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Warehouse Market News

Real estate in the world after the pandemic: why they will once again become a bright star in the investment sky

While the current pandemic situation has accelerated the development of e-commerce, retail parks in the CEE region have shown resilience to the constraints of traditional brick-and-mortar retail. Last year, they were among the more profitable types of real estate. In addition, interest in investing in them is growing. Retail parks have higher operational flexibility, in essence it is an open, partly outdoor shopping concept, the advantage is their location with good accessibility for shoppers with a spacious parking lot. The design and area of the stores in them adaptability to the requirements of retailers using the omnichanne model of sales.

The Australian fund Cromwell completes EUR 113 mln Arete portfolio buy

The fund from the domestic real estate company Arete sold a package of warehouses and production halls across the Czech Republic and Slovakia. The transaction also included, for example, the European logistics headquarters of the C&A clothing chain in Nové Mesto nad Váhom. The price exceeded 113 million euros, which is almost three billion Czech crowns according to the current exchange rate. The buyer is the Cromwell European Real Estate fund from the Australian Cromwell Property Group.

CTP expands into Western markets: it is preparing an investment of 8 billion Czech crowns in the Netherlands

Originally a Czech company, CTP, one of the top five real estate developers in Europe, is expanding its network of CTParks to the Netherlands. The company, which Remon Vos founded in Humpolec in 1998, has now appointed new management in the Netherlands and recently committed to invest 300 million euros (less than 8 billion Czech crowns) in the country after the recent announcement of its intention to list Euronext Amsterdam with its shares.

Thanks to excellent conditions, Ostrava is experiencing a boom in the construction of industrial halls and warehouses

Most industrial developers have received building permits for large industrial halls or warehouses in Ostrava and its surroundings. Almost three-quarters of a million m2 of industrial real estate will now appear here. This is a consequence of the fact that the Moravian-Silesian Region and the City of Ostrava, within the framework of reclamation, support the establishment of logistics and storage zones also on the territory of former industrial areas, in which production no longer takes place today.

The vacancy rate of industrial premises in the Czech Republic fell to its historic low of 3.3% at the end of 2020

The supply of modern industrial premises in the Czech Republic increased by 314,800 square meters in the second half of 2020. This marked a slight (7%) slowdown in construction activity compared to the first half of the year. According to the latest Savills report, the total area of industrial space for rent reached 9.11 million square meters at the end of 2020. More than half (62%) of this area fell on the three most developed sub-markets - Prague (3.21 million square meters), the Pilsen Region (1.33 million square meters) and the South Moravian Region (1.15 million square meters).

Alexandru Cristea, appointed CEE Managing Partner of ONLINE REAL ASSETS

ONLINE REAL ASSETS - The Proptech real estate expert announced today that it has appointed Alexandru Cristea the CEE Managing Partner.

Sportisimo will build a giant and technologically advanced warehouse in Ostrava

The largest retailer of sporting goods on the domestic market will move its logistics base from Rudná near Prague to Ostrava. The lease of the Sportisimo warehouse in Contera Park Ostrava D1 with a built-up area of over 90,000 square meters has become the largest lease on the industrial real estate market in 2020. The gradual move to the new techno center will begin this year.

VGP is committed to being carbon neutral by 2025

Antwerp (Berchem), Belgium: VGP NV (“VGP” or the “Group”), a European provider of state-of-the-art logistics and semi-industrial real estate, is committed to continuing to implement comprehensive sustainable measures in the coming years to reach carbon neutrality by 2025 . To this end, the company has set new ambitious goals today.

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