The Arete Group has recently completed the expansion of the industrial park in Pilsen at Borská pole and handed it over to the tenant, Zásilkovna, for use. The total leasable area owned by Arete Industrial has increased to 172,264 sqm.
After securing the necessary building permits, the Polish 7R Group is about to start construction of its first industrial project in the Czech Republic. The new 7R Park Lavičky warehouse will be built on a strategically located link between Prague and Brno, in close proximity to the D1 motorway. The total investment will exceed CZK 750 million.
VGP is starting the construction of new warehouses in its VGP Park Ústí nad Labem City. Building B is being prepared for the Czech logistics company RTR-Transport a logistika s.r.o.
A new machine capable of automated sorting of up to 13,000 parcels per hour has been put into operation at the sorting centre of the Czech Post, or the Balíkovna in Mošnov. Up to 300,000 parcels can be sorted daily on an area of nearly 30,000 square metres. The storage capacity is up to 1,000 pallet spaces. A total of three hundred employees work in the logistics centre.
CTP has signed three key ten-year leases in its most sustainable industrial park near Prague, comprising more than 60% of a new 32,000 sqm building that will be delivered by the end of Q2 2024 at CTPark Prague North.
The latest survey of the Czech Chamber of Authorized Engineers and Technicians (ČKAIT) showed that the actual length of a building permit or zoning decision in the Czech Republic does not take several years, but for example for apartment buildings the average decision is made in 5 months, the same applies to their building permits. The joint planning and building permit procedure takes half a year, and the median time is only 3 months. The longest permitting process is for tunnel constructions (almost a year), the shortest for warehouses or parking houses (4.5 months) in the case of joint permitting. Almost 1,100 CKAIT members cited non-unified procedures of authorities and building authorities, conflicting requirements for monument protection and the environment, or unresolved property relations as the main problems.
The new logistics centre of Lidl Czech Republic in Bravantice in the Moravian-Silesian Region will start its operation in autumn this year. It will use advanced technologies to optimise warehouse operations and the entire logistics chain, the company informs. The distribution centre will offer up to 300 new jobs.
Decline in rental capacity of automotive companies. Impact of the downturn in heavy industry. Slight but steady decline in e-commerce. High competition from Poland and unfulfilled expectations for the arrival of workers from Ukraine. And a continuing wave of subletting and vacancies even in traditionally most attractive locations. The main analytical outputs based on the results of the Czech industrial space market in the last quarter of last year do not offer much reason for optimism. According to real estate consultancy 108 REAL ESTATE, the opposite is true: the market is starting to revive at the level of developer construction and tenant demand, responding, among other things, to the growing demand for chips. It is being positively affected by falling interest rates and indications of gradually increasing demand from households and businesses.
Vitesco Technologies will launch a new production plant with an automated logistics centre in Ostrava-Hrušov. The investment in this project will exceed CZK 4.7 billion. This is the company's next step in sustainable mobility and transformation of the Czech automotive industry, Vitesco reports. The plant is due to open at the end of this year and will be staffed by 150 employees in the first phase, with the number growing continuously to a full capacity of over 1,000 people in 2027.
