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Articles - warehouse spaces

Investor sentiment across CEE remains strong

According to Colliers, CEE markets continue to feel some impact on transactional activity with flow volumes down ca. 22% year-on-year. Poland captured more than half of all invested capital in the first half of the year. Colliers estimates for 2021 that year-end volumes will remain between €10-11 billion.

Ecologistics leases 63,300 sqm in Prague and Pilsen

Ecologistics, a 3PL company operating in the Czech Republic since 2017, has been expanding recently on the Czech property market, leasing in total 63,300 sqm of Class A commercial space in 4 industrial parks in Prague-West and in Pilsen-Stenovice from Prologis, GLP and Logicor. Ecologistics serves global e-commerce companies whose goods have been delivering to customers in the Czech and Slovak Republics as well as in Germany. The distribution centre in the Czech Republic was the second logistic hub Ecologistics opened in Europe after having entered the UK market. The firm has so far built a robust logistic framework across Western Europe, currently leasing premium logistics space also in Germany, France, Spain and Italy.

Schneider Electric Recognized as 2021 Microsoft Sustainability Changemaker Partner of the Year Award winner

Award honors Schneider Electric’s longstanding commitment to sustainability and market-leading digital solutions that help customers meet their Sustainable Development Goals Together with Microsoft, Schneider Electric supports customers such as JLL and Blackstone to develop and achieve decarbonization ambitions Marks Schneider Electric’s 30-year global relationship with Microsoft and their shared vision for a sustainable future

Rohlik in CTPark Bucharest North for the long term

Czech online grocer Rohlik has signed a long-term lease for 12,000 sqm in CTPark Bucharest North. The company will start delivering goods directly from the complex in H1 2022.

ČS nemovitostní fond buys Panattoni Park Tychy DC1 in Poland

Czech real estate investment manager Reico IS ČS (part of the Erste banking group) has acquired Panattoni Park Tychy DC1 on behalf of its ČS Nemovitostní Fond (ČS Real Estate Fund) for an undisclosed sum.

Panattoni will build a logistics park in Slovakia for BHS Real Estate Fund for more than 1.5 billion crowns

The Panattoni Park Bratislava North logistics complex will be built on land with an area of ​​330,000 square meters near the village of Plavecký Štvrtok with a connection to the D2 motorway. The total amount of the investment will exceed the amount of 1.5 billion crowns. In the first phase, two modern halls with a number of sustainable elements with an area of ​​12,000 and 6,000 square meters will be built in the area. Both halls, in the highest production and logistics standard, will aim for a high evaluation of the international environmental certification Breeam New Construction. The coronavirus pandemic significantly increased demand "The coronavirus pandemic has significantly increased the demand for logistics centers, so BHS Real Estate Fund has decided to enter this dynamically developing part of the real estate market," says Pavel Borovička, CEO of BHS REF. "I am glad that for the third Panattoni project in Slovakia we got this location where the long-term potential was presented in the past, but there was no investor and builder of industrial real estate to fully discover and develop it," says Erik Ivaničko, director of the Slovak branch Panattoni. The establishment of the Panattoni Park Bratislava North complex will increase supply capacities, which will significantly increase the efficiency of the operation of commercial and industrial enterprises in the vicinity of Bratislava. In addition, the expansion of companies into the desired region will be supported, which is currently tight due to limited logistics capacities. The park will bring benefits for the region, self-government but also for citizens. In addition to supply chain development, the new park will also help develop e-commerce. Increasing portfolio diversification "The start of cooperation with the investment fund BHS Real Estate Fund confirms the growing interest of investors in quality logistics in the Czech Republic and Slovakia. The industrial real estate segment offers investors a very interesting return-to-risk ratio in the long term, with the demand for these types of transactions increasing in the last few years, ”says Karel Klečka, Panattoni's Capital Markets Director for Europe. "BHS Real Estate Fund has so far focused mainly on investments in modern offices. BHS Real Estate Fund, in cooperation with Panattoni, will build a new logistics park near Bratislava. The project called Panattoni Park Bratislava North responds to the high demand for warehouse space, which will have excellent transport services for Slovakia, Austria, the Czech Republic and Hungary. buildings in the Czech Republic. Thanks to the new Panattoni Park Bratislava North project, the diversification of our existing portfolio will increase, which will bring many benefits to our clients, ”says Zdeněk Lepka, CEO of real estate companies BHS REF. BHS Real Estate Fund SICAV, a.s. is a fund of qualified investors, established by the securities trader BH Securities a.s. according to Czech law and administered by the investment company AMISTA. Investors have the opportunity to enhance their resources in the Fund through investments in commercial real estate.

Vacancy of industrial halls has fallen to an all-time minimum, rents continue to rise

The total area of modern industrial premises intended for rent in the Czech Republic increased to 9.28 million m2 in the second quarter of 2021. A total of 113,200 m2 of warehouse space in 11 industrial parks was completed in the Czech Republic. Compared to the same period of the previous year, this is a 46% decrease and a quarterly increase of 66%. At the time of its completion, approximately 89% of the projects had already been leased.

Presenting a new modern look to the people of Brno. IKEA will open a new outlet near Brno airport

A multimodal Panattoni complex near Brno airport has been chosen by another leader in its field. The global furniture market leader IKEA wants to be closer to customers in Brno and the surrounding regions by moving to a new modern hall. At the same time, thanks to the facilities at Brno park, it continues to contribute to a sustainable future for European business with minimal environmental impact. The total area of the technologically superior part of the hall for IKEA is 8,000 m². It will start serving customers on 27 July 2021.

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