Development company P3 Logistic Parks has completed the acquisition of two properties in Ingolstadt and Nuremberg, Germany. Altogether, they have approximately 30,300 square meters of rentable space and are strategically located in attractive locations.
Goodyear, a well-known American tire manufacturer with a 125-year history, will become the first tenant in the new Panattoni Park Cheb East industrial complex.. A well-known American tire manufacturer with a 125-year history, Goodyear, will become the first tenant in the new Panattoni Park Cheb East industrial complex. The strategic location will help the company to streamline its logistics chain and reduce its carbon footprint. The development company Panattoni started the construction of the Cheb area.
The online food retailer Rohlik.cz will open a new distribution center in Ostrava. With this step, the company will not only strengthen its position in the market but also expand its scope in other regions. The company will put its fifth distribution center into operation at the end of October this year.
The Czech industrial real estate market grew by 269,100 m2 in the first half of 2023, reaching almost 11.3 million m2. This is an increase of more than 11% year-on-year. Thus, despite higher interest rates, more complex financing, a slowdown in the economy and fluctuations in industrial production, the local industrial real estate market continues to accelerate its growth, which is currently the highest in the last five years. This is also related to the slight increase in vacancy rates and the stabilization of rent prices. That's according to a survey by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.
Developers, tenants and owners of industrial and storage spaces in the Czech Republic are currently making large-scale investments in their own solar power plants. This trend reflects not only the progressive modernization of the energy sector, but also the turning away from dependence on fossil fuels. As part of this innovative wave, many buildings are undergoing complex technological modifications in parallel, aimed at the overall reduction of energy consumption. The largest rooftop solar power plants to date include the Urbanity Campus Tachov area, which announced an installed capacity of 5 MW and an approximate annual production of more than 5,000 MWh of electricity. This is stated by 108 Agency in its new report.
The building in Panattoni Park Pilsen West II welcomed a new tenant. It is Panasonic Heating & Ventilation Air-Conditioning Czech. The premises of the hall with a total area of over 24,600 square meters will be used for the production and storage of control boards for air conditioning equipment and heat pumps manufactured in the Czech Republic. The project is financed by the AEW Europe group.
Colliers, a provider of commercial real estate and investment management services, has appointed new management for its industrial real estate and investment departments in the Czech Republic. The industrial real estate team has been led by Miroslav Kotek since the beginning of August, and the investment team by Omar Sattar.
In the Kladno-jih industrial zone, the developer Panattoni will build a new hall for Hanon Systems, a Korean manufacturer of parts for air conditioning and cooling systems for cars. The investor of the project is the Accolade group. She bought the entire area with the existing hall, which will undergo modifications. At the same time, Panattoni will build new production premises with an area of more than 20,000 square meters, which Hanon Systems will use to expand its production for new customers.
