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Articles - warehouse spaces

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.

VGP is looking forward to EXPO REAL 2021 in Munich

VGP NV (‘VGP’ or ‘the Group’), a pan-European provider of high-quality logistics and semi-industrial real estate, will again be present at the upcoming EXPO REAL in Munich, Germany. The three-day International Trade Fair for Property and Investment will take place from October 11–13, 2021, hosting the entire property and investment industry from all over the world.

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.

Panattoni to build for Amazon the first robotic fulfillment center in the Czech Republic on a brownfield site near Kojetín

Eight years since Amazon announced its entry into the Czech Republic, the world's leading e-commerce company has announced its expansion into Moravia. Industrial zone builder Panattoni will build the first robotic fulfillment center for Amazon in the Czech Republic on a brownfield site of a former sugar factory near Kojetín in the Přerov region. It will be the first fully-fledged multi-storey logistics building with state-of-the-art technological equipment in the Czech Republic.

CBRE: How is the Czech commercial real estate market changing and what are its prospects?

• There are clear signs of recovery in the market. The volume of investments in commercial real estate in the Czech Republic is growing. • This year, the industrial real estate sector will record the historically highest volume of demand. • The multifamily segment with rental housing products is included in the course. • The interest of international investors in Czech assets remains strong.

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