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The Czech industrial real estate market in Q3/2020: the 9 million sq m mark was exceeded in modern industrial premises during the pandemic
Industrial

The Czech industrial real estate market in Q3/2020: the 9 million sq m mark was exceeded in modern industrial premises during the pandemic

The pandemic, and the measures relating to it, had only a limited effect on the industrial real estate rental market, in particular with regard to the importance of the logistics sector, supply chains and production for the end consumer. In the third quarter, developers and tenants were catching up with the impact of the lockdown, and the situation in the fourth quarter will tell us more about business models in the coming year.

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108 AGENCY participated in a unique survey which reveals both trends and problems in Czech logistics and warehousing
Industrial

108 AGENCY participated in a unique survey which reveals both trends and problems in Czech logistics and warehousing

The survey was realised by the SKLAD (Association of Competent Logistics Providers and Suppliers) association in collaboration with the Ipsos research agency. The result is an extensive study which maps the trends shaping the logistics market in the Czech Republic. 123 managers operating in retail and wholesale company logistics, e-commerce, the automotive industry and manufacturing also took part in its creation.

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COVID-19 vs. commercial real estate: who will come out of the pandemic as the winner?
Investment

COVID-19 vs. commercial real estate: who will come out of the pandemic as the winner?

Commercial real estate has been under pressure from the coronavirus for several months now. At the beginning of the year 2020, a slight cooling of the market and reduction in demand was observed. And with the advent of March, it was clear that COVID-19 will also affect the real estate market. After the initial uncertainty, and reassessment of which operating model will pay off under the constantly changing conditions and restrictions, the situation is gradually stabilising. Today, we can evaluate which real estate market segments fared the best in the battle.

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Industrial premises’ vacancy rates rise

Industrial premises’ vacancy rates rise

In the first quarter of 2020, vacancy rates in industrial real estate in the Czech Republic reached a value of 5.0 %. The reason for this is not the virus pandemic, however, but rather a number of completed speculative projects which have not as yet found tenants. While many manufacturing sites have halted operations or closed, Czech e-commerce is growing rapidly. The real estate market in the industrial and warehouse sector has always come out of crises well, and any impacts from the coronavirus crisis are minimal.

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Vlčí hrdlo Business Park in Bratislava changes its owner and 108 AGENCY was there
Industrial

Vlčí hrdlo Business Park in Bratislava changes its owner and 108 AGENCY was there

108 AGENCY managed to mediate the sale of Business Park Vlčie hrdlo – a site suitable for redevelopment together with two office buildings in Bratislava. The Czech developer CONTERA has purchased it from the Natland investment group, which had managed the former brownfield with an area of 33,420 sq m since 2020. It wants to continue in modernization and revitalization of the premises and create the so-called small business units concept there.

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The impact of the global coronavirus pandemic is reflected across all sectors. Including commercial real estate
Investment

The impact of the global coronavirus pandemic is reflected across all sectors. Including commercial real estate

Extensive restrictions due to the coronavirus pandemic have also impacted the commercial real estate market. The first consequences are now evident, and many sectors may end up facing existential difficulties. At the current time, however, it is retail which is suffering most, its activities cut back heavily. We are going to have to wait a few months more, however, to evaluate the true consequences of the worldwide coronavirus crisis.

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