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Articles - warehouse spaces

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.

AIA and GLP Form Strategic Investment Partnership

AIA Group Limited (“AIA”; or the “Company”; stock code: 1299) today announces that it has formed a strategic partnership with GLP to invest in the global logistics real estate industry and related opportunities. The positive long-term trends that are driving the growth of the global logistics real estate sector provide AIA with immense opportunities to diversify its investment portfolio and enhance returns for its customers and shareholders. The partnership will enable AIA to leverage GLP’s investment experience and expertise in this area.

BNP Paribas Real Estate: Warehouses and production halls are running low in the Czech Republic

For the whole of 2020, 1.37 million square meters of industrial space were leased in the Czech Republic. By the end of June this year, it was almost 1.2 million square meters. According to the consulting company BNP Paribas Real Estate, it is therefore certain that the year 2021 will be the strongest so far in terms of realized demand in this segment.

The Czechia is still the most suitable destination for production in Europe and the fifth in the world

The Czech Republic once again ranked high in the ranking of the 47 countries most suitable for production. Thanks to a good evaluation in all criteria, such as operating costs, labor, political and economic risks or the ability to restart after the coronavirus crisis, it took fifth place worldwide and first in Europe. Since 2016, when the Czech Republic was first included in the Manufacturing Risk Index ranking of the real estate consulting company Cushman & Wakefield, it has regularly been one of the most favorable destinations for the location of production facilities.

Bonami heads for Logicor Prague Airport

Bonami has leased 6,000 sqm at Logicor Prague Airport for a last-mile warehouse. As a result, the complex is now fully-leased.

CTP acquires Amsterdam Logistic Cityhub

■ Largest single-asset transaction in logistics real estate in the Netherlands; net transaction value €307 million for 100% of the shares ■ Approximately 120,000 m² of storage and last mile distribution space equipped for emission free transport, and approximately 11,000 m² of office space ■ Completion expected in the fourth quarter of 2022, already partially leased

The pandemic accelerated the advent of artificial intelligence in Czech companies

The fourth industrial revolution summarizes the changes that have made and are still streamlining and automating processes in the field of transport, production itself or communication through digital technologies. In addition, current technological trends are influenced by the coronavirus pandemic, which in some respects has led to their faster anchoring.

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