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Warehouse Market News

Prologis announces operating results in Central Europe and the Czech Republic

What are the results of Prologis in the Central European region and in the Czech Republic in 2020? In the following article, we present the most important data from last year.

GLP recorded a record number of leases in 2020

GLP announced a record volume of leased space and development activities for the logistics sector in 2020. Globally, the company has already signed more than 22.7 million square meters of new and renewed leases. This means a year-on-year increase of 57 percent. The company also launched $ 5.3 billion in new development projects in 2020 with a total area of 5.6 million square meters, a year-on-year increase of 75 percent.

CTP reports portfolio growth and high occupancy of its properties

European developer CTP recorded 15% year-on-year growth. At the end of 2020, the annual rental income reached 344 million euros (less than nine billion Czech crowns). With its current portfolio of 6.3 million square meters and another 740,000 square meters under construction, CTP has strengthened its position as the largest owner and developer of logistics properties in terms of leasable space in the Czech Republic, Romania and Serbia. The group began expansion into Austria and Bulgaria and launched large investments in Poland.

Investor Accolade and builder of industrial zones Panattoni have already started the third phase of construction of the Tchibo distribution center in Cheb

Currently, the second largest hall in the Czech Republic (73,000 m2) will be expanded by another 30,000 m2 to 103,000 m2. In addition, the project will bring another wave of skilled jobs and thus offer a helping hand for the Karlovy Vary region affected by the economic crisis. The handover of the building is planned by the end of the year.

In 2021, industrial property rental prices will rise by up to 10% in some localities

The fourth quarter of 2020 closed the year full of changes and upcoming trends in the field of industrial real estate. Despite the impact of the pandemics, the industrial segment proved to be stable and the development of e-commerce and the digitization of the entire retail sector accelerated significantly. There is still a high demand for space on the market from investors and clients, and this interest is putting pressure on prices, which will increase significantly in premium locations in 2021.

Panattoni is building a logistics center for the Hradec Králové and Pardubice regions at the end of the D11 motorway

Panattoni builds on the current successful expansion of the motorway network in the Czech Republic and is preparing a key infrastructure for retail. Panattoni Park Hradec Králové North will be built at the end of the D11 motorway near Smiřice. The developer has already managed to attract one of the largest retail players to the southern site. At the same time, Panattoni submitted an application for an environmental impact assessment to the newly prepared northern part of the EIA. While the building in the southern area of 50,000 m2 will offer up to 900 jobs, the building in the northern area of 25,000 m2 will employ up to 160 people.

CTP already has 292 properties certified

European real estate commercial developer CTP has the most environmentally friendly portfolio of industrial real estate in Central and Eastern Europe. A total of 292 CTP buildings in approximately one hundred different locations in six countries have confirmed their BREEAM In-Use status at "Very Good" or higher. A number of properties have reached the "Excellent" level. This means that the company is the greenest industrial real estate developer in Central and Eastern Europe and ranks among the best in Europe.

GLP exceeded its targets by raising capital of EUR 1.6 billion for GLP Europe Income Partners II

Following its first final announcement on September 29, GLP announced that it had raised approximately an additional € 500 million for its pan-European logistics fund GLP Europe Income Partners II ("GLP EIP II"). This additional capital increases total capital commitments to approximately EUR 1.6 billion (approximately USD 2 billion), exceeding the target initially set and, once fully deployed, will allow the fund to reach a value of EUR 3.2 billion in managed assets (approximately $ 3.9 billion). Additional capital was raised from institutional investment partners in Europe, the Middle East and Asia.
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