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Articles - industrial real estate market

Prologis started the construction of an industrial park near Ostředek in Central Bohemia

The development company Prologis has erected the first pillars of its new Prologis Park Prague D1 Ostředek. There will be a total of three buildings in a strategically located location with a 30-minute drive to Prague.

Arete Invest settled investors and closed the investment cycle

The Arete Investment and Real Estate Group, which includes real estate investment funds, disbursed all investors in the Arete Invest CEE II sub-fund after the March sale of the portfolio, thus successfully closing the investment cycle. This is the second successful closing of the sub-fund and its deletion from the register of investment funds maintained by the CNB. The Arete Group is the only one on the Czech market to close and settle investment funds at the end of the investment cycle, directly as part of the investment strategy.

Cube to open plant in CTPark Cheb

German bicycle manufacturer Cube is to open a 10,000 sqm production plant in CTPark Cheb in the far west of the country.

A giant warehouse for Sportisimo in Ostrava is looming. Contera is completing a rough construction of an area of 6 football fields

The new logistics center of the sports chain, which is being established in the Contera Park Ostrava D1 in Hrušov, is approaching the first big milestone. Developer Contera has built the rough construction of most of the warehouse, and will roughly complete the rest by the end of October. The Sportisimo logistics center boasts state-of-the-art technologies and will be one of the largest in the country. In the following years, up to 700 people will find work here.

Garden architecture also belongs to industrial parks

Planting an industrial park in the surrounding landscape sensitively is just as important as placing the right plants in the ecosystem. Therefore, the P3 company commissioned the Flera gardening studio to develop a Green Concept for its parks. It solves the connection of new vegetation to the existing one, improves the working environment, and at the same time shields the surroundings from the operation of the complex.

Accolade refinanced the Czech and Polish industrial real estate portfolio for more than eur 200 million.

Accolade continues its plan to increase the stability and profitability of its portfolio of modern and environmentally friendly industrial real estate. With ČSOB and Unicredit Bank, it refinanced parks in the Czech Republic worth EUR 150 million (CZK 3.8 billion). The refinancing of the Polish portfolio follows last year's transaction in the amount of EUR 153 million (CZK 4 billion), to which another EUR 54 million (CZK 1.4 billion) has been added this year, again in cooperation with the German Aareal Bank.

Accolade fund has had a successful second quarter of 2021, in which it exceeded 1 million sqm of fully let space

Investments in the Accolade Industrial Fund outperformed the previous periods in the second quarter of 2021 and the value of the fund increased to €863 million (approx. CZK 22 billion). The Fund's performance was positively impacted by increased investment activity in the European industrial real estate market and rising prices within this area. Investment appreciation in the second quarter reached 10.21% in the CZK class and 11.49% in the EUR class.

The German family company Andreas Schmid Logistik expands into a new building in P3 Prague D6

The expansion of e-commerce and growing volumes of orders has led the logistics company Andreas Schmid to consider moving to a larger one. The industrial developer P3 will build a new hall for it in P3 Prague D6 near Stochov in Central Bohemia, part of the building will be for rent.

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