The abandoned brownfield of the former Poldi Kladno steel mill in the Czech Republic is soon to be transformed. On a large part of the area belonging to the RSJ investment group, the developer Panattoni has started construction of industrial halls this summer, reports E15.cz.

Law firm PeliPartners has assisted WDP in the acquisition of several industrial projects and a landbank from Globalworth and Global Vision. 

The modern, developer-led warehouse stock in the Czech Republic has reached 12.02 million sqm in the second quarter of 2024. Approximately 117,500 sqm were delivered to the market within 11 industrial parks. Industrial Research Forum has announced industrial market figures for Q2 2024. 

Panattoni has begun construction work on a new Built To Own (BTO) centre for the E.G.O.-Group (E.G.O.), a supplier for household manufacturers. The construction of the manufacturing plant is to start in July this year and the completion is scheduled for the fourth quarter of 2025.

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.