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Articles - warehouserentinfo.com

Sázava Logistic Park is fully leased, the investment for one billion will be completed by the developer UDI Group at the beginning of next year

All areas of the Sázava Logistic Park near the Central Bohemian center of Ostředek are leased. For the remaining hall, developer UDI Group signed a lease with forwarding company Emons this month. The first of the halls is already completely finished and in operation, three others are finishing. The entire construction of the area for one billion crowns with roughly 50,000 square meters of industrial space will be completed at the beginning of 2023.

Pilulka Lékárny will use the new warehouse space in VGP Park Olomouc

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 lack of warehouse space in the Czech Republic is at a record high, but there are signs of cooling demand

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.

Prologis is building sports facilities in its Czech logistics parks. The first opens in Rudná u Prahy, the next will be built in Jažlovice

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 Karlovy Vary region, Accolade is planning investments exceeding 6 billion crowns

The Accolade Group is currently investing more than 6 billion crowns in the construction of industrial real estate in the Karlovy Vary Region. Accolade's portfolio now includes two industrial parks near Cheb in the region with a total of five buildings and thirteen tenants. Another three are in preparation or already under construction in Cheb. The group has so far financed the creation of roughly 250,000 square meters of industrial and logistics space in the locality, the value of which is more than 5 billion crowns.

The Czech industrial real estate market is growing at a record rate, according to a study by Colliers

From January to March 2022, industrial developers delivered a record number of new premises to the domestic market. The growth of the market and the recovery of industrial production were not stopped even by outages in the supply chains. The sharp increase in rents across the Czech Republic continued in that quarter. The market for industrial premises will continue to grow, but over the course of the year the full effects of the war in Ukraine will be felt and construction may slow down slightly. A study focused on the industrial real estate market was published by Colliers in the first quarter of this year.

C.S.Cargo opens a distribution center in Panattoni Park Týniště

A part of the new industrial hall with an area of 8,000 square meters was ceremoniously opened in Panattoni Park Týniště in the Rychnov region. The company C.S.Cargo will find the background for the operation of a warehouse for its client, the Czech brand of household appliances Concept. The superstructure over the usual logistics services will be the complete preparation of goods according to the requirements of Concept customers.

Tenant activity in Czech industrial market reaches new peak

According to Savills latest report, 2021 was the best year on record for the Czech industrial market in terms of tenancy activity, despite the low volume of new completions and extremely low vacancy rate. Gross take-up totalled a staggering 2.32 million sqm, being 53% higher than the previous record of 1.55 million sqm seen in 2020. Annual net take-up (excl. renewals) reached 1.48 million sqm, a 46% increase over the former record of 1.01 million sqm registered in 2017, Savills reports.

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