Coffee with Craig Show – daily CRE news covering the CEE region Friday, February 18 with Winston Norman Editor and Chief of EuropaProperty.com – 8,000 viewers weekly – 14,000 viewers on the Executive interviews.
Colliers Czech Republic advised Bosch Termotechnika on the sale of its equipped manufacturing facility to ISMM Production and Business Cooperation, a Czech manufacturing company supplying the manufacturers of agricultural machinery throughout the EU.
The property comprises a 14,000 sqm self-contained facility with 15 manufacturing, storage and ancillary buildings located on a 4-hectare plot that was used in the past for the industrial manufacturing of hot water boilers including small components and electronics. At its peak, the facility employed over 400 people.
Jan Matiasko, Managing Director of Bosch Termotechnika said: “We are very happy to have sold the property to a reputable buyer who will take over the entire facility and maintain manufacturing in Město Albrechtice offering employment opportunities for the local residents.”
Konstantin Cordery, Investment Analyst at Colliers Czech Republic said: “We are very pleased with helping Bosch identify the right partner for the acquisition of their manufacturing facility ensuring its further use and maintaining employment in Město Albrechtice.”
INVESTMENT VOLUMES IN THE CZECH REPUBLIC FALL IN 2021
Colliers report that the volume of investment fell for the second year in a row in 2021, although sales were 8 percent higher year-on-year in the last quarter. The largest investment in Q4 was the sale of the Generali headquarters in Prague with an area of 36,000 sqm.
Last year, the total volume of realized investments amounted to €1.79 billion. From this volume, offices had the largest share of 35 percent, closely followed by industrial with 32 percent. Retail and residential followed with 13 percent and 10 percent.
“The total investment volume in Q4 2021 reached approximately €579 million, this represents a ca. 30 percent increase quarter-on-quarter and a ca. 8 percent increase year-on-year. Aside from offices and industrial, the other classes were less active in the last quarter,” explains Josef Stanko.
With the possibility of the pandemic slowly coming to an end in Europe, the market has the opportunity to return to pre-covid levels of performance.
“If the investment market maintains its current momentum, we could expect the transaction volume in 2022 to reach somewhere between €2.0 and €2.4 billion. Investors should keep their eye on office and industrial assets. This, as last year showed, will always be a good lower-risk choice, with stable yields and some rental growth upside,” concludes Josef Stanko, an analyst at the consulting company Colliers.
FLAGSHIP RETAIL CONCEPT BY ADIDAS COMES TO WARSAW
The flagship adidas store in CEE will be located on several floors of the Wars Sawa building in Warsaw. This store will be the brand’s largest and newest concept in CEE, the most environmentally friendly and will use advanced sustainability solutions, customization of shopping experiences, and at the same time drawing on the sports heritage of the brand. It is all at the heart of the changes that the centre of Warsaw is going through.
“Alongside the changes taking place in the immediate environment, Wars Sawa Junior will also continue to evolve and adapt to the changing needs of customers and the growing popularity of an urban lifestyle,” comments Scott Dwyer, Group Managing Director – Retail, Atrium European Real Estate, the owner of Wars Sawa Junior.
The upcoming weeks will see interior works carried out in the premises of adidas. This unique and largest brand store in the CEE region will welcome its first customers at the turn of summer and autumn 2022. The entire lease agreement covers nearly 2,400 sqm of space across three floors.
TÉTRIS WITH NEW SUPPORT FOR OFFICE CORPORATE CLIENTS IN EMEA
Edyta Ledzion has joined Tétris Poland as the new Associate Director for Office Corporate Clients. She will be working with corporate clients across the EMEA region, building and developing relationships and tracking new business opportunities. Her focus will be to raise awareness of the Tétris capabilities in complex design and implement the Design x Build model with clients.