ARTICLES LABELLED WITH TAG industrial

On the financing side, there is still demand for lending towards logistics. Maarten Otte, Head of Investor Relations at CTP, talked to Property Forum at Expo Real about financing conditions and the developer’s ambitious plans for the future.

Ostrava Airport has opened an air cargo terminal called Cargo 2 at the airport in Mošnov in the Novojičín region (25 minutes south of Ostrava). It cost CZK 139 million (€5.6 million) to build and was constructed by the Ostrava company HSF System. The terminal will increase the airport's capacity and improve the quality of cargo handling, the Czech News Agency (ČTK) reports.

Elektrokontakt Romania (EKR), a subsidiary of ELEKTROKONTAKT GMBH, has leased 14,735 sqm for the next 10 years in Mureș City Logistics, jointly developed by Globalworth and Global Vision. Following this deal, the project has reached full occupancy rate.

Czech BHM group continues its purchases in Slovakia. This time, according to Seznamzpravy.cz, the holding bought a logistics and production complex called Trenčín Industrial Park used by automotive suppliers. The group did not publish the price of the transaction. 

In Q3 2023, the Greater Budapest speculative stock increased by 140,730 sqm, adding five buildings to the stock. Five new buildings were also handed over in regional cities adding another 92,610 sqm to the stock there. The vacancy rate at the end of Q3 2023 was 10.0% in Greater Budapest, an increase of 140 basis points quarter-on-quarter and an increase of 510 basis points year-on-year, the Budapest Research Forum (BRF) reports.

Panattoni has begun the construction of a tailor-made manufacturing facility for Maxcess - a provider of products and services for automated web-handling applications for converting lines. The project will allow for the relocation of the existing facility and more than double the employment. It will also serve as the main facility for the company's European operations.

Roughly 280 apartments, but also new amenities. These are the two basic parameters of the R66 multifunctional complex from development company Corwin. The company has built and managed the Guthaus project in its neighbourhood on Račianska Street. Only a few tens of meters towards Rača, it also owns a large area of the former Palma factory, where a new local centre should be built.

iO Partners, JLL Preferred Partner, continues to strengthen its cross-border capabilities in Central and East Europe with a new regional structure to support its market leading Industrial & Logistics business.

A brand-new company, Equs, entered the Czech industrial real estate development market. It was founded by Tomáš Míček, who has many years of experience in top management of industrial developers, and the Ungelt Group, an investor and real estate developer that has been operating on the Czech market for more than 30 years. 

P3 Logistic Parks (P3) has concluded lease transactions for over 107,000 sqm in the first half of 2023, with most of the demand coming from existing clients.