Modern industrial stock in the Czech Republic grew by 314,800 sqm in H2 2020, indicating a mild (7%) decline in construction activity compared to H1. The total industrial inventory intended for lease according to the latest Savills report totalled 9.11 million sqm and 62% of the total inventory was held within the three largest submarkets of Prague (3.21 million sqm), the Pilsen region (1.33 million sqm) and the South Moravia region  (1.15 million sqm).

Pan-European logistics and semi-industrial real estate developer VGP has kicked off the construction of the new VGP Park Győr Béta. A first lease is secured.

Czech developer Contera has started the construction of a logistics complex in Hrušov on the site of a former brownfield. One of the main tenants of Contera Park Ostrava D1 will be sporting goods retailer Sportisimo. The company’s new logistics headquarters will have a clear height of up to 23 meters, automated systems and cooling, and will be one of the largest in the country with an area of 90,000 sqm.

VGP announces the acquisition of a new land plot in a prime location near Bucharest and the start of the development of its new multi-tenant business park VGP Park Bucharest. Law firm Kinstellar advised VGP Parks on the acquisition.

The first tenant in the building with a potential area of up to 45,700 sqm is DHL. The global logistics operator will thus expand its activities in Accolade’s parks by another 20,500 sqm. The first part of the building will be handed over in June. The new €31 million project will not just meet all standards for BREEAM Very Good certificate.  

Lidl Serbia plans to start the construction of a new, 60,000 sqm logistics canter in Lapovo, a city located approximately halfway between Belgrade and Nis on the A1 highway, in the coming months, local media reports.

European Logistics Investment (ELI), together with its partner Panattoni, will deliver an advanced warehouse complex in Kraków. City Logistics Kraków I, planned as a BREEAM certified, two hall facility will add to Małopolska region 37,000 sqm of logistics space. 9,000 sqm in the first building has been pre-let to InPost – the largest logistics operator in Poland.

Last year, the industrial real estate sector in Poland claimed a record-breaking share (almost 50 percent) in the total volume of transactions. Two of the most popular locations among the sector’s developers and tenants are still Silesia and its sub-region of Zagłębie. This is where a modern warehouse and office facility has been developed by 7R for No Limit, the brand which specializes in servicing the e-commerce sector.

A quarter of all modern warehouse and industrial space in Poland was transacted in 2020, says real estate advisory firm Savills in its latest report. Despite the pandemic, take-up hit record levels last year, reaching more than 5 million sqm, while Poland’s total logistics stock surpassed the 20 million sqm mark.

Accolade published its results for 2020. Last year saw the expansion of the portfolio area by 30%, almost 400 new qualified investors and a year-on-year return of 10,02%. The biggest industrial real estate fund in the Czech Republic now owns a total of 16 industrial parks in the Czech Republic, Poland, and Germany with an area of 936,304 sqm.1,200 investors benefit from the rental income which was increased by 35%, in 2020.