Czech Business & Trade 3/2018

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LOGISTICS ing an area of 97 800 sq. m are situated in the Park, which has a potential for the construction of another 40 850 sq. m of surface area. In mid-2018, the buildings of Prologis, just as all the other new structures in Central and Eastern Europe, will undergo a sustainability test within the framework of BREEAM accreditation. • ARETE INVEST IS PLANNING TO ENLARGE THE INDUSTRIAL PARK Arete Invest, too, is preparing to enlarge the Lovosice Industrial Park. In March 2018, this rapidly growing Czech real estate investment fund signed a new five-year lease contract with the Fiege logistic company for the rental of warehousing facilities in Arete Park Lovosice. In April, the company enlarged its warehousing surface area by 7 500 sq. m more to a total of 9 600 sq. m. “By signing the new lease contract, we have stabilised our logistic park in Lovosice for five more years. At the same time, we are preparing the ground for the development of 11 000 more sq. m of storage and manufacturing surfaces,” says Tomáš Novotný, member of the Investment Committee of Arete Invest CEE II Subfund, responsible for asset management. On the newly rented surface, Fiege company will be serving the company of Automax, which is relocating its inflammable materials and chemicals store from its branch in Brno. The enlargement took place within the framework of the existing logistics building previously rented to the NCH company. The German company, Fiege, is one of the largest logistic firms in Europe. It employs more than 12 000 people in 15 countries worldwide. Arete Park Lovosice is situated in a strategic locality at the exit from the D8 motorway near the German border. The high demand for renting logistic space in this locality has called for the expansion of the entire Park. The current rentable surface area of 18 500 sq. m has an occupancy rate of 92 %. • ACCOLADE OWNS MORE THAN 400 000 SQ. M OF INDUSTRIAL PROPERTY Accolade has already acquired more than 400 000 sq. m of industrial property. The Accolade fund owns 20 rental buildings for light industry and logistics in eight parks in the Czech Republic and Poland and is finalising the acquisition of another property. When this acquisition has been completed, the Fund will be the proprietor of more than 400 000 sq. m of industrial property, worth an aggregate of seven billion Czech crowns. All its properties have a 100 % occupancy rate. “Less than four years since its establishment, Accolade has become the fastest-growing owner of industrial property in the region,” says Milan Kratina, Chairman of the Board of Accolade Industrial Fund. “For comparison, the Fund started the year 2017 with a real-property portfolio comprising an aggregate of 128 000 sq. m of rentable surface. Together with the transactions which are now in the pipeline, it will own industrial property covering an area of 404 000 sq. m worth EUR 274 400 000,” Kratina adds. Its most recent acquisition is a building with a surface area of 26 564 sq. m in Ostrov near Stříbro. It has been fully rented to KION, which is running one of the world´s most up-to-date engineering works there. Its core programme is the manufacture of robotic equipment for automated warehouses. KION is the renter of a neighbouring building also belonging to the Fund, where it manufactures logistic carts. Both buildings have been leased for 15 years. A deal to purchase 32 000 sq. m of surface in the industrial park in Cheb is awaiting signing. The property is an extension of a building already located in the park and owned by the Fund, where DHL operates an Esté Lauder cosmetics centre. The original property is also rented to DHL as a service logistic centre for Sky Deutschland. The expansion of the centre for Sky Deutschland covers a surface area of approximately 2 000 sq. m. The remaining 30 000 sq. m will serve Estée Lauder as a new distribution centre. Last year, the Fund also purchased the second largest industrial rental building in the Czech Republic, which covers a surface area of 73 000 sq. m, leased to Tchibo in Cheb as a service facility for its clothing and accessories e-shop. The Fund has made its first entry into the Prague logistic market, where it acquired a building covering a surface of 1 000 sq. m. In Poland, the Fund has invested in industrial parks in Lublin, Stettin, and Bydgoszcz. • THE P3 INDUSTRIAL DEVELOPER PURCHASED A LOGISTIC PARK IN LOVOSICE FROM HB REAVIS P3 Logistic Parks acquired new property in the Ústí Region – the P3 Lovosice Cargo – and is now the renter of the entire park. P3 uses the surface area of 43 500 sq. m as its base, including offices. The new park is situated not far from the container transport international terminal, to which it is directly connected by a railway siding. The existing P3 Lovosice Park, the purchase of which the company announced in August 2017 and for which it already found the first renter in November of the same year, is situated in the vicinity of P3 Lovosice Cargo. When the P3 Lovosice has been completed, P3 will own more than 168 000 sq. m in the region for warehousing and light production in its two parks. These industrial parks could create several hundred new jobs in the Ústí Region. Good availability of labour adds largely to the attractiveness of both P3 parks, considering the labour supply problems experienced by most companies on a long-term basis. The parks are also easily accessible to workers, thanks to the nearby bus and railway stations. Photo: Cushman & Wakefield archives | 40
CZECH BUSINESS AND TRADE The Brno Industrial Market is Experiencing a Relatively Great Boom The Brno industrial market is experiencing a relatively great boom. The new industrial development projects are a continuation of the recent boom in administrative building construction in Brno. The projects are prepared by important international firms as well as local developer groups. Important clients have chosen Brno as an integral part of regional expansion. A characteristic feature of the supply of commercial industrial property in the environs of the Czech Republic´s second largest city is the long-term dominance of the CTP developer company. The surface area of its parks in Brno is more than 780 000 sq. m. VGP, the second largest developer of national significance, controls only less than 32 000 sq. m. According to the 108 AGENCY real estate consulting company, however, a change awaits Brno as regards industrial construction, in connection with the notified arrival of important developers led by Prologis and Accolade. “Strengthening competition between the developer groups will create a highly competitive environment, which will bring benefit to both the existing and the new renters in the form of better leasing conditions,” says Marek Sýkora, 108 AGEN- CY´s consultant, specialising in the South Moravia Region. The American developer company, Prologis, is preparing a completely new logistic compound in the locality close to the D5 motorway near Syrovice. Its plans provide for the construction of three halls in the locality on a surface area of approximately 90 000 sq. m. Another logistic zone could arise in the vicinity of Brno Airport in connection with last year´s entry of the important Czech developer group, Accolade, into the Letiště Brno (Brno Airport) Company. Local developers, too, are showing interest in building new industrial parks. An example is the project of a new park in Rosice, where the construction of halls covering an area of up to 9 000 sq. m is to begin next year at the latest. The exclusive representation of this project has been entrusted to 108 AGENCY. The new transactions indicate the growing interest of clients in Brno and its environs. For example, Tamda Foods is renting another unit in CTPark Brno, covering a surface area of 1 723 sq. m, in continuation of its expansion started by its announced construction of a complete distribution centre in Prague´s Hostivice district to cover an area of 20 000 sq. m. Other interesting transactions are the renting of space for Bravo Europa, which will be using an additional 6 700 sq. m in the M7 Ivančice Industrial Park, and the renting of another 1 800 sq. m of surface by Rental PRO in the Pozemstav Park. In year-on-year comparison, before the end of the first quarter of 2018, 108 AGENCY had already mediated 80 % of the volume of transactions mediated in the whole of 2017. Those transactions included, for example, the renting of 3 000 sq. m of surface area for the important DSV logistic company and 3 524 more sq. m of distribution space for the Rohlík.cz company. 41 |
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