Prologis has announced that it will deliver an additional 20,500 square metre facility for Mall.cz, an online consumer goods and electronics store at Prologis Park Prague-Jirny. The building is scheduled for completion in the third quarter of 2016.
Demand for industrial space lifted significantly in Q1 2016 in Budapest industrial markets and the hegemony of BTS projects has not broken yet. In the Budapest-South submarket vacancy rate dropped to 4.4% triggering two speculative projects, CBRE reports.
The vacancy rate in the Czech Republic industrial market reached 4.2%, having decreased by 96 bps since Q4 2015. The Industrial Research Forum has announced its final industrial market figures for Q1 2016.
The vacancy rate on the Budapest industrial market declined 2 percentage points to a level below 10%. The Budapest Research Forum has published its Q1 2016 industrial market snapshot.
Prologis announced that it has begun development of a 21,000 square metre speculative facility at Prologis Park Budapest-Sziget. This will be the first speculative logistics building in the Hungarian market since 2008. Completion is scheduled for the third quarter of 2016.
Prologis has announced that it has completed a 30,000 square metre expansion of a distribution facility in Rawa Mazowiecka – located in Central Poland – for Pepco, a leading clothing and houseware retailer. Construction ended three weeks ahead of schedule. Once operational, the facility will serve as Pepco’s Central European distribution hub.
In February 2016, JLL´s Industrial Agency has successfully negotiated the lease agreement on behalf of Autodoprava Hod in VALAD Uhříněves Industrial Park.
Prologis has announced that it will expand Prologis Park Prague D1 East by developing two additional buildings, DC8 and DC9, totalling 10,360 square metres, for which two pre-leasing agreements have been signed prior to construction.
The Central and Eastern European region has achieved a significant improvement in its desirability as a logistics location. 8 sites from the region have successfully made it to the top 20 list of most popular European locations, which is a 100 percent increase since 2013. Prologis VP Laszlo Kemenes (MRICS) analysed the trends that shape the real-estate market in and around Budapest, and talked about the future projects of the company.
Signify is relocating its existing headquarters in Lódź. The new office, located in the city centre in the Hi Piotrkowska complex, has an area of over 2,800 sqm. The tenant was assisted in the signing of the contract and the process of arranging the new office by the consulting firm CBRE.
Magwise Medical Centre is a new tenant of the Wola Retro office building in Warsaw owned by Develia. The clinic, which specialises in mental health, has taken nearly 390 square metres of space on the ground floor of the building.
Logistics company Fiege will lease approximately 5,000 sqm in the ONE industrial park in Lovosice built by Cromwell Property Group. The transaction was arranged by Matěj Indra, head of the industrial department at 108 Agency Czech Republic.
New appointments
Lucia Niculae has been appointed Business Development Director of Romanian construction company Pedro Construct. She has been an investor since 2018 and currently manages her own property portfolio.
108 Agency promoted Matej Indra to Head of Industrial Agency for the Czech Republic.
Michał Ozimek has joined the Valuation department at Corees Polska - Commercial Real Estate, taking up the position of Senior Valuation & Investment Analyst. Working in the agency's Warsaw branch, he will be responsible for supporting processes related to the development of property valuations.
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