrial and logistics real estate VGP started this spring the construction of Hall B in VGP Park České Budějovice, which is located on the outskirts of the South Bohemian metropolis in the Světlík commercial zone. The hall with a total area of approximately 8,700 square meters is designed to meet the needs of dynamic companies looking for small but high-quality warehouse and office space close to the city center.
