The Czech property market is preparing for electromobility

09
Dec
2019
News - The Czech property market is preparing for electromobility #Czech Republic #electromobility #report #technology #transport

by Property Forum | Report

Currently, less than two hundred public charging stations for nearly 4,000 registered electric and hybrid vehicles exist in the Czech Republic. Data of energy companies show that the number of public charging stations should increase to 1,300 by the end of 2020. Developers building charging stations within their new office, retail and industrial properties are also preparing for electromobility, according to Arcadis, an international company focused on consultancy in the field of construction, environment and sustainable growth.


“Electromobility is completely changing the automotive industry, which besides the existing range of combustion engine cars develops and manufactures vehicles with hybrid and pure electric propulsion. Before expansion of electric vehicles it is necessary to build an indispensable infrastructure in the form of sufficient number of charging stations (both public and private)”, says Martin Doležal, Head of the Automotive Department of Arcadis consulting company, and he adds: “Producers of energy from both standard and renewable resources, transmission system operators and car manufacturers, with the support of the Ministry of Transport and the European Structural and Investment Funds, collaborate on development of the charging station network in the Czech Republic. Independent operators of high-speed charging stations (e.g. Ionity) have also entered the Czech market. Many developers preparing their real estate projects express their interest in this issue as well. They want to ensure sufficient energy capacity for their properties to meet the future demands of their clients (both companies and individuals). The owners/asset managers of existing commercial properties (such as administrative, retail, hotel and recreation centres) supplementing their parking lots with new charging stations, react to this trend as well.”

In 2017 the Government of the Czech Republic adopted a plan called 2025 Czech Automotive Industry estimating 200,000 registered electric vehicles by 2030 within a moderate increase of electromobility, which will require approximately 15,000 charging stations.

Current filling stations

The Czech Republic with its 4,000 filling stations belongs to the countries with the densest network of such facilities in Europe. “In our view – and considering long construction procedure duration in the Czech Republic – an extension of the current filling station infrastructure in charging stations for electric vehicles is the most effective way. Provided, of course, there is place and sufficient capacity of the electricity network in the given land”, says Martin Doležal and he continues: “It will deal particularly of high-speed charging stations at main roads where people can charge their vehicles and continue driving as soon as possible. Currently, there are supercharges able to charge electric vehicles within tens of minutes.”

Commercial properties

“Another type of charging stations will be suitable for administrative complexes, large shopping centres or hotels where you can spend several hours while charging your vehicle. I think that charging stations will become one of the most important factors which will decide whether you visit this or that property. About 60% of the Czech Republic inhabitants live in flats without their own garages, so they will have to charge their vehicles away from home, most frequently at work, while shopping or on weekends in front of recreational facilities”, concludes Martin Doležal from Arcadis.

According to ČEZ company data the busiest charging station for electric vehicles in Prague last year was in front of the Corso Court office building in Karlín. Skanska and Expedia, both tenants in the Corso Court, use electric vehicles for their car-sharing. This year, the charging station in front of Visionary office building is about to win.   

Residential properties

Developers of residential properties take interest in charging station construction too. These facilities will be used mainly overnight by residents charging their vehicles for longer journeys.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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