The total supply of modern industrial premises in the 1st quarter of 2024 reached 11.87 million square meters. The demand for industrial premises slowed down, the gross realized demand reached only 160,400 square meters. At the end of the first quarter, almost 0.92 million square meters of industrial space was under construction in the Czech Republic. The vacancy rate increased by 28 basis points from the previous quarter to 2.0%. The average highest rent achieved in Prague remained stable at approximately EUR 7.50 - 7.70 per square meter per month.
European owner, manager and developer of semi-industrial and logistics real estate VGP has published its annual report, including its 2023 Corporate Social Responsibility Report, which focuses on the group's continued achievements in sustainable development in line with the Paris Agreement. The VGP's GHG reduction targets have been endorsed internationally by the SBTi initiative. Last year, the VGP Group achieved significant savings of 2,054 tons of carbon dioxide emissions.
The international logistics provider Dachser, the climate protection organization myclimate and the children's rights protection organization terre des hommes have agreed on a long-term cooperation. Dachser and non-profit organizations around the world will jointly launch new projects in the field of climate protection and support for children and young people.
QR codes are currently booming. You can find them practically everywhere: on information posters, advertising flyers and tickets to cultural events. In addition, a number of restaurants have started placing them on tables for contactless menus and payments during the covid-19 pandemic. Anyone who knows the use of QR codes from practice knows how fast it is to scan and retrieve information from them. Thanks to this, they have spread from customers to industries, including construction. Adam Heres Vostárek, an expert on the digitization of processes in the construction industry from the company PlanRadar, explains how this technology can be effectively used in construction and real estate management.
In the world of industrial real estate, there is a significant shift towards sustainable and energy efficient solutions. One of the main trends is green construction, which brings a number of advantages for both investors and the environment. A key aspect of this transformation is moving away from dependence on Russian gas and moving to alternative energy sources such as heat pumps. This proved to be an effective solution for covering heat consumption in warehouses and halls, especially in the logistics sector.
Developer P3 Logistic Parks will offer an atypical hall next year that can accommodate an entire train set. The P3 Lovosice Cargo project was designed for transshipment between road and rail transport, which represents an interesting opportunity in the context of strong pressure to reduce emissions in supply chains, according to the company.
VGP, the European owner, manager, and developer of semi-industrial and logistics real estate, is beginning construction of additional warehouses B and C at VGP Park Ústí nad Labem City soon after the first building has been put into operation. Building B is being prepared for the major Czech logistics company RTR – TRANSPORT A LOGISTIKA s.r.o. The company will lease 10,787 m2 of warehouse and office space from the total of more than 29,000 m2. The new hall will be developed to BREEAM Very Good green certification. Completion is planned for the 4th quarter of this year.
In the increasingly fierce competition with Poland, Slovakia or Hungary for the construction of industrial sites, including those of the strategic gigafactory type, the Czech Republic can shoot itself in the foot. In the Chamber of Deputies is a proposal for an amendment to the law of the Ministry of the Environment, which is to prohibit the construction of warehouses, shops and solar power plants on the highest quality agricultural land. Although the regulation does not explicitly mention production facilities, they cannot do without warehouse space and the tightening would also affect them. None of the countries of the European Union has such strict regulation
