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Articles - warehouse to lease

The Czech industrial real estate market grew the fastest in the last 5 years in the 2nd quarter

The Czech industrial real estate market grew by 269,100 m2 in the first half of 2023, reaching almost 11.3 million m2. This is an increase of more than 11% year-on-year. Thus, despite higher interest rates, more complex financing, a slowdown in the economy and fluctuations in industrial production, the local industrial real estate market continues to accelerate its growth, which is currently the highest in the last five years. This is also related to the slight increase in vacancy rates and the stabilization of rent prices. That's according to a survey by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.

Logistics and production are increasingly relying on solar energy

Developers, tenants and owners of industrial and storage spaces in the Czech Republic are currently making large-scale investments in their own solar power plants. This trend reflects not only the progressive modernization of the energy sector, but also the turning away from dependence on fossil fuels. As part of this innovative wave, many buildings are undergoing complex technological modifications in parallel, aimed at the overall reduction of energy consumption. The largest rooftop solar power plants to date include the Urbanity Campus Tachov area, which announced an installed capacity of 5 MW and an approximate annual production of more than 5,000 MWh of electricity. This is stated by 108 Agency in its new report.

Panasonic has a new hall for the production and storage of air conditioners and pumps. It was built on a brownfield site by developer Panattoni

The building in Panattoni Park Pilsen West II welcomed a new tenant. It is Panasonic Heating & Ventilation Air-Conditioning Czech. The premises of the hall with a total area of over 24,600 square meters will be used for the production and storage of control boards for air conditioning equipment and heat pumps manufactured in the Czech Republic. The project is financed by the AEW Europe group.

The industrial real estate team at Colliers is newly led by Miroslav Kotek, the investment team is managed by Omar Sattar

Colliers, a provider of commercial real estate and investment management services, has appointed new management for its industrial real estate and investment departments in the Czech Republic. The industrial real estate team has been led by Miroslav Kotek since the beginning of August, and the investment team by Omar Sattar.

DB Schenker equips the roof of the logistics center in Rudná with photovoltaics

"Sustainability and energy self-sufficiency is one of the key areas in which we are actively growing. It would not be possible without our partners and customers who support us in this regard and cooperate with us not only on green innovations. I think it is another milestone on the way to a more sustainable future," comments Tomáš Holomoucký, regional director of DB Schenker for the Czech Republic and Slovakia, on the installation of photovoltaics.

A record amount of industrial space under construction, the total area exceeded 11 million square meters

The area of modern industrial premises intended for rent in the Czech Republic reached a total of 11.29 million square meters in the second quarter of this year. A total of 286,600 square meters of new warehouse space was delivered to the market in 19 industrial parks across the country. This is an increase of 95% compared to last year, and 32% compared to the previous quarter. Approximately 83% of the projects were already pre-leased at the time of completion. Data on the market for warehouse and production real estate in the second quarter of 2023 is provided in a regular report by the Industrial Research Forum (IRF).

The interest of manufacturing companies in renting industrial premises in the Czech Republic is growing

Manufacturing companies have a growing share of industrial real estate leases in the Czech Republic. These are gradually replacing the demand from logistics companies or tenants associated with retail, especially e-commerce. In the second quarter of 2023, leases to manufacturers accounted for 60% of the total of 266,443 square meters that were newly contracted. If extended leases are included, the volume of closed lease transactions in the second quarter reached 567,445 square meters, which is 50% more than in the previous quarter. The data result from a fresh analysis by the real estate consulting company 108 Agency.v

P3 enters the UK property market

The industrial developer P3 Logistic Parks is expanding its activities to the British market as well. By taking over two of Segro's industrial parks, it expanded its portfolio by 81,000 square meters. In the locality of Crick, he acquired an area with a lettable area of 36,000 square meters, another 45,000 square meters is located in Kettering.

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