Czech and Slovak industrial properties are rapidly modernizing - 108 REAL ESTATE introduces a new classification
The quality of warehouse and manufacturing real estate in the Czech Republic and Slovakia is rapidly increasing. This is partly in response to changing tenant requirements, but at the same time, higher standards from Western Europe are making their way into both countries. The real estate consultancy 108 REAL ESTATE is therefore introducing a new system of classification standards for industrial halls at its Czech headquarters from 1 April to reflect this development. It will offer the market a truer picture of premium industrial parks.
The major change is the reduction of the A standard to only two types - A and A+. The A+ standard will mainly reflect recent developments in the field of energy and BREEAM certification. To qualify, properties must meet a number of mandatory (minimum) parameters and ideally also meet the recommended requirements. The characteristics of A+ standard buildings include, in particular, a minimum clear height of 10.5 metres, a floor load capacity of at least 5t/m², BREEAM Excellent certification and above or preparation for photovoltaics, heat pumps or electric vehicle charging. Additional criteria include BIM management, use of grey water or intelligent lighting.
The A+ group includes existing industrial complexes such as Panattoni Park Kojetín, Urbanity Campus Tachov, LOGICOR Příšovice, VGP Park Ústí nad Labem City, CTPark Blučina or P3 Park Jeřmanice. Among those under construction, the 108 REAL ESTATE team places CTPark Kasárny Plzeň, GLP Park Praha Kozomín, GARBE Park České Budějovice or LOGICOR Prague-Průmyslová in the highest category.
"By changing the classification, we are responding to the development of the industrial real estate market in recent years, which reflects not only the new needs of customers, but also the preparation of European industry for greater energy self-sufficiency. The new requirements are not only related to energy-efficient operation, but also to facilities for employees or preparation for robotization. This will have an impact on the cumulative volume in each segment. Although the lower B and C levels are only minimally affected by the changes to the criteria, the rapid development of construction and the quality of refurbishment may contribute to a greater change in the volumes on offer in each category."
explains Michal Bílý, Head of Research, 108 REAL ESTATE.
Part of the transition to the updated methodology is the new design of 108 REAL ESTATE's interactive map of industrial real estate and land. It is not only adapted for mobile phones, but also allows consultants and selected partners to make changes to the map directly in the field. The map has been tested with selected partners for approximately half a year and once the new design and functionalities are launched, it will be ready for access by the wider professional public on a subscription basis.
Other functionalities include a more comprehensive view of the real estate market. Important transport hubs such as ports, airports, multi-modal terminals as well as factories and other key properties will now be included. 108 REAL ESTATE also maps those standing outside the standard leasing market. The map will now offer detailed descriptions and statistics, take into account the portfolios of developers and also provide a clear overview of tenants for each location.
The data will be visualised, attractively graphicised and can be filtered, for example, by construction dates, vacancy rates or planned projects. Selection criteria include, among other things, current macro data such as regional GDP or unemployment rates, rental levels or land sales prices. As part of the average salary overview, the tool will also offer data for selected positions in the industrial and logistics sector.
"The new statistics and data visualizations will help to better orient the market and in decision-making for clients, developers, municipalities and other partners,"
adds Ondřej Konopásek, COO of 108 REAL ESTATE.
Later this year, a new CRM will be launched on the same platform to connect the entire ecosystem of market information. This will enable the most up-to-date data to be generated in real time for clients, including reports that take into account regional and local supply and demand trends as well as other relevant data. Once completed, it will be one of the most effective tools for monitoring and analysing the industrial space market in the Czech Republic.