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CTP Opens an 11,500 m² Distribution Center to Support the Delivery of Saint-Gobain Auto Glass Throughout Europe
108 News

CTP Opens an 11,500 m² Distribution Center to Support the Delivery of Saint-Gobain Auto Glass Throughout Europe

Amsterdam, July 1, 2026 – CTP, Europe’s largest developer, owner, and operator of logistics and industrial real estate in terms of gross leasable area (GLA), has expanded CTPark Česká Lípa in the Czech Republic with a new 11,500 m² facility for Sekurit Service, the aftermarket division of Saint-Gobain, a leading global manufacturer of automotive glass. The facility will serve as a strategic European distribution hub, ensuring the supply of replacement glass to Saint-Gobain’s distribution centers across the continent.

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Uncertainty surrounding the permitting process is dampening demand for development land—developers are waiting for both investors and tenants
Investment

Uncertainty surrounding the permitting process is dampening demand for development land—developers are waiting for both investors and tenants

Five or more hectares, at least 20,000 square meters of buildable area, and a valid building permit. This is what the most common demand for development land in the Czech Republic looks like. However, according to the real estate consulting firm 108 REAL ESTATE, other requirements and conditions in this market segment have changed year-over-year. Developers are no longer buying land for future projects but are now almost exclusively tailoring their purchases to specific tenants or end owners. The traditionally most attractive locations around Prague, Brno, and Plzeň have been joined by regions associated with announced major investments—for example, the Cheb area, where Mercedes-Benz plans to build a large logistics center for spare parts. According to 108 REAL ESTATE, buyer interest is also focused on areas near newly constructed highway sections, particularly the D6 and D35.

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Investment in industrial real estate in Europe fell by a fifth. Czech Republic is suffering from a lack of quality properties for sale
Industrial

Investment in industrial real estate in Europe fell by a fifth. Czech Republic is suffering from a lack of quality properties for sale

Investment in industrial real estate in Europe fell by 21% year-on-year in Q1. The blame lies with the uncertain and less predictable global economic situation, or the impact of geopolitical instability in the Middle East, affecting in particular the performance of the logistics market. The total volume of EUR 7.5 billion for which warehouses and production halls on the European continent changed hands in the first quarter of this year is below the long-term quarterly average. However, data from real estate consultancy 108 REAL ESTATE, shared with BNP Paribas Real Estate as part of an alliance, shows that compared to traditional investment dominants such as France, the Netherlands, Germany and the UK, investor activity grew in Central European countries.

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The demand for industrial halls is driven by the growing car industry. Companies respond to geopolitical instability
Industrial

The demand for industrial halls is driven by the growing car industry. Companies respond to geopolitical instability

Around 230,000 m² of modern warehouse and production space was newly occupied in the Czech Republic from January to the end of March. Gross demand including renegotiations amounted to 422 thousand m². The main accelerator was the automotive industry, which reported the strongest production volume in the history of the Czech Republic in the period under review. And it is the automotive industry that is driving growth in other sectors, including logistics.

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Hungarian industrial real estate market expects further growth after the elections - helped by news of euro adoption and automotive confidence
Industrial

Hungarian industrial real estate market expects further growth after the elections - helped by news of euro adoption and automotive confidence

The optimistic mood prevails after the recent elections and the change of political situation in the industrial real estate market in Hungary. While the Czech Republic is often compared to Poland, Hungary is building its own position thanks to the automotive industry. According to real estate consultancy 108 REAL ESTATE, which has a presence in Budapest, the supply of modern warehouses and manufacturing space is expected to continue to grow, stimulated by the expected rising demand. The main reason for this is the multiplier effect of the major automotive brands already present on the Hungarian market. The vision of economic growth, expressed among other things by the new government's desire to adopt the euro as soon as possible, is also playing a role.

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Manufacturing dominates the industrial space market in the Czech Republic - tenants with higher added value are coming to the country
Industrial

Manufacturing dominates the industrial space market in the Czech Republic - tenants with higher added value are coming to the country

Domestic industrial hall leases in the Czech Republic have a number of specificities in the Central European context. But one parameter stands out above the rest: over the last three years, the logistics segment has outnumbered manufacturing in concluded lease transactions. And by a large margin. According to real estate consultancy 108 REAL ESTATE, over 550,000 sqm of industrial space was leased to manufacturing or processing companies in the whole of 2025. This was a 42% share of the total volume of transactions. Logistics-related tenants accounted for 33.85% of the total, while the remaining 24% belonged to retail, services and others. In total, approximately 1.3 million sqm of new industrial properties were occupied by new tenants in 2025.

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