ARTICLES LABELLED WITH TAG Czech Republic

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.  

Prime headline rents have increased slightly to a new level of €5 sqm/month in the Czech Republic and €5.20 sqm/month in the Greater Prague region during the second quarter of 2021. The Industrial Research Forum announced the latest industrial market figures.

Total commercial property investment volumes climbed to €426 million in the Czech Republic during the second quarter of 2021, according to Savills latest research. This represents a 42% increase compared to the same period last year and a 47% increase in investment activity compared to the previous quarter.

Gross take-up on the Prague office market in Q2 2021 amounted to 89,300 sqm, representing a 5% decrease on the previous quarter but a 10% increase in a year-on-year comparison. The Prague Research Forum has published the office market figures for the past quarter.

CBRE acted as an advisor to Patria Investiční společnost in the acquisition of a portfolio of two retail parks for the newly established Patria Logistics and Retail Fund from the Czech development group KPD. The two assets are the Ovčáry Retail Park in Kolín with a retail area of ​​8,950 square meters and tenants such as Lidl, Sinsay, Teta, Pepco, Tedi and Deichmann, and the Mohelnice Retail Park with an area of ​​approximately 2,750 square meters and long-term tenants, which are Mountfield and Jysk.

The PRS market in the CEE region gathers pace and interest from investors but the majority of activity is currently centred around the Czech Republic and Poland. However, there is a larger number of PRS/BTR projects being announced in the pipeline for delivery over the next few years across the entire region. Colliers, in cooperation with Kinstellar and Greenberg Traurig, publishes a report entitled 'The Private Rental Sector: Has it found a home in CEE?'

The Nuselský pivovar (Nusle Brewery) residential project in Prague 4 has received a building permit, developer Penta Real Estate announced. Following the completion of demolition works, excavation works have now begun. 

The Arete Investment and Real Estate Group signed an agreement with Raiffeisenbank to draw a €30 million umbrella credit line. The funds will be used to accelerate the growth of the Arete Industrial SICAV fund's portfolio through prepared acquisitions and new construction of industrial real estate while maintaining a safe and conservative LTV ratio.

Zebra Technologies, a global leader in mobile computing, barcode printers and scanners, is moving from Brno’s Královo Pole district, where it has been operating for 17 years, to the Vlněna office complex built by CTP in the centre of Brno.

CTP has provided tailor-made logistics space to international technology and services provider Bosch. The company has leased a distribution centre in one of the largest industrial parks in the Czech Republic. Bosch will move its operations from the Netherlands to CTPark Bor in Western Bohemia, where it will have over 15,000 sqm of lettable area.