ARTICLES LABELLED WITH TAG industrial

According to JLL, at the end of Q1 2016, the total modern A-class industrial stock in the Czech Republic (owned by developers and investors) stood at 5.78 million sqm. In the first three months, new supply reached 84,300 sqm, increasing by 112% y-o-y (Q1 2015 vs. Q1 2016). With another 271,200 sqm currently under construction, the 6 million sqm mark of total stock is expected to be passed in the second half of this year. The share of speculative construction increased, nearly half of the industrial premises currently under construction (44 %) being developed on a speculative basis. Developers reflect the lowest vacancy rate in the last decade, strong demand from the potential tenants and a generally positive economic outlook for the Czech Republic. 

Prologis announced that it has signed lease agreements with Arvato Polska for 30,835 square metres at Prologis Park Błonie. The transactions include a lease renewal for 22,510 square metres and a new lease for 8,325 square metres of additional distribution space.

RICS organised its first annual conference in Bratislava, Slovakia on 5 May. The half-day event focused on the role of international standards in emerging markets and on the Slovakian property market itself.

Prologis announced that it has signed a lease agreement with Bonami, a Czech e-commerce homewares retailer, for 5,795 square metres at Prologis Park Prague-Airport DC1. The transaction was facilitated by 108 Agency.

Prologis has announced that it will deliver an additional 20,500 square metre facility for Mall.cz, an online consumer goods and electronics store at Prologis Park Prague-Jirny. The building is scheduled for completion in the third quarter of 2016.

Demand for industrial space lifted significantly in Q1 2016 in Budapest industrial markets and the hegemony of BTS projects has not broken yet. In the Budapest-South submarket vacancy rate dropped to 4.4% triggering two speculative projects, CBRE reports.

Prologis today celebrated the grand opening of a 25,414 square metre build-to-suit facility for BMW Group at Prologis Park Bratislava.

The vacancy rate in the Czech Republic industrial market reached 4.2%, having decreased by 96 bps since Q4 2015. The Industrial Research Forum has announced its final industrial market figures for Q1 2016. 

OTP Real Estate Investment Fund has acquired a 30-thousand-square-metre logistics property within the Industrial Park of Győr. The purchase is part of a portfolio optimization strategy, by which the Fund aims to increase the yields of the OTP Real Estate Investment Fund.

The vacancy rate on the Budapest industrial market declined 2 percentage points to a level below 10%. The Budapest Research Forum has published its Q1 2016 industrial market snapshot.