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Articles - industrial real estate market

The construction of the logistics building in Cheb, part of which will be leased by ShipMonk, will start in a few weeks. The revitalization of the premises of the developer Panattoni will thus be completed

Panattoni Park Cheb South announces a new tenant even before the construction of the hall begins. The American-Czech company ShipMonk, which focuses on the outsourcing of logistics for American e-shops, will rent its first storage space of almost five thousand square meters in the Czech Republic, for which it stores and distributes their goods. The lease will also include an additional 500 square meters of office space. The construction of the building with a total size of 15,000 square meters, the mentioned part of which will be leased by ShipMonk, will start in September of this year, while the handover of the premises is planned for the first quarter of the following year. ShipMonk will thus be the first tenant of the hall, which aims to meet the strictest ecological requirements according to the BREEAM New Construction certification. The Panattoni company announced this in a press release yesterday, thereby confirming and expanding the original information of the daily Hospodářské noviny.

The lack of warehouse space in the Czech Republic is at a record high, but there are signs of cooling demand

The offer of vacant warehouses and production premises in the Czech Republic has fallen to the limit of just one percent vacancy. The second quarter of this year also went down in the history of the domestic real estate market with the largest lease to date within a single industrial hall: in Panattoni Park Cheb, an undisclosed distribution company leased a total of 233,698 square meters of warehouses and offices. At the same time, the threshold of 10 million square meters of modern industrial space for rent was exceeded in the Czech Republic at the beginning of June.

The area of industrial real estate in the Czech Republic exceeded 10 million square meters

In the second quarter of this year, the total area of modern industrial premises for rent in the Czech Republic increased to 10.14 million square meters. A total of 146,600 square meters of warehouse space in 15 industrial parks was completed. Compared to the same period of the previous year, this is a 16% increase and a quarter-on-quarter decrease of 51%. At the time of its completion, approximately 90% of the projects were already pre-leased. Data on the warehouse and manufacturing real estate market for the second quarter of 2022 was announced by the Industrial Research Forum (IRF).

CTP fulfills an ambitious solar plan, installing photovoltaics on the roofs of its buildings

The developer of industrial and commercial real estate CTP continues to build photovoltaic power plants (PVE) on the roofs of industrial-logistics halls in its CTParcs. The installation of all solar-ready roofs in CTP's Czech portfolio is part of the company's long-term strategy to create sustainable industrial parks through solutions that will ensure their energy self-sufficiency in the near term and create so-called islands of sustainability.

Prologis is building sports facilities in its Czech logistics parks. The first opens in Rudná u Prahy, the next will be built in Jažlovice

As part of our PARKlife™ initiative, we build outdoor spaces for exercise, relaxation and rest at all our parks. More opportunities are now coming for people working at our Czech parks, with two new five-a-side football pitches being built in Prologis Park Prague-Rudná and Prologis Park Prague D1 East, and a BBQ space also implemented by the pitch in Prague-Rudná.

Investors still believe in Czech warehouses, offices and retail. But they choose smaller properties and some are more cautious

In the period from April to the end of June, offices, warehouses and retail properties worth 260 million euros changed hands in the Czech Republic. Compared to the first quarter with a result of 917 million euros, this is a decrease in total value - but the trend in the number of real estate transactions is the opposite. There were 18 of them in the monitored period, compared to 13 in the first quarter. During the first half of this year, the volume of investments increased by 48 percent year-on-year to 1.18 billion euros. The real estate consulting company 108 Agency published these results in its current press release.

In the Karlovy Vary region, Accolade is planning investments exceeding 6 billion crowns

The Accolade Group is currently investing more than 6 billion crowns in the construction of industrial real estate in the Karlovy Vary Region. Accolade's portfolio now includes two industrial parks near Cheb in the region with a total of five buildings and thirteen tenants. Another three are in preparation or already under construction in Cheb. The group has so far financed the creation of roughly 250,000 square meters of industrial and logistics space in the locality, the value of which is more than 5 billion crowns.

P3 offers facilities for city logistics within reach of large cities

It is only possible to shop online and have goods at the door within a few hours thanks to warehouses within reach of the city. However, the occupancy of the existing ones is high and new ones are being built. Nevertheless, the industrial developer P3 has prepared projects in which you can move in soon.

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