The acquisition of two logistics companies in half a year was carried out by the company DSV in North America. The local market is quickly adapting to the recovery in logistics. The three countries of the region, i.e. USA, Canada and Mexico, benefit from rich resources of raw materials and a wide transport network. The region is slowly building on its automotive history and welcoming concerns leaving China. According to the DSV, the only thing missing from the strategic plans is the willingness of municipalities to build on brownfields.
Construction work on the joint project of the development group Garbe Industrial Real Estate CEE and the investor Progresus started in April this year. The Garbe Park Chomutov II industrial hall with a total leasable area of almost 21,000 square meters, which will be built by the end of the year, is currently 73% leased.
In the first quarter of 2023, a total of 217,900 square meters of warehouse space was completed in 18 industrial parks across the Czech Republic. This volume represents a 25% increase over the previous quarter. However, compared to the same period last year, there was a decrease of 26%. At the time of completion, approximately 83% of these projects were already pre-leased. The total area of modern industrial premises intended for rent reached the limit of 11 million square meters.
A sustainable industrial building was built on the grounds of CTPark Prague West in Chrášťany u Prahy, which received a record score of 92.1% in the BREEAM New Construction ecological certification at the Outstanding level. It thus became the "greenest" industrial building in the Czech Republic. The hall has a whole series of innovative solutions contributing to energy efficiency, there is no shortage of facilities to support the local fauna, rich greenery or charging stations for electric cars.
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.
CTP, the largest developer in the Czech Republic focused on the sustainable construction of industrial and logistics properties, acquired an industrial complex from Bluehouse Capital earlier this year on a plot of land with a total area of 330,000 sqm in the city district of Ostrava – Hrušov. In addition to the existing first phase of 18,000 sqm, which already has three tenants, the developer plans to build another 76,000 sqm of industrial-logistics space. The warehouse will be built in the revitalized area of the former chemical plants with a total area of 94,000 sqm and will become the largest in the Czech CTP portfolio.
International demand is driven by green technologies related to energy saving. The times when the Czech Republic was oriented towards warehouses and assembly plants are slowly but surely beginning to change. Only recently have a number of plants been built that are related to the transformation of energy and transport. The automotive industry is starting to move towards electromobility, and companies producing heat pumps and components for photovoltaics are also starting to invest amounts in the order of billions in production here.
