Cromwell European Real Estate Investment Trust has announced that it will be acquiring a portfolio comprising eleven Czech and Slovak logistics and light industrial properties with almost 125,500 sqm for EUR 113.2 mln from Arete Invest.
Prologis Research has released the second part of a research report called Automation and Logistics Real Estate # 2: How Automation Can Help Manage Current Supply Chain Challenges. The report describes how the growth of e-commerce over the last decade has highlighted the importance of logistics real estate for a modern supply chain. Logistics service users will need the right buildings with the right equipment and located in the right locations to meet the needs of the supply chain and, importantly, end customers who expect ever higher levels of service.
The Accolade Industrial Real Estate Fund has had a successful year. Despite the difficult period accompanied by the Covid-19 pandemic, it has added 170,000 m2 of new, environmentally friendly business premises worth 140 mil. EUR to its portfolio and brought its investors an appreciation of 9.38% in the euro and 12.66% in the Czech Crown class over the last year. Slovak investors can now also benefit from the growth of e-commerce and logistics.
"Industrial parks and centers can significantly help the start-up and growth of the economy. There will also be another significant trend in the development - a more cautious approach to speculative construction. The current crisis is a litmus test for the right construction strategy. Being too optimistic and having a lot of speculative space has not paid off for many," says Peter Jánoši, CEO of P3 Logistic Parks, about the current situation, which was significantly affected by the coronavirus crisis.
The highest priority of Prologis is always to provide customers with high-quality premises and top services in the sought-after locations. Prologis Park Bratislava is the company's largest logistics center in Central Europe, offering the best of Prologis services. As a result, it constantly attracts new customers and helps existing ones continue to grow.
They should build one of the largest industrial parks in southern Slovakia in Rimavská Sobota. This follows from the material submitted by the Ministry of Economy of the Slovak Republic to the inter-ministerial comment procedure. The total cost of its construction is estimated by the ministry at almost 12 million euros. The prepared area will then be offered to investors. The Ministry of Economy of the Slovak Republic expects that the industrial park will create an opportunity for the creation of at least 500 new jobs.
The COVID-19 pandemic had a positive effect on Slovak e-shops. As many as six out of ten online stores saw revenue growth during this period. One third by more than 30%. They also expect an increase in turnover during the current pre-Christmas period. However, even prosperous e-shops did not avoid difficulties. In particular, they struggled with suppliers' outages and logistics problems. These findings resulted from the fifth year of the E-shop Barometer survey, conducted by KPMG in Slovakia in cooperation with ui42.
Prologis, a global leader in logistics real estate, is launching its Europe-wide December charity initiative. As part of the campaign, the European team plans to donate more than 200,000 euros to charities and charities close to the communities where Prologis operates. The Europe-wide campaign highlights the major changes that small charities, community groups and volunteers can bring. The initiative also illustrates how large companies and their customers can help within the communities where they operate.
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