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Czech and Slovak industrial properties are rapidly modernizing - 108 REAL ESTATE introduces a new classification

The quality of warehouse and manufacturing real estate in the Czech Republic and Slovakia is rapidly increasing. This is partly in response to changing tenant requirements, but at the same time higher standards from Western Europe are being introduced in both countries. The real estate consultancy 108 REAL ESTATE is therefore introducing a new system of classification standards for industrial halls at its Czech headquarters from 1 April to reflect this development. It will offer the market a truer picture of premium industrial parks.

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VGP Park Ústí nad Labem City reports full occupancy. The last tenant is Mailstep

VGP, a European owner, manager and developer of industrial and logistics properties, has achieved full occupancy at VGP Park Ústí nad Labem City. Mailstep, the market leader in complex logistics for e-shops in the CEE region, has leased the remaining 18,800 m² of warehouse and operational space in halls B and C. These premises will meet high environmental standards and are aiming for BREEAM Excellent sustainability certification.

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Prologis continues sustainable projects: the largest DHL distribution centre in the Czech Republic significantly reduces fossil fuel consumption

One of the first and largest DHL Supply Chain distribution centres in the Czech Republic, located in Prologis Park Prague-Jirny, is significantly reducing its dependence on fossil fuels. The 100,000 m2 warehouse building now has a completely new heat pump heating system, which is making a major contribution to the building's energy efficiency. Working with its customers and partners, Prologis is implementing state-of-the-art sustainable solutions across all of its fleets, moving closer to its global goal of achieving net zero emissions by 2040.

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P3 newly leased 230,000 m² in its Czech industrial parks last year

P3 Logistic Parks has signed lease agreements for a total of 230,006 m² in the Czech Republic in 2024. More than a third of it has been leased to major logistics companies such as DB Schenker, DHL and ViT logistic, and it has also seen interest from manufacturing companies and e-shops. Last year's leasing results confirm the success of P3's strategy to focus on attractive locations and long-term partnerships with tenants.

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Industrial

Czech Republic attracts new companies to lower operating costs - energy price is not the key factor, but its savings are

Location, price, transport accessibility, labour availability and up to 5th place energy performance / sustainable building certification. These are the main criteria for companies when selecting warehouse space. This was shown by the results of the Trends in Czech Logistics survey conducted last year by the SKLAD association in cooperation with Ipsos. According to the real estate consulting company 108 REAL ESTATE, preferences are very similar in the case of the production space segment. However, despite the survey results, it turns out that it is the costs associated with the operation of industrial real estate that have a great influence on the success of the Czech Republic's offer in international tenders of global tenants.

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CONTERA enters a new era: the CT Real Estate Portfolio will be acquired by Blackstone for approximately EUR 470 million

The Czech property development and investment group CONTERA has reached a significant milestone with the launch of its cooperation with Blackstone, the world's largest alternative asset manager. Blackstone has agreed to acquire CT Real Estate, a portfolio of 10 logistics parks, from TPG Real Estate, with whom CONTERA has successfully partnered on its industrial portfolio since 2019. In addition, Blackstone has committed to buy a portion of the stake directly from CONTERA, with Blackstone holding a majority stake in CONTERA's industrial portfolio upon closing of the transaction. CONTERA will remain a minority shareholder, property manager and developer.

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