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Warehouse Market News

Czech industrial vacancy rate falls to lowest level ever recorded

According to Savills, the Czech nationwide industrial vacancy rate declined again and reached a new historic low of 2.4%, after dropping by 89 basis points (bps) since the end of 2020. The volume of new industrial space delivered to the market during H1 2021 was 43% down year-on-year (y-o-y). The total stock of modern industrial premises in the country grew by 192,300 sqm, of which 110,800 sqm were completed in Q2 2021. At the end of June, the total stock stood at 9.3 million sqm.

STILL works on an intralogistics project of the future

When driverless trucks (AGVs) move around warehouses or production halls, they become real data collectors. Data that can be deleted immediately. "It's a huge waste," says Bengt Abel, ARIBIC project manager at Still. The international research project ARIBIC (Artificial Intelligence-Based Indoor Cartography) shows methods by which this valuable information can be used to advantage.

Developer Prologis starts to build carbon-neutral warehouses. The first will grow south of Paris

The new logistics facility located in Prologis Park Moissy 2 south of Paris will become Prologis' first carbon-neutral warehouse, which prevents emissions and reduces and compensates for 100 percent of the impacts associated with construction, operations or maintenance throughout the life of the building. The building is designed without a gas connection. It will use energy-saving elements of its design, roof solar panels, purchased ecological energy and thermal energy stored in the well for heating, cooling and electricity supply.

Arete buys in Beroun for EUR 10 mln

The third fund of the ARETE Group focused on quality industrial and logistics assets in the region of Central and Eastern Europe completed in July the acquisition of a production and storage facility near Beroun, 20 km from Prague. This is the acquisition of a complex used for the production and storage of the Czech company Hronovský s.r.o., which was founded in 1990 and is one of the leaders in the field of cable assembly production, machining on CNC machines, pressing of plastic components and assembly of mechatronic components. The financial volume of the transaction exceeded almost EUR 10 million.

Investment in LED lighting reduces Gefco's electricity consumption by 78%

The Gefco branch in Cologne is now completely illuminated by modern, highly efficient LED technology. The investment of 5.5 million crowns was made by the company in two stages in 2019 and 2020. The exchange of technology was reflected in the year of the end of the investment, namely a 78% saving in energy consumption for lighting. The investment is part of Gefco's sustainability strategy. The next step should be the installation of solar panels in the storage areas of the Cologne branch.

Gebrüder Weiss significantly strengthens logistics in Central Europe. It expands its warehouses and plans to develop B2C transports

The Central European area still has the potential to grow logistics. Gebrüder Weiss is convinced of this, which continues to develop its branch network in Central Europe. The company is expanding its logistics facilities in the Czech Republic and Slovakia and plans to develop Home Delivery services in Hungary.

Investor sentiment across CEE remains strong

According to Colliers, CEE markets continue to feel some impact on transactional activity with flow volumes down ca. 22% year-on-year. Poland captured more than half of all invested capital in the first half of the year. Colliers estimates for 2021 that year-end volumes will remain between €10-11 billion.

Ecologistics leases 63,300 sqm in Prague and Pilsen

Ecologistics, a 3PL company operating in the Czech Republic since 2017, has been expanding recently on the Czech property market, leasing in total 63,300 sqm of Class A commercial space in 4 industrial parks in Prague-West and in Pilsen-Stenovice from Prologis, GLP and Logicor. Ecologistics serves global e-commerce companies whose goods have been delivering to customers in the Czech and Slovak Republics as well as in Germany. The distribution centre in the Czech Republic was the second logistic hub Ecologistics opened in Europe after having entered the UK market. The firm has so far built a robust logistic framework across Western Europe, currently leasing premium logistics space also in Germany, France, Spain and Italy.

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