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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Passerinvest plans to invest CZK 35 billion in this decade
Passerinvest Group (Passerinvest), which celebrated 30 years since its establishment in December of last year, is behind the urban transformation of the Prague locality Brumlovka in Prague 4, which is one of the largest projects of its kind in Central Europe. During this period, Passerinvest’s investment activity has enriched the state coffers by CZK 71 billion. In the last 16 years, it has also been involved in the preparation of the appropriate urban development of Prague - Roztyly. The company plans to invest an additional CZK 35 billion in both locations in this decade. The outlook includes commercial and residential projects, the expansion of civic amenities and publicly-accessible spaces for the general public.
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CTP reports full occupancy at its four industrial parks around Prague with the newest pharmaceutical tenant MAPO medical moving into CTPark Prague East
CTP, the largest publicly traded developer and operator of logistics and industrial real estate in Continental Europe, has handed over its last unit at CTPark Prague East in the Nupaky district in Prague, filling the last of its vacant capacity in and around the capital city. The last tenant to move into the newly constructed 13,000 m2 building with latest quality standards and a glass showroom is MAPO medical.
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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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