czech pavilion at 2010 expo - MZV ÄŒR

CZECH BUSINESS AND TRADE
scaling down of speculative construction
and a stable interest, we expect the unoccupied
space rate to decline over the long
term and, in some regions, even demand
to exceed supply. We have witnessed this
situation in Brno for a long time.
� CHANCE IN RELOCATION AND
FOUNDING OF NEW
DISTRIBUTION CENTRES
A great chance for the Czech Republic
is the interest of investors-producers in
the relocation of production lines from
the west, which is accelerated by the
availability of cheap but qualified labour
force. A second trend is the establishment
of new distribution centres for the
region of Central and Eastern Europe.
This increased interest is apparent especially
in the Plzeň Region, which is eyed
by many international companies thanks
to the perfect access for trucks, the short
distance to foreign markets in the west,
and the high unemployment rate. Local
demand is generated by companies
seeking alternatives for their existing
older and to some extent inefficient real
estate. This transfer of companies from
old to new space will continue for many
years to come. The average demand in
terms of size is for 3 000-6 000 sq.m, and
an increased interest has been recorded
recently in smaller units of 1000-2000
sq.m. But modern space of this size is extremely
scarce in the Czech Republic.
� DEVELOPERS‘ AMBITION: LETTING
THE EXISTING VACANT SPACE
In the long term, the prices of a lease have
been EUR 3-4.50/sq.m/month for storage
space and between EUR 7-9/sq.m/month
for offi ce space or amenities. For the year
2010, we expect a similar result as in 2009,
which means that we expect a total renting
activity in the order of 400 000 sq.m. Developers
will endeavour to focus maximally
on the lease of existing vacant space, and
will build new halls only if lease contracts
can be concluded with new clients. Also,
we do not expect additional developers of
industrial space to enter the market.
Filip Kozák
Head of Industrial Space Leases
CB Richard Ellis s.r.o
(e-mail: marcela.vesela@cbre.com)
sq. m
250 000
200 000
150 000
100 000
50 000
0
INDUSTRIAL REAL ESTATE MARKET IN THE CZECH REPUBLIC
Prague
North/Northeast
Prague
Southeast
Prague West
Central Bohemia
Southwest
Total leasing activity in 2009 Vacancy rate at the end of 2009
New completions in 2009
Vacancy rate Czech Republic at the end of 2009
LIST OF MAJOR LOGISTICS PARKS
Source: CB Richard Ellis
CTPARK BOR
CTPark Bor is one of the most successful parks in the Czech Republic. It is an area sought by
tenants who locate their business near the German border (10 minutes from border), situated
close to the D5 motorway.
CTPARK PLZEŇ
CTPark Plzeň is quickly developing into a position of the best park focused on heavy industry.
Its location makes it one of the most popular parks in the Czech Republic for foreign
producers and logistics companies. The park is situated on the main Prague - Plzeň - Nuremberg
motorway.
VGP PARK HORNÍ POČERNICE
VGP Park Horní Počernice is an important industrial park, easily accessible thanks to being
very close to the Prague - Mladá Boleslav - Liberec high-speed road R10, which has an approach
and exit at this place. Combined with the immediate neighbourhood of the capital
city, the features of this location are considered very attractive. A regular bus line has eight
stops in the park connecting it with the Černý Most metro station.
PROLOGIS PARK D1
ProLogis Park D1 is situated about 11 km southeast of Prague, close to the Říčany/Jesenice exit
from the D1 motorway. The history of ProLogis Park Prague D1, formerly known as D1 Logistics
Park, was initiated in 1997, when the AIG/LINCOLN company launched its ambitious project
to build a modern logistics complex. In September 2002, the project was taken over by the
company ProLogis Czech Republic Management to continue its construction and operation.
RUDNÁ LOGISTICS PARK
Rudná Logistics Park is situated near the D5 motorway, exit 5 (Prague – Plzeň – Germany).
It has excellent access to the Ruzyně airport (approx. 10 minutes) and 80 bus connections
daily (Beroun, Zličín).
CTPARK BRNO
In the vicinity of the Brno-Tuřany international airport, this industrial park has an area of 2.2
million sq.m.
Northwest
Northeast
Southeast
Central Moravia
Moravia–Silesia
50
45
40
35
30
25
20
15
10
5
0
%
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