The Panattoni development company follows up on the signed memorandum of cooperation with the Moravian-Silesian Region and starts preparing the revitalization of the area and construction in the former Barbora mine in Karviná. The brownfield site will be used as a base for modern industry.
What unites the Karlovy Vary, South Bohemia, Liberec and Ústí nad Labem regions in terms of industrial property developers? It is not the lowest supply and construction activity in the long term, on the contrary. According to the analysis of the real estate consulting company 108 AGENCY, these four regions are expected to add the most new warehouse and production space in proportion to their current volume in the coming years. In total, the consultants have mapped development projects in the Czech Republic with a floor area of over 6.8 million sqm, which are at various stages of permitting and preparation - from environmental impact assessment, zoning decision/building permit to the first implementation works. 54% of the planned projects belong to three developers: CTP, Panattoni and Prologis.
Goodyear, a well-known American tyre manufacturer with a 125-year history, will become the first tenant in the new industrial complex Panattoni Park Cheb East.
Developers, tenants and owners of industrial and warehouse space in the Czech Republic are currently investing heavily in their own solar power plants. This trend reflects not only the progressive modernisation of the energy sector, but also the gradual move away from dependence on fossil fuels. Within this wave of innovation, we are also seeing extensive technological modifications being carried out in parallel on many buildings, aiming at an overall cut in energy consumption. One of the largest rooftop solar power plants to date is at the Urbanity Campus Tachov industrial park, with a reported installed capacity of 5 MW and an approximate annual production of more than 5,000 MWh of electricity.
Manufacturing companies are commanding a growing share of industrial property leases in the Czech Republic. In doing so, they are steadily displacing demand from logistics companies and tenants engaged in retail, especially e-commerce. In the second quarter of this year, lettings to manufacturers accounted for 60% of the 266,443 m2 newly leased. When lease renewals are factored in, lettings totalling 567,445 m2 were closed in the second quarter, up 50% on the previous quarter. These figures come from a fresh analysis by 108 AGENCY, one of the leading real estate consultancies for industrial property leases and sales.
Exyte Technology will lease 12,600 sqm at VGP Park Ústí nad Labem City as a new tenant. There will be 3 halls in total within the VGP Park, one will be finished this year, and the other two are being prepared.
The hall at Panattoni Park Chomutov North is the fourth project in a row that Amazon has taken over from Panattoni in the Czech Republic.
Logicor, a leading owner, manager and developer of logistics real estate in Europe, has acquired a c.100,000 sqm brownfield in the Czech Republic, further strengthening its presence in this key market and nearly doubling its footprint.
Fulfillment provider ShipMonk is opening its first distribution centre in the Czech Republic at Panattoni Park Cheb South, continuing its expansion into continental Europe. The new facility is the twelfth property of its kind that ShipMonk will operate. The construction was secured by property developer Panattoni and the investor is Accolade.
