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Articles - warehouse

The Czech Republic is heading for 10 million m2 of modern warehouse and production space

Developers plan to deliver almost 680,000 m2 of new industrial space in the Czech Republic this year. Of this, 350,000 m2 is already under construction. In 2020, more than 650,000 m2 of industrial space was added. That pushed the total supply over 9.2 million m2. Due to the ever-growing demand and activity of developers, a volume of 10 million can be expected in the first half of 2022 at the latest.

Rent Rolls – How to get the most out of your data

Whether you are a property owner or a property manager, steady rental income equates to a well-streamlined cash flow. The rent roll data builds the foundation for day-to-day operations in asset and investment management. They also built the foundation for the valuation of the asset. Therefore, accurate and consistent data is crucial to make the right decisions.

Accolade is preparing a robotic center for online shopping at Kojetín

New qualified jobs, development, and economic growth of the locality. These are the main benefits of the cooperation between the Accolade Group and the builders of the Panattoni industrial zones, who are preparing construction corresponding to the latest world trends in online retail and targeting future tenants from the Czech Republic and abroad. Thus, the extensive revitalization of the preserved area of the former settling tanks of the sugar factory in Kojetín in the Olomouc region continues. The complex will be prepared to meet the needs of any major player in the e-commerce sector. The project, worth more than three billion Czech crowns, could offer a maximum capacity of up to 2,000 jobs and should be completed by the end of 2022.

Leases in industrial premises are being extended. This is due to strong demand

The commercial real estate market currently has a shortage of industrial and logistics space and land suitable for their construction. This is mainly due to the growing demand and the fact that municipalities are not motivated by tax benefits for their construction. The situation is most evident in the vicinity of large cities and also affects the growth of rental prices. In addition, it caused a new trend in the form of extension of leases. The first new projects over 20,000 square meters can be expected only in the second half of 2022.

GLP recorded a record number of leases in 2020

GLP announced a record volume of leased space and development activities for the logistics sector in 2020. Globally, the company has already signed more than 22.7 million square meters of new and renewed leases. This means a year-on-year increase of 57 percent. The company also launched $ 5.3 billion in new development projects in 2020 with a total area of 5.6 million square meters, a year-on-year increase of 75 percent.

CTP reports portfolio growth and high occupancy of its properties

European developer CTP recorded 15% year-on-year growth. At the end of 2020, the annual rental income reached 344 million euros (less than nine billion Czech crowns). With its current portfolio of 6.3 million square meters and another 740,000 square meters under construction, CTP has strengthened its position as the largest owner and developer of logistics properties in terms of leasable space in the Czech Republic, Romania and Serbia. The group began expansion into Austria and Bulgaria and launched large investments in Poland.

Investor Accolade and builder of industrial zones Panattoni have already started the third phase of construction of the Tchibo distribution center in Cheb

Currently, the second largest hall in the Czech Republic (73,000 m2) will be expanded by another 30,000 m2 to 103,000 m2. In addition, the project will bring another wave of skilled jobs and thus offer a helping hand for the Karlovy Vary region affected by the economic crisis. The handover of the building is planned by the end of the year.

In 2021, industrial property rental prices will rise by up to 10% in some localities

The fourth quarter of 2020 closed the year full of changes and upcoming trends in the field of industrial real estate. Despite the impact of the pandemics, the industrial segment proved to be stable and the development of e-commerce and the digitization of the entire retail sector accelerated significantly. There is still a high demand for space on the market from investors and clients, and this interest is putting pressure on prices, which will increase significantly in premium locations in 2021.

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