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Articles - logistics service provider

VGP leases 10,000 m2 in VGP Park Ústí nad Labem City to Bosal

VGP, the European owner and developer of semi-industrial and logistics real estate, has acquired a new tenant for its newly prepared technology park VGP Park Ústí nad Labem City, which will emerge from a brownfield site near the city centre on the location of the former Avirunion glassworks bounded by Sklářská, Tovární, and Kekulova streets. Bosal Aftermarket Europe, a leader in the development and production of catalytic converters and emission control systems for passenger cars and industrial applications, has leased a total 10,210 m2 of production and warehouse space in Hall A. The new hall will be built to green certification level BREEAM Very Good standards. VGP expects to complete it by the end of this year, with handover taking place in January 2024.

P3 Logistic Parks leased almost 300,000 m2 in the Czech Republic last year

It has been another successful year for P3 Logistic Parks, the owner, developer and manager of high-quality European industrial real estate. Across the Czech Republic, new halls were developed by P3 with a total rentable area of almost 59,000 m2 in three parks, an average of six leases were signed each month, leasing a total of 300,000 m2. Of this, three quarters were prolongations (renewals) and expansions by customers.

Sustainable logistics halls are being built near Prague, the first of which will be completed in March

The industrial developer CTP is finishing the construction of a new building in its CTPark Prague North. The hall, with the working name D8.7B, will offer facilities with an area of 32,000 square meters after its completion in March this year. The second hall D8.7A with an area of 20,000 square meters will be completed in August. CTPark Prague North is located north of the capital, close to the D8 highway.

First sustainable building comprising 20,000 sqm to be delivered in GARBE Park České Budějovice

GARBE, Industrial Real Estate CEE, specialists in logistics and industrial real estate, signed an agreement with Taconova to newly lease 9,240 sqm of industrial and 1,240 sqm of office space.

Komerční banka and Upvest jointly provided financing for the construction and operation of the logistics park on D1 implemented by the developer UDI Group

Upvest, a member of the KB Group, provided mezzanine financing in the amount of CZK 150 million for the completion of the construction and subsequent operation of the Sázava Logistics Park on the D1 highway near Ostředek. The international developer UDI Group is building here at a cost of almost a billion crowns.

Industrial spaces: Back to normal

Currently, most markets are in the "price search" phase. Since summer, a situation similar to a dance floor has persisted on the Czech market, where buyers sit on one side and sellers on the other, waiting to see who will enter the dance floor first. According to CNB predictions, the consumer price index would reach 15.8% this year, and inflation should remain in double digits at least in the first half of 2023.

Logport and Invesco will build a sustainable last-mile logistics park in Prague

Through a forward financing structure, Logport Development and Invesco Real Estate have committed to build the Logport Prague West logistics complex with an area of 37,900 square meters, which will be built in a strategic location close to the Prague Ring Road. The transaction was brokered by Cushman & Wakefield. Logport Prague West, whose construction started in September 2022, has already attracted the first tenants who will move in in the summer of 2023. Completion of the entire commercial zone is scheduled for the first quarter of 2024.

Panattoni takes stock. The company completed six industrial halls this year, another 11 are under construction

During this year, when it celebrated 15 years on the Czech market, the development company Panattoni managed to complete six industrial buildings with a total area of over 243,000 square meters, in which more than 2,400 new jobs were created. The company signed 18 contracts with new clients, which will bring at least 3,500 additional jobs. At the same time, it currently has 11 new halls under construction, occupying 545,000 square meters. Panattoni's largest completed building is Amazon's distribution center in Kojetín, which stands out for its advanced technologies and environmental friendliness.

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