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Articles - logistics park

DB Schenker took over the remaining warehouse space in Arete Park Valašské Meziříčí

The last unit in Arete Park Valašská Meziříčí was completed and handed over to the tenant, which is the logistics company DB Schenker. Premises with an area of ​​over 4,200 square meters aspire to a BREEAM Excellent sustainability certificate.

Začala výstavba priemyselného areálu BESICO Banská Bystrica

The construction of the new BESICO Banská Bystrica industrial complex began with the ceremonial knocking of the foundation stone, the company is investing around 13.5 million euros in the construction.

Toyota Tsusho Europe is moving to new premises in Prologis Park Pilsen II

Toyota Tsusho Europe's Build-To-Suit spaces at this Prologis Park use advanced solutions that increase operational efficiency, including energy consumption. The building is equipped with mineral wool roof insulation with a volume of over 3,000 cubic meters and facade insulation with a volume of 1,000 cubic meters. Heat is efficiently distributed throughout the space by means of heat pumps. Toyota Tsusho Europe SA (TTESA) also uses an energy-efficient LED lighting system with motion and daylight sensors and intelligent metering systems for easy monitoring and control of energy consumption. Specific solutions for efficient operation also include blocks for truck wheels or a floor capacity of 5 tons per square meter. Like all new projects by developer Prologis, the new DC2 building also aims for BREEAM sustainability certification. “It was a pleasure to work with TTESA to realize this modern logistics space in an important region. Pilsen represents a bridge between the Czech Republic and Germany, the two world powerhouses of the automotive industry. For TTESA, it is a suitable location for new tailor-made logistics premises that will serve the company's European activities very well," comments David Jakeš, project management director of Prologis for the Czech Republic and Slovakia. TTESA employees will be able to take advantage of the PARKlifeTM initiative, which ensures a pleasant environment for work and rest in Prologis logistics parks. In the Czech Republic, this initiative includes the creation of a large number of green outdoor areas for relaxation, charging stations for electric cars supporting sustainable travel or seasonal activities such as the popular summer ice cream tour. "From day one, we worked to meet all the customer's requirements. The result is modern logistics premises in a very special location. We look forward to continuing our daily cooperation and providing our customer with everything they need to make the most of the potential that Prologis Park Pilsen II offers," adds Anna Jůzová, Prologis leasing manager. Toyota Tsusho Europe has moved to new premises with a total area of ​​15,300 square meters in the Prologis Park Pilsen II logistics complex. The company will initially occupy 8,745 square meters here, then use the remaining 6,555 square meters.

Nominal and effective rents in industrial premises are falling

The excess of demand for industrial properties over their supply is a thing of the past in the Czech Republic. Rent prices have currently reached their peak. This is also influenced by the drop in sales of domestic e-shops, due to which many companies are trying to reduce their warehouse space, or are more often interested in lease contracts for shorter periods.

​​The dramatic increase in warehouse prices in the Czech Republic has hit a ceiling, demand is falling

Rents for warehouse space in the Czech Republic have doubled over the past five years, but have currently reached their peak. This is influenced by the decline in sales of domestic e-shops, due to which many companies are trying to reduce their warehouse space, or are more often interested in lease contracts for shorter periods. In addition, high prices drive tenants to neighboring countries, which are up to a third cheaper and offer a wider selection of premises. According to experts from the Colliers company, the vacancy rate outside the Czech Republic is around 5%, which is an advantage compared to the Czech Republic's 2.9%.

CBRE analysis: The subletting trend is slowly but surely starting to affect the industrial and logistics real estate market

The domestic industrial real estate market experienced a real "boom" during the coronavirus pandemic. The record growth of interest in renting new premises, especially from companies linked to e-commerce, triggered extensive speculative construction. However, after two extraordinary years, there was a slowdown in demand last year, which continues this year as well. Although the market situation is stable and positively influenced by the gradual reduction of construction costs in combination with the stabilization of yields, in recent months there has been a slight increase in the vacancy rate and the emergence of two new phenomena on the market. CBRE, a world leader in commercial real estate services, analyzes the growing trend of subletting and targeted maintenance of some properties by developers in the so-called shell & core condition.

Moravia Steel is considering taking over part of Liberty Ostrava's operations

The Moravia Steel Group is seriously considering the possibility of operating some of Liberty Ostrava's secondary production operations. Specifically, it is a pipe laying plant, said Moravia Steel Group spokesperson Petra Macková Jurásková. Liberty Ostrava has been in bankruptcy since June, and most of its operations have been closed since last December.

C.S.CARGO Group continued to grow in 2023

The C.S.CARGO Group achieved significant growth in sales and profitability in 2023, despite adverse economic conditions. Revenues increased to 8 billion crowns, which represents a slight increase compared to 2022. Operating profit (EBITDA) increased by 28% to 701 million crowns. Investments in the renewal of the vehicle fleet, logistics projects and IT technologies reached a total of 376.5 million crowns.

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