The Ostrava City Council approved the plan to build Panattoni Park Ostrava Airport near Leoš Janáček Airport Ostrava. The project aims to attract leading domestic and global companies. It promises investments totaling around 4 billion and a total of up to 2,000 new jobs for the whole region. The builder Panattoni will build on the large existing industrial zone with quality transport infrastructure. Top industrial areas with an area of 115,000 m2 will excel in minimal environmental impact. Construction is scheduled to begin during 2022.
Accolade Industrial Fund continue on their plan to build stability and profitability across its portfolio of modern and environmentally friendly industrial halls. The 85 million transaction that was concluded with the Česká spořitelna bank proves that commercial premises fit for the 21st century are now perceived as the most attractive segment of commercial buildings by important financial institutions. At the same time, the Fund responds to growing interest on the part of qualified investors and, following their debut in the domestic Czech market, are opening a distribution network in neighboring Slovakia, together with the Slovenská sporiteľňa bank.
The CTP Group, one of the five largest logistics developers in Europe and the largest owner and developer of logistics parks in Central and Eastern Europe, has successfully issued a second set of green bonds worth EUR 400 million.
P3 enter into another lease. The logistics company M.Preymesser logistics will rent premises with an area of approx. 11,900 m2 in the P3 Mladá Boleslav park in the local industrial zone. The capacity of the recently expanded park is thus refilled immediately after approval.
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The market of industrial premises in the Czech Republic is resisting the wave of coronavirus. It could even be said that the two waves that are being examined by other commercial real estate sectors make warehouses stronger and more resilient. This is evidenced by almost all indicators used. The international consulting company BNP Paribas Real Estate names trends in the Q3 results that will characterize this sector in the coming months as well.
The pandemic and related measures have had only a limited effect on the rental market for industrial real estate. Especially with regard to the importance of the logistics sector, supply chains and production for the end consumer. In the third quarter, developers and tenants caught up with the impact of the lockdown, and the situation in the fourth quarter will give more impetus to business samples next year.
Czech leaders in the revitalization of brownfields, developer Panattoni and investor Accolade, have begun construction of a new industrial zone in the area of the former Kavalier glassworks in Hostomice near Teplice. Panattoni Park Teplice South will offer facilities for light production, distribution of goods and up to 300 new jobs. The investment for half a billion CZK has the ambition to build on the local history of more than 100 years of glassmaking with modern industrial operations. The first building for the Sanitino sanitary ware dealer will soon be built on the site.
