ARTICLES LABELLED WITH TAG Czech Republic

VGP has handed over its brand new premises to Dachser Czech Republic in VGP Park České Budějovice in the Světlík commercial zone. Hall D, which has just been completed, covers 14,000 sqm and was built to suit this international logistics service provider as a further extension of its existing premises in Hall C, which covers over 9,000 sqm. It will primarily be used for contract logistics. The building aspires to a BREEAM green certification of Excellent, VGP announced. 

Garbe Industrial Real Estate announced a strategic collaboration with Raiffeisenbank on their 49-hectare site at GarbePark Ceske Budejovice. The first building has been handed over to the client Taconova and is only the start of the up to 80,000 sqm development potential in the first phase, with over 150,000 sqm to follow. The strategic collaboration includes €20 million loan for Garbe development in Ceske Budejovice. 

Logicor has started construction of its first regional logistics park in the Czech Republic. The site, located close to key road networks linking Prague and the city of Liberec, was a brownfield and is being redeveloped in two phases to create two modern warehouses, totalling 20,000 sqm, including 1,800 sqm of office space. One of the buildings will have a cross-dock facility.

Accolade Group continues its international expansion. The Group recently expanded its portfolio with Croatia, its seventh European country. North of the city of Zagreb, Accolade has obtained a building permit for its first industrial hall of approximately 50,000 sqm. In parallel with this project, the group is working on other sites in the Balkans.

pbb Deutsche Pfandbriefbank has provided a €113 million investment loan facility to CTP, which will be drawn down in phases. CTP will utilise the proceeds for the refinancing of a logistics portfolio in the Czech Republic. pbb acted as arranger and sole lender under the facility.

The Ostrava-based construction company HSF System has formed a holding structure that includes a total of 26 companies. The new holding company, with sales exceeding CZK 3 billion (€122.2 million), is called Purposia Group. The main reasons for establishing the holding company are to increase efficiency and further expansion plans, HSF System announced. 

CEE's modern industrial and warehouse space exceeded 59 million sqm in H1 2023. In twelve months, over 7,6 million sqm was completed, expanding the market by 16%, and currently, an additional 5 million sqm is under construction. With a 19% share of the total size, the Czech Republic is the second largest market in the region, the first is Poland with 52%. The demand is decreasing, but the nearshoring trend presents new opportunities. Cushman & Wakefield presents its latest findings. 

As of 7 November 2023, Swiss Life Select Reality will be managed by Andrea Daňhelová, who was previously Director of Operations, Legal and Compliance. Andrea Daňhelová takes over the management of one of the most important real estate companies on the Czech market from Jaromír Mašek, who has been in charge of the company since its establishment in 2013. Swiss Life Select Reality is a subsidiary of Swiss Life Select. 

Cushman & Wakefield has appointed Magsud Rahmanov as the new Head of Hotel Transactions CEE & SEE and named him as a Partner. 

Dm-drogerie markt has signed an agreement to lease new warehouse space in Prologis Park Prague-D1 Ostředek. The new dm distribution centre will cover an area of 21,000 sqm and will also include offices.