The SKLAD association (Association of Competent Logistics Providers and Suppliers), of which 108 AGENCY is a member, has prepared a unique survey that reveals the trends and influences shaping the Czech logistics market. The result is a unique study that builds on the successful 2020 version.
On October 12, the autumn conference Real Estate Market Autumn 2022 took place, which was organized by the Stavební fórum. The event included a panel discussion on the subject of Investment, moderated by Lenka Šindelářová from the investment department of 108 AGENCY.
On one hand there is 1 million sq m of new warehouses this year alone, but on the other hand demand is decreasing. The length of leases required by developers’ increases to a minimum of five years versus the departure of some tenants from the e-commerce and automotive sector. Securing extensive leases and pre-leases by large logistics companies versus the need to sublet part of these premises. The growing importance of energy-efficient buildings and the emphasis on the lowest possible operating costs. The results of the third quarter on the domestic industrial real estate market show that the transformation of this entire segment has already begun, according to the recent report published by the real estate consulting company, 108 AGENCY.
The volume of real estate investment transactions in Q3 2022 reached 149 million EUR, which represents a 61% drop in comparison with Q3 2021. Cumulatively from January till September 2022, the investment volume totalled 1.4 billion EUR. If we added transfers of single assets and portfolios among related parties, the quarterly volume reached 390 mil. EUR, almost the same as in the same period last year. This is shown by data of the real estate consulting company 108 AGENCY.
Real estate in the Czech Republic is still an attractive option for international and domestic investors to invest and maintain the value of their money. So much so that the volume of investment in commercial real estate increased year-on-year in the first quarter by a massive 213%! This was the highest in Europe, although Italy (+ 151%), Belgium (+ 146%), Spain (+ 99%) and Germany (+ 93%) also show increased investment activity. This is evidenced in the international investment analysis by BNP Paribas Real Estate, the real estate consulting company, and its alliance partner for the Czech Republic, 108 AGENCY. In total, property changed hands in Europe for a total of €63.2 billion, which is 28% more than in the same period last year. This is the best quarterly result in the past two years.
1% – the supply of vacant warehouses and production premises in the Czech Republic has fallen to this record level. The second quarter of this year will also go down in the history of the domestic real estate market, with the largest lease to date within a single industrial property. In Panattoni Park Cheb, an undisclosed distribution company leased a total of 233,698 sq m of warehouse and office space. This ties in with the magical border of 10 million sq m of modern industrial space for rent in the Czech Republic being crossed at the beginning of June.
From April to the end of June, offices, warehouses and retail properties changed hands for €260 million in the Czech Republic. Compared to the first quarter, with a result of €917 million, this is a decrease in terms of total value – but the trend in the number of real estate deals is the opposite. There were 18 deals in the second quarter compared to 13 in the first. During the first half of this year, the volume of investments increased by 48% year-on-year to €1.18 billion. These results were published by the real estate consulting company, 108 AGENCY.
We did it together and completed the June challenge of 10.8 million steps in 30 days! This time the collected amount will go to Slovakia and help Jozef get back on his feet.
The 13th QUIKSILVER & ROXY SURFING CHAMPIONSHIP will take place in the south-west of France in the week of June 18 to 25. The event is held annually in the presence of competitors as well as fans of this sport from all over the Czech Republic and Slovakia. And 108 AGENCY as a proud and long-term partner can´t miss it.
