Competitiveness / Business and Industry
This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.
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Demand for warehouses in the Czech Republic is breaking records. Developers are responding with extensive construction
Clients' interested in new industrial premises in the Czech Republic had very little to choose from last year. Thanks to record demand, which reached a record 2.39 million sq m in gross terms for the whole year, vacancy rates fell to 1.63%, a historic low. The result was also affected by a lower volume of completed industrial properties, mainly due to the impact of anti-pandemic measures. However, this changed at the end of the year when a record 800,000 sq m of industrial space was under construction. The urgent need to meet tenants' enormous demand is also evidenced by the fact that the share of speculative development has once again increased after a longer period of inactivity.
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The multimodal complex of Brno Airport is complete. The last three tenants have joined a group of world-famous brands.
The multimodal complex next to Brno Airport, developed by Panattoni, is now fully leased. Tenants such as Coca Cola, DHL, or ‘Zásilkovna’ have been joined by major companies such as Erba Lachema, member of the Erba Group, Noviko, and Reda. In addition to its excellent strategic location near Brno-Tuřany Airport and the D1 motorway, it also offers excellent technological facilities for modern and sustainable business. The entire complex boasts a high rating of ‘Excellent’ according to the latest BREEAM New Construction standards, making it one of the greenest parks in the Czech Republic, and the greenest park in Brno.
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CTP expands inner city logistics footprint with additional €125m Czech investment in CTPark Brno Líšeň
CTP, Continental Europe’s leading listed developer and owner of logistics real estate by gross lettable area (GLA), has added 69,000 m2 of buildings and development land to its CTPark Brno Líšeň in the Czech Republic through a sale-and-leaseback transaction with Zetor Tractors, the Czech agricultural machinery producer. The acquisition marks a major step in the overall €125 million transformation of the former Zetor brownfield industrial site into a modern new park for light manufacturing, retail, research, and inner city logistics which CTP embarked on in 2019. The transaction sees CTP consolidating its ownership in the Líšeň district, increasing the total land size to 29 hectares. Upon completion, CTPark Brno Líšeň will provide some 150,000 m2 of lettable area with over 2,500 jobs.
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