Developer VGP concluded a lease agreement with Pilulka Lékárny for 4,479 square meters of warehouse space in the newly completed hall "I" in VGP Park Olomouc. The company, which is one of the largest pharmaceutical groups in the Czech Republic and Slovakia, will use the warehouse in Olomouc to supply customers in several regions: Brno, Ostrava, Olomouc and Prostějovsk. The new premises were realized at the level of BREEAM Very Good environmental certification.
The developer and manager of industrial buildings P3 Logistic Parks has started the speculative construction of two new halls in the P3 Plzeň Myslinka park. The first two of the five planned buildings will occupy an area of roughly a quarter of the park's total area. Construction will meet strict sustainable standards. Tenants from the fields of logistics, light manufacturing or retail will come in handy here.
The Czech fulfillment provider Mailstep offers its services for up to 75 new online marketplaces across Europe. This happens thanks to its integration with the international e-commerce platform BaseLinker.
The offer of vacant warehouses and production premises in the Czech Republic has fallen to the limit of just one percent vacancy. The second quarter of this year also went down in the history of the domestic real estate market with the largest lease to date within a single industrial hall: in Panattoni Park Cheb, an undisclosed distribution company leased a total of 233,698 square meters of warehouses and offices. At the same time, the threshold of 10 million square meters of modern industrial space for rent was exceeded in the Czech Republic at the beginning of June.
In the second quarter of this year, the total area of modern industrial premises for rent in the Czech Republic increased to 10.14 million square meters. A total of 146,600 square meters of warehouse space in 15 industrial parks was completed. Compared to the same period of the previous year, this is a 16% increase and a quarter-on-quarter decrease of 51%. At the time of its completion, approximately 90% of the projects were already pre-leased. Data on the warehouse and manufacturing real estate market for the second quarter of 2022 was announced by the Industrial Research Forum (IRF).
The developer of industrial and commercial real estate CTP continues to build photovoltaic power plants (PVE) on the roofs of industrial-logistics halls in its CTParcs. The installation of all solar-ready roofs in CTP's Czech portfolio is part of the company's long-term strategy to create sustainable industrial parks through solutions that will ensure their energy self-sufficiency in the near term and create so-called islands of sustainability.
As part of our PARKlife™ initiative, we build outdoor spaces for exercise, relaxation and rest at all our parks. More opportunities are now coming for people working at our Czech parks, with two new five-a-side football pitches being built in Prologis Park Prague-Rudná and Prologis Park Prague D1 East, and a BBQ space also implemented by the pitch in Prague-Rudná.
In the period from April to the end of June, offices, warehouses and retail properties worth 260 million euros changed hands in the Czech Republic. Compared to the first quarter with a result of 917 million euros, this is a decrease in total value - but the trend in the number of real estate transactions is the opposite. There were 18 of them in the monitored period, compared to 13 in the first quarter. During the first half of this year, the volume of investments increased by 48 percent year-on-year to 1.18 billion euros. The real estate consulting company 108 Agency published these results in its current press release.
