Through a forward financing structure, Logport Development and Invesco Real Estate have committed to build the Logport Prague West logistics complex with an area of 37,900 square meters, which will be built in a strategic location close to the Prague Ring Road. The transaction was brokered by Cushman & Wakefield. Logport Prague West, whose construction started in September 2022, has already attracted the first tenants who will move in in the summer of 2023. Completion of the entire commercial zone is scheduled for the first quarter of 2024.
During this year, when it celebrated 15 years on the Czech market, the development company Panattoni managed to complete six industrial buildings with a total area of over 243,000 square meters, in which more than 2,400 new jobs were created. The company signed 18 contracts with new clients, which will bring at least 3,500 additional jobs. At the same time, it currently has 11 new halls under construction, occupying 545,000 square meters. Panattoni's largest completed building is Amazon's distribution center in Kojetín, which stands out for its advanced technologies and environmental friendliness.
The CTP company has made significant progress in building the sustainable CTPark Hradec Králové industrial complex. High-quality background for business will help with the development of the entire location and will bring many new opportunities for enriching not only the business environment in the Hradec Králové region.
Pilsen and Ústí nad Labem are due to the proximity of the German border and that they intersect them important highway moves, logistically attractive regions. The P3 industrial developer currently offers almost 40,000 m2 immediately for rent. Another 64,000 m2 can be built to measure.
In the third quarter of 2022, the Czech industrial real estate market grew at the fastest rate in history and increased by a total of 511,100 m2. In the first half of this year, the total supply exceeded 10 million m2 and currently stands at 10.65 million m2. The vacancy rate fell to 0.99%, the lowest number on record during the market's monitoring period.
The RSJ investment group bought part of the land after Poldi Kladno, which was historically famous for the production and processing of steel. After many years of decay, the brownfield will be revitalized into an environmentally sustainable industrial hall with advanced technologies, which will be provided by the industrial developer Panattoni. The new Panattoni Business Park Kladno will consist of two halls with a total size of 88,500 square meters. The investment will bring up to 2,000 new jobs and help with the economic transformation of the area. Demolition and rehabilitation works are scheduled to begin at the end of this year.
Online supermarket Rohlik.cz presented a newly opened warehouse in Chrášťany near Prague. Here, the company launched the AutoStore cubic storage system supplied by Swisslog. Up to 265 robots are deployed in operation, which can handle a total of 44,000 boxes.
The Industrial Research Forum reports data on the warehouse and manufacturing real estate market for Q3 2022
• The total volume of newly completed premises for the 3rd quarter of 2022 exceeded 500,000 m2, making it the largest figure in history. The largest number of completed areas were in the Olomouc and Moravian-Silesian regions.
• The largest project was completed in the Olomouc Region, the new Amazon distribution center.
• Almost 1.2 million m2 of industrial space is currently under construction.
• Vacancy of industrial warehouses and halls decreased again, at the end of the 3rd quarter it was 1%.
• The highest achieved rent in the entire territory of the Czech Republic remained at €7.25 - €7.50 per m2 per month.
