Develia has signed a letter of intent on a joint venture with Hillwood Polska regarding the intention to jointly invest on a property located in Malina near Wrocław, involving the construction of a logistics centre with an area of ​​at least 400,000 sqm of GLA. The estimated value of the entire project will exceed PLN 1.5 billion.

In 2021, Poland's warehouse market recorded another outstanding result. The seven most important highlights included a record-breaking volume of investment transactions, take-up, and space under construction. The total industrial stock at the end of December 2021 amounted to more than 25 million sqm, with the vacancy rate indicating only 3.72%.

Belgian developer Alinso Group has purchased the Metav Business Park in northern Bucharest from Metav S.A. for an undisclosed sum.

Panattoni is once again developing a project for DB Schenker near Poznań. In the second quarter of 2022, the logistics operator will occupy over 20,000 sqm in Panattoni Park Poznań XII, where it will serve its client from the automotive sector. The two companies have worked together in Panattoni Park Poznań VIII in Komorniki. The building will feature reinforced floors, suitable for forklifts that use the inductive loop technology. Panattoni will also deliver numerous green solutions, which should allow the project to obtain the BREEAM certification at the “Excellent” level.

Industrial developer HelloParks will use the €82 million (approximately HUF 30 billion) loan to build its industrial and logistics park in Maglód which is being developed in several phases. The next, second building is planned to be handed over in the last quarter of 2022.

Panattoni Park Koluszki, with a target area of ​​39,800 sqm, is now 60% leased. In September this year, more than 13,500 sqm will be occupied by international auto parts supplier Kamoka. The tenant was represented by Axi Immo in the selection process for the location and negotiating the contract.

Romanian e-commerce player eMAG is investing in a new warehouse spanning more than 100,000 sqm near Budapest, which is the company’s first development of this kind outside the country. 

Delivery firm Cargus has started operations last September in a warehouse covering 15,000 sqm in CTPark Bucharest that will accommodate fulfillment demand of e-commerce companies. 

Panattoni is to open up a new warehouse market in Central Poland. The developer has purchased a site in Pabianice, where it plans to deliver a park with a total area of ​​95,000 sqm. The first building is to be completed this June and has already been leased by one of the leading electronic store chains in Poland. Panattoni Park Pabianice will be situated close to the S14 expressway, just 35 km from the junction of the A1 and A2 motorways, which means efficient distribution to markets across Poland. The three-building complex is to undergo BREEAM certification at the ‘Excellent’ level.

Industrial developer CTP reported a net profit of €1 billion in 2021, up 306% year-on-year over expansion across the Central and Eastern Europe markets and increasing demand for warehouse space.