GLP has leased all the premises of the first phase of the newly built GLP Park Ostrava Hrušov complex. The first tenants include Prosperplast, Logflex and Hyundai Steel Czech. They are expected to move into the premises during the spring. The expensively revitalised site of the former chemical plant is thus coming to life and will gradually offer more than a hundred skilled jobs, says the company on their website.  

Panattoni has completed a production and business centre for Danfoss Poland. The 13,000 sqm complex of buildings together with its accompanying facilities was completed a year after the launch of construction work. Dekpol was the general contractor. 

White Star Logistics, a joint venture between White Star Real Estate and Bain Capital Credit, will build a 30,000 sqm logistics and manufacturing park in Łodź. The complex will consist of two buildings, the first of which will be commissioned in the first half of 2023. This is another investment of White Star Logistics, which was announced in recent months - after warehouse parks in Raszyn, Nowy Konik and Toruń. 

Blackbrook Capital, a European independent real estate investment firm focusing on mission-critical supply chain assets, announced the funding for the development of a 45,000 sqm Class-A logistics facility in Western Poland.

GLP has launched the development of two new warehousing projects in Poland: the third phase of construction at Poznań Airport Logistics Centre and the first building of Warsaw V Logistics Centre.

Property investor Globalworth has purchased a small business units logistics project previously developed by CATTED in Chitila, near Bucharest. Furthermore, the two companies will acquire a land plot of around 45,000 sqm in Ștefănești for a new logistics investment.

Accolade expands in Bydgoszcz, ultimately investing over €200 million in four modern warehouse parks, with a total area of over 240,000 sqm. At the same time, the investor is launching a new, €40 million project in nearby Piła. 

Within a month, BSH, the largest producer of home appliances in Europe, will be using over 12,000 sqm within Panattoni Park Business Center Łódź III. The building will be used for storing tumble dryer components. This far Panattoni has delivered three developments with a combined area of around 150,000 sqm for BSH. Moreover, as part of the CEL Hub, the developer has delivered Appliance Park for component suppliers that serve the BSH factory. 

Real estate advisory firm Savills anticipates that some of the immediate knock-on effects of the war in Ukraine on the Polish logistics market will include sustained demand for new warehouse projects amid construction difficulties and a prospect of rental growth in ready-to-occupy facilities.

According to Savills latest report, 2021 was the best year on record for the Czech industrial market in terms of tenancy activity, despite the low volume of new completions and extremely low vacancy rate. Gross take-up totalled a staggering 2.32 million sqm, being 53% higher than the previous record of 1.55 million sqm seen in 2020. Annual net take-up (excl. renewals) reached 1.48 million sqm, a 46% increase over the former record of 1.01 million sqm registered in 2017, Savills reports.