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Warehouse Market News

Prologis Park Prague D1 Ostredek keeps growing with new land acquisition

The Prologis park springing up at Ostredek in the Czech Republic represents everything we love about new developments. Watching the first building go up at the site, it’s impossible not to feel excited about opportunities for building new partnerships and business opportunities in one of the country’s most desirable locations.

Q4 2021: Record space under construction, the largest volume of concluded new contracts and falling vacancy

Industrial Research Forum Announces Industrial Market Figures for Q4 2021: Modern industrial stock in the Czech Republic surpassed 9.6 million sq m. Half of the space currently under construction is in the Olomouc, Pilsen and Moravia-Silesia regions. Currently, more than 1,100,000 sq m of A-class warehouse is under construction. In the 4th quarter, almost 480,000 sq m of industrial space was newly leased, surpassing last quarters record-high levels. The vacancy rate dropped by 36 basis points compared to the previous quarter and by 251 basis points compared to Q4 2020. Prague’s average highest achievable rent has again increased to the new level of €6.00 per sq m per month, with a few special offers starting at €7.00 per sq m per month. As of now, prime rents are subject to a further increase in the upcoming months.

CTP will double its premises in Brno. She bought the land from Zetor

The development company CTP has almost doubled its premises in Líšeň in Brno. It bought another 69,000 square meters of the leasable area from Zetor Tractors, which originally owned the complex, so the entire complex will have 150,000 square meters upon completion. The developer informed about it in a press release.

GXO will operate a zooplus distribution center in Bor u Tachova. The technology used emphasizes the environment

Contract logistics provider GXO Logistics has signed a new multi-year contract with zooplus, a pet food and supplement retailer operating in 30 European countries. The contract includes the design, implementation and operation of a new automated distribution center in Bor u Tachova. The new center will enable zooplus AG to meet the growing demand in Central and Western Europe.

Construction of two halls in Panattoni Park Týniště begins

In the fourth quarter of 2021, Panattoni began construction of two halls with a total lease area of 26,000 m2 in a new industrial zone - Panattoni Park Týniště. Half of the first hall with a size of approximately 16,300 m2 was leased by the logistics company CS Cargo, which will start operating the warehouse of the Czech brand of household appliances Concept here. The remaining premises with an area of less than 18,000 m2 are being built by Panattoni in cooperation with the DRFG investment fund on a speculative basis, ie without pre-secured tenants.

Honeywell will build a development center for warehouse automation in Brno

Honeywell will build a research and development testing center for its warehouse automation activities. The site, which will be located on the Honeywell Technology Solutions (HTS) campus in Brno, will help meet the growing demand for building faster and more reliable supply chains.

Logistics transaction of the year? EQT Exeter buys industrial buildings in the Ostrava region

The international real estate company EQT Exeter bought five warehouses and production halls located in two industrial parks in the Ostrava region. Specifically, these are Logistics Park Nošovice and Ostrava Airport Multimodal in Mošnov. The portfolio together includes 140,000 square meters of newly completed premium space and the value of the completed transaction is approximately 150 million euros. The sellers are Concens Investments and J&T, the transaction was mediated by the real estate consulting company CBRE.

CBRE is announcing the largest Czech I&L transaction of the year: CONCENS INVESTMENTS and J&T completes eur 150 mln logistics portfolio sale

CBRE, the world’s commercial real estate leader, advised CONCENS INVESTMENTS and J&T on the sale of 5 logistics halls located in two logistics parks in Ostrava, specifically in Logistics Park Nošovice and OSTRAVA AIRPORT MULTIMODAL PARK in Mošnov. The portfolio consists of 140,000 sqm of brand-new A class logistics premises and the overall transaction value was approximately EUR 150 mln. The portfolio was sold to EQT Exeter, for whom this transaction represented clear evidence of their strong commitment to the Czech market.

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