ARTICLES LABELLED WITH TAG logistics

The rising prices of construction materials and energy, the increasing cost of land for new construction, a lack of crucial components to ensure continuous production and workforce shortages are all afflicting the industrial sector in the Czech Republic. One solution in regard to the availability of industrial real estate would seem to be the optimising of operations and more frequent investment by many companies into the automation of routine activities.

European Logistics Investment (ELI) has commenced constructing a logistics centre in Błonie near Warsaw. The Park Warsaw West X project by ELI and its partner Panattoni is planned as a multi-let facility offering nearly 49,000 sqm of modern warehouse space. The investment is planned to be delivered in Q2 2022.

The Czech market is expected to record a full-year investment volume of €775 million and €475 million for offices and logistics, respectively, signalling continued growth in both market segments. Savills experts Pavel Novák and Chris LaRue talked to Property Forum about the key trends driving the Czech office and logistics markets.

CTP has started the construction of its new warehouse of more than 30,000 sqm in the CTPark Tatabánya industrial park. The BREEAM-rated speculative development, which can be tailored to the needs of future tenants, will be delivered in 2022.

Cushman & Wakefield has closed its largest-ever lease transaction on the Budapest industrial market, with Boxy Logisztika Zrt. signing a lease for 62,000 sqm in VGP’s Aerozone Park, according to the company's LinkedIn page.

Panattoni has sold two logistics facilities in western Poland for an undisclosed sum to the Hansa Europe Logistic Fund (HELF), which is managed by German real estate investor Hansainvest Real Assets. 

With the recent completion of the third phase of the Tchibo distribution centre in Panattoni Park Cheb, adding approximately 30,000 sqm, the hall, totalling over 100,000 sqm, has become the largest industrial building completed this year in the Czech Republic. Panattoni as a developer completed the project together with investment group Accolade. Since the first phase of construction in 2016, the tenant has been Tchibo, one of the world's most important coffee producers and consumer goods retailers. The new part of the site aspires to a high BREEAM New Construction environmental certification rating of "Excellent". 

Schönfeld & Co Nemovitosti’s Premium Real Estate Fund has acquired the REDA logistics complex in Brno-Slatina from RSBC Group for CZK 300 million. At the beginning of next year, Schönfeld & Co is planning another acquisition for CZK 700 million, local daily e15.cz reports.

The Polish warehouse market is experiencing an unprecedented boom. In the first half of 2021, the take-up of logistics space in Poland exceeded 3 million square meters for the first time in history and was higher than in the United Kingdom, France or Spain.

The Romanian industrial and logistics market recorded a total demand of 562,000 sqm in the first three quarters of 2021, down only 3% compared to the same period of last year. The sector was mainly driven by new demand, which reached 86% of the total transacted volume, according to real estate consultancy Cushman & Wakefield Echinox.