Polish warehouse developer MLP Group signed 48 contracts last year to lease a total of nearly 300,000 sqm of warehouse space, approximately 50% more than in the preceding year. The property portfolio managed by MLP Group has already exceeded 1 million sqm, with a further 2 million sqm under development.

A new 21,000 sqm logistics park is under construction in the town of Valašské Meziříčí, located in the east of the Czech Republic. The third fund of the Arete Group is now starting construction with an investment of over €15 million. According to the investor´s plans, the first tenants will move in by the end of this year, the company reports on logistikadnes.

Panattoni is developing its fourth park in Bydgoszcz. The new complex will eventually comprise three buildings with a total area of more than 110,000 sqm. One is to be entirely occupied by Belma Accessories Systems, a Polish company owned by the Kurkus Holding capital group.

The warehouse and logistics space sector in Poland maintained its high growth rate in 2021. The results included, among others, record amounts of new space delivered to the market, a record number of square metres under construction, as well as a record demand. Summing up last year, experts from BNP Paribas Real Estate Poland highlight the influence of e-commerce on the situation of the whole sector, the increasing interest of logisticians, developers and investors in ecological issues. They also point out the bottlenecks such as rising construction costs, difficulties in materials supply, limited land availability and increasing shortage of qualified workers.

After delivering 400,000 sqm of warehouse space in 2021, 7R continues to pursue its expansion strategy with 800,000 sqm currently under construction throughout Poland. In Upper Silesia, the company is developing a number of projects including a production and warehouse facility at 7R City Park Katowice I, which will deliver over 49,600 sqm to the market. The project will be ready in Q4 2022.

Panattoni will develop a third building for Media Expert within the Central European Logistics Hub in Łódź. At the end of January this year, the owner of the store chain was granted early access to the 80,000 sqm centre, which is to be combined with two other existing buildings to form a national distribution complex for Media Expert. All three buildings have a combined area of 233,000 sqm. As well as these buildings in the administrative capital of the region, the chain has also leased 23,000 sqm in Panattoni Park Stryków III.

White Star Logistics, a joint venture between White Star Real Estate and Bain Capital Credit, is commencing the development of a 55,000 sqm logistics center in Raszyn. Within the investment, whose commercialization began at the beginning of the year, three buildings will be constructed in stages. 

The warehouse will be built as a part of GLP Park Lędziny in Silesia and used as a regular distribution depot for Maspex Group’s beverage division. Omega Pilzno will handle warehouse logistics and transport as part of the tender. AXI IMMO brokered the transaction.

The leasing of industrial and logistics spaces in Romania hit a record of 1 million sqm during 2021, with net take-up accounting for 80% of all traded volumes, according to real estate consultancy Cushman & Wakefield Echinox. 

After a very successful 2021, the Polish warehouse market continues to power ahead. In addition to the big five, new well-connected locations are coming up on developers’ radars. The growth of e-commerce continues to drive the construction of greener and more employee-friendly buildings. Challenges facing the market however include rising development costs, shrinking land banks and a dearth of warehouse workers. Newmark Polska asked the most active developers for their market projections.