According to Savills, the average spread between prime industrial and prime shopping centre yields across mainland Europe has converged for the first time in its historic series as demand for logistics and soars as a result of increased levels in e-commerce.
Logistics company FIEGE has recently signed three transactions for 38,600 square meters at Prologis Park Budapest-Harbor, of which 19,600 square meters are new leases, including the just-completed new Building 11 totalling 14,000 square meters. With a total leased area in the park of 59,000 square meters, FIEGE has become the largest customer of Prologis in Hungary.
Panattoni will build another warehouse and manufacturing park in Silesia – Panattoni Park Zabrze II. The 44,000-square-metre project will be delivered in Zabrze, at the Katowice Special Economic Zone. The first customer has already leased 14,000 sqm at the park.
Accolade is entering Gorzów Wielkopolski with a project worth nearly €47 million. The first stage of construction of the new BREEM certified industrial park will be completed next month. Lease agreements have already been signed by Logoplaste and Omnipack.
Panattoni has completed the development of the largest warehouse facility in the Warsaw region – A2 Warsaw Park. The building, totalling close to 104,000 sqm, was delivered in Adamów, right next to the Grodzisk Mazowiecki junction on the A2 motorway. Nearly half of the space provided by the developer has been taken up.
Savills Investment Management has signed a new lease agreement involving Gate One Business Park in Warsaw. An international company dealing with data centre services has leased 21,000 sqm of the modern space at the Gate Two building. The term of the agreement is 15 years.
Ekol Poland has rented 23,500 sqm in Panattoni Park Poznań VII, on which it will carry out logistics processes for the outdoor clothing producer - Regatta. The implemóented operations will ensure integrated sales, both in the e-commerce channel and in stationery stores, as well as support wholesalers. The lease transaction was mediated by Axi Immo.
The sixth instalment of Prologis’ special report series suggests that any demand slowdown will be short-lived as logistics real estate is poised to benefit from the acceleration in the transition to e-commerce.
Transport company BHS Trans is to build a new logistics warehouse centre on 10,000 square metres in Debrecen, Eastern Hungary. The warehouse is part of a HUF 7.5 billion investment project, which the state supported with a HUF 3.4 billion grant. The facility will go into operation in early 2021 and the project is to create 165 new jobs.
The portfolio of European Logistics Investment BV (ELI) is expanding thanks to a new investment located in Silesia. Together with its strategic partner Panattoni Europe, ELI will deliver a BTS warehouse and industrial space for the Weber company. The 50,000-sqm facility will be developed in Zabrze with the tenant moving there in the second half of 2021. The warehouse in Zabrze expands ELI's portfolio located in Silesia.
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