Serbia’s emergence as a manufacturing base with a skilled cost-effective labour force in close proximity to neighbouring EU markets is driving a surge in leasings and built-to-suit developments across CTP’s four industrial and logistics parks in the country.

CTP is completing the construction of a new building at CTPark Prague North. The hall, with the working name D8.7B, will offer 32,000 sqm of facilities upon completion. The second hall, D8.7A, will be completed in August 2023. CTPark Prague North is located close to the capital city and also in close proximity to the D8 motorway. CTP will thus offer new space in a highly lucrative area, which has long been experiencing an overwhelming demand for modern and sustainable business space.

The Czech industrial real estate market in 2022 was again remarkably successful. It reached the highest annual new supply in the history of the market on the back of record-low vacancy and all-time high prime rents, JLL reports.

In 2022, a total of 333,210 sqm of new industrial/logistics space was added to the Greater Budapest stock, the Budapest Research Forum reports.

As of Q4 2022 in the Czech industrial market, the extremely low vacancy of around 1% persists. The share of speculative construction has grown to 40% and the modern, developer-led warehouse stock reached almost 10.8 million sqm, so experts expect that it will surpass 11 million sqm by the end of Q1 2023, the Industrial Research Forum announced in their report.

Construction has just started in the second phase at East Gate Business Park. A total area of 9100 sqm will be available in the hall which offers space for production, assembly, fulfilment and storage purposes.

VGP has secured a major tenant for the first phase of its VGP Park Bratislava project. The just-completed Hall "A" has been leased by Dirks Consumer Slovakia, a logistics company focused on online sales of pet food and supplies.

Bridgeston and ESA logistika have opened a 50,000 sqm tyre warehouse where tyres will be shipped for further distribution. The facility is located at at Panattoni Park Poznań East Gate.

Demand for renting and buying real estate should remain decent over the longer term in Romania and its neighbors, despite 2023 most likely being a bit more challenging than a regular year, according to experts of Colliers. 

Romanian developer Transilvania Construcții has purchased an industrial park in Arad from Comalim in a deal estimated at around €3.5 million.