GLP starts construction of warehouse at Kraków Airport

09
Nov
2022
News - GLP starts construction of warehouse at Kraków Airport #Cummins #GLP #industrial #Kraków #Poland #warehouse

by Property Forum | Industrial

GLP announced that the last building developed at its Kraków Airport Logistics Centre in Modlniczka, near Kraków, will have Cummins as its main customer. The building will be ready next spring.


GLP Kraków Airport Logistics Centre offers a total of 174,000 sqm of logistics and light industrial space. There is still 2,500 sqm available for lease in the building, which will be completed in May 2023. The site is located 300 metres from the Kraków Ring Road (Expressway S52) junction, within a mere 1 km of the city limits and 4 km from Kraków-Balice International Airport.

The development, which is GLP’s largest project in Lesser Poland, will be home to a division of Cummins that provides after-sales service for all products powered by Cummins engines. Cummins delivers solutions for specialist vehicles and critical applications, e.g. power generators. At GLP Kraków Airport Logistics Centre, Cummins will open a 3,500 sqm high horsepower engine rebuild facility. The company will also use 940 sqm of office space. 

The $10 million investment, due to open late 2023, will be the new base for Cummins Poland, which will also be home to its main operational facility in the country, including a warehouse, workshop, and administrative offices. Staff will transfer to this new improved facility, located only 7km from the currently site. 

Artur Szczepaniak, Senior Technical Development Manager at GLP, commented: “Located near Kraków, our park is an ideal solution for businesses that combine manufacturing or maintenance operations with office work or customer service. The latest building within GLP Kraków Airport Logistics Centre has been designed in close cooperation with the main customer, taking into account the specific requirements of Cummins, thanks to which its staff, regardless of the type of tasks performed, will benefit from an optimal working environment.”




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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