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Warehouse Market News

Accolade fund invested in research and development in Germany

In the first quarter, Accolade Fund invested in a state-of-the-art light manufacturing, research, and development facility in Bochum, Germany, and is planning a further expansion of hundreds of thousands of sq m. The number one ranked Top Real-Estate Fund of 2020 by Hospodářské noviny brought its investors an average annual return of 10.72% over a three-year horizon. The demand for industrial real estate is growing thanks to the boom in e-commerce and logistics and investors' interest in the modern business infrastructure segment.

BRANO GROUP is planning a new fully automated warehouse

The largest automotive supplier in the Czech Republic, owned by purely Czech capital, the company BRANO GROUP, has decided to build a fully automated warehouse for materials and work in progress. Aimtec and LogTech, which work together in the SKLAD association, have been cooperating on the project since March this year. It will thus combine its know-how in the field of digitization and automation in logistics.

The volume of industrial premises under construction in the Czech Republic in Q1 2021 at an all-time high

According to the latest report from Savills, the volume of industrial premises under construction reached the highest value in the history of the Czech industrial market at the end of the first quarter. In various phases of construction, 47 industrial buildings with a total leasable area of 734,300 m2 were located throughout the country. Speculative areas accounted for 36% of this aggregate area, well below the 46% average for the previous ten quarters.

Despite the complications, the Czech automotive industry is reaching pre-crisis values

Motor vehicle production in the Czech Republic is coming to life again. A positive signal is not only the year-on-year increase, but also the comparison with the pre-crisis values of 2019. Domestic production of electric vehicles, whose share in total production is currently approaching 10%, is also starting up significantly. At the same time, the automotive industry continues to face a shortage of chips and raw materials, such as plastics and metals, and overall sales across European markets remain about a quarter below pre-crisis levels.

Rising rents and preparations for the construction of new warehouses

According to BNP Paribas Real Estate, there is historically the lowest vacancy of real estate, a record volume of concluded lease agreements, rising rents and the unprecedented rapid progress and preparation for the construction of new warehouses and production halls. The domestic market of industrial premises is experiencing a euphoric period - the results of the first quarter nevertheless exceeded even the most optimistic expectations.

CRUSSIS Electrobikes will move to a new building in Prologis Park Prague-Úžice

The tailor-made building itself brings indisputable advantages, especially in the case of innovative companies, whose ambition is to achieve maximum operational efficiency and employee satisfaction. With this in mind, we have created a solution at Prologis Park Prague-Úžice that reflects the needs of the customer CRUSSIS Electrobikes s.r.o., a Czech manufacturer of e-bikes and tricycles. The company's new headquarters is currently under construction and the Prologis team is looking forward to offering the customer a solution that will support their further business.

The Czech industrial real estate market has another record period behind

Historically lowest vacancy, a record volume of concluded lease agreements, growing rents and unprecedentedly rapid progress and preparation for the construction of new warehouses and production halls. The domestic market of industrial premises is experiencing a euphoric period - the results of the first quarter nevertheless exceeded even the most optimistic expectations.

VGP Park Plzeň is expanding with a hall for DHL Express and Verhoek Europe

Developer and owner of semi-industrial and logistics properties VGP has started construction of the fifth hall in its logistics park VGP Park Plzeň, which is located in the industrial part of the city of Pilsen - Bručná close to the E49 road and connected to the D5 motorway. On a plot of approximately 10 hectares, it offers almost 50,000 square meters of leasable space suitable for light production, logistics and accompanying commercial activities.

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