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Colliers: Despite the construction boom, there remains a shortage of industrial properties

The Czech industrial real estate market is experiencing a major boom in construction activity in 2023. Although more than 1.5 million m2 are currently under construction, there are few newly completed projects and the vacancy rate remains below 2%. The total supply of modern industrial premises in the Czech Republic increased by only 182,200 m2 during the 3rd quarter of 2023 and amounted to 11.44 million m2 at the end of September. Rents have stabilized after rocketing growth over the last three years and at the end of September they ranged between 7.50 - 7.70 euros per m2 per month for warehouse and 9.50 - 12.50 euros per m2 per month for office space. That's according to a survey by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.

Logicor starts the construction of a logistics complex in Příšovice near Turnovo

Industrial developer Logicor has started the construction of its first regional logistics park in the Czech Republic. The brownfield site in Příšovice is located near the transport networks connecting Prague and Liberec, and now the company will build two warehouses with an area of 20,000 square meters here as part of the first stage. One of the buildings will be ready for cross-dock operations. Completion of the first phase of the Logicor Příšovice complex is scheduled for mid-2024.

Kaufland plans to install a large photovoltaic power plant on the roof of the distribution center in Modletice

The Kaufland chain has announced that it intends to install a large photovoltaic power plant on the roof of its distribution center in Modletice near Prague. It will have an output of 2.2 MWp and is to be installed during 2025.

Dachser is expanding its operations in VGP Park České Budějovice

Logistics provider Dachser Czech Republic has started operations in a new warehouse in VGP Park České Budějovice, which is located in the Světlík industrial zone on the outskirts of the South Bohemian metropolis. The 14,000 square meter building is tailored to the needs of local customers and allows for the storage of 25,000 pallets. In this branch, Dachser will provide contract logistics services, including transport by collection service. 35 new jobs will also be created here.

Amazon's distribution center in Kojetín received BREEAM New Construction certification at the Outstanding level

The building, which is rented by Amazon in Panattoni Park Kojetín, received the highest level of sustainability assessment according to BREEAM New Construction at the Outstanding level. With its floor area of 187,000 square meters, the robotic distribution center thus became the largest building with this level of certification in the Czech Republic. The developer of the project is the company Panattoni, the investor is the Accolade group.

The first building in Panattoni Park Island North is fully occupied

The premises in Panattoni Park Ostrov North have been taken over by the new tenant Conec Elektronische Bauelemente, a sister company of Amphenol Tuchel Industrial. Amphenol has been operating in Ostrava for almost 30 years, and this year it found new production premises in this area. The entire building has an area of 20,000 square meters and, in addition to the companies Amphenol and Conec, part of it, specifically one quarter, is used by the Kokiska online store. The construction of the hall with a number of sustainable elements on the former brownfield site of the Škoda Ostrov company was ensured by the developer Panattoni. The project is financed by the Accolade group.

Q3 2023: Despite slowing demand, a record amount of industrial space is under construction

The Industrial Research Forum reports data on the warehouse and manufacturing real estate market in Q3 2023 · The total supply of modern industrial premises reached almost 11.5 million m2. · Almost 183,000 m2 were newly delivered to the market in Q3 2023 · Demand for industrial space slowed to just 181,700 m2 in Q3 2023 · Speculatively built industrial areas accounted for 41% of the more than 1.4 million m2 now under construction; this share corresponds to the trend of the last three quarters · The vacancy rate decreased by 22 basis points from the previous quarter and remains at a low level of 1.5% · The average highest rent achieved in Prague remained stable and amounted to approximately 7.50 - 7.70 euros per m2 per month

Ostrava Airport has a new terminal for cargo transport

On Friday, October 20, a new terminal for cargo transport named Cargo2 was inaugurated at Ostrava Airport. The hall has an area of more than 4,500 square meters and is connected directly to the check-in area. At the same time, there is sufficient handling area for the arrival and unloading of trucks. The terminal is equipped with technologies enabling the assembly of cargo onto air pallets and containers.

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