ARTICLES LABELLED WITH TAG industrial

The Czech industrial RE market has experienced a record growth of interest in renting new premises, especially from companies linked to e-commerce triggering extensive speculative construction. Although the market situation is stable and positively influenced by the gradual reduction of construction costs in combination with yield stabilisation, recently the vacancy rate has slightly increased and two new phenomena have emerged on the market.

Panattoni has completed another built-to-suit (BTS) development. US manufacturer of production line components Maxcess has opened what is now its main European manufacturing plant in Fałkowo. Through investing PLN 60 million (ca. €14 million) in this project, the company will be able to double its current workforce.

Industrial developer CTP has completed the first phase of its CTPark Arad West project spanning 23,000 sqm, with another 20,000 sqm ready for tenant fit-out.

AEW has announced the BREEAM New Construction ‘Outstanding’ award with a score of 88.1% for its recently completed 36,400 sqm brownfield logistics development, “the Platform” in Pilsen, Czech Republic. 

Industrial developer VGP has completed a new warehouse spanning 32,768 sqm in its Timișoara-based park, with more than half of its surface already leased by Continental Tires. 

CTP Clubhaus in Bucharest, for which ADP provided sustainability consulting and certification services, has won the BREEAM Award for the most sustainable non-residential building.

Costin Nistor, Managing Director of Fortim Trusted Advisors, spoke with Property Forum about the agency’s goal to achieve at least 20% growth in 2024 after launching new business lines and focusing on segments with development potential in the commercial and residential areas.

Hauser, a refrigeration furniture and technology supplier, has leased new premises in Garbe Park České Budějovice. Development company Garbe is now arranging a permit for customising spaces for the client. 

Hungarian property investor Faedra Group has successfully raised €17 million, with the proceeds set to finance the group's new local logistics-industrial developments in the coming years.

According to the report by Savills and Statista (statista.com), the European AI market is expected to reach €76.5 billion this year, up by 25.9% compared to 2023. The annual growth rate is expected to be 15.9% until 2030. These numbers confirm that artificial intelligence is gaining traction across industrial sectors, and data centres will be no exception.