Does anybody really know where Amazon is going? The Czech industrial sector hasn’t been getting much sleep lately, what with everyone’s falling over themselves to woo the world’s largest on-line retailer. The site will have to be ready to go almost immediately, and with 30 ha rumored to be needed, there can’t be that much choice.
You’d think that choice would be made simpler depending on exactly which market is supposed to be served by the huge shed (rumored at 100,000 sqm). Will it service CEE and Austria? Then Brno would make sense (and might explain some recruitment sounding letters going out to students there). Will it serve Germany? Then surely, it will have to be placed west of Prague. But it will need quite a lot of people as well, so it’s unlikely to be a remote site.
If you have a hint, or a clue, drop us a line. Anonymous tips are always welcome in the tip box.
Prologis Park Budapest/Sziget
Prologis announced that its European operations produced 615,000 sqm in leasing activity, including a 17,500 sqm new lease in Prologis Park Pilsen-Stenovice to an existing 18,000 sqm client, a 20,400 square meter build-to-suit expansion at Prologis Park Hunxe in Germany, and a 20,500 sqmlease extension with UTi Hungary Logistics LLC at Prologis Park Budapest/Sziget.
Worldwide, the company leased 3.3 million sqm of space and beat expectations by finishing June with a 92.4% occupancy rate (details here). Same-store net operating income rose 0.4% over the same period in 2011.
Segro Industrial Park Tychy in Poland has a new tenant, following the conclusion of a lease deal with Top Plastics Poland for nearly 2,800 sqm of warehouse and production space. The company develops and produces automobile components for companies such as Fiat Auto and Denso. It’s moving into an industrial development that should eventually offer 56,000 sqm of leasable space, located 22 km from Katowice. Cushman & Wakefield advised the landlord in the transaction.
Top Plastics Poland has leased almost 2,800 sq.m of warehouse and production space with an office and social unit in SEGRO Industrial Park Tychy.
The Czech Industrial Research Forum is reporting that the total stock of modern warehouse space rose 75,600 sqm in Q1 2012 to 3.9 million sqm. It adds that another 132,500 sqm is under construction, suggesting that the market isn’t quite as dead as people have been making out. Over the same period, gross take-up was 130,700 sqm, a 30% drop from Q4 2011. Net take-up, the number developers really worry about fell 43% to just 89,000 sqm. Vacancy rose for the first time in two years to 7.3% from 6.7% in Q4 2011.
Valad has a couple new industrial signings to boast about, toalling 3,390 sqm in Čestlice Business Park and Břeclav Industrial Park. Sanitop has signed up for four years (1,120 sqm of office and warehouse) in Čestlice, while Hobby Car has a similar mix going on in Břeclav. “To have secured these two new high quality tenants in the Czech Republic is an excellent result for the CEIF fund,” says David Svoboda, Country Manager for Valad in the Czech Republic.
A local paper in Romania is reporting that the German automobile electronics supplier Bosch is considering investing as much as €60m into an industrial park in a Cluj-Napoca factory. The article says the company could hire up to 2,000 people to work at the facility.
PointPark Prague D8 has a pair of new tenants to attend to now: Noark Electric Europe and Topsteel. Both companies have moved to building DC03. Noark Electric signed up for 878 sqm of warehouse space and 95 sqm of office, while Topsteel signed a contract for 1,747 sqm of warehouse and 358 sqm of office. PointPark Prague D8 currently offers 7,500 sqm of completed space with option to add further three buildings totaling 62,300 sqm, most likely for BTS solutions.