P&P: CR attracts foreign concerns' industrial properties

Published: 15.09.2021 Related countries:  Japan Japan

A growing number of international companies are considering a move to Eastern Europe.

The pandemic has exacerbated this trend. Amazon, Tchibo, and Bosch, for example, are currently using their premises in the Czech Republic to supply other European markets. This was reported by Prochazka & Partners (P&P). Head of Transaction & Consulting Services Petr Narwa said that currently, as part of the nearshoring trend, they are looking for premises for car parts manufacturers or other manufacturing companies from Western Europe. The aim of all clients is not to rely on one supplier and to diversify their production or warehouse portfolio in Europe. Real estate construction in the Czech Republic is approximately 25% cheaper than in Germany. Renting costs 20-30% less and personnel costs are often up to half less.