GLP has leased 20,000 sqm of logistics space across two logistics parks in Czech Republic and Slovakia. The company is developing further GLP Parks in Ostrava and Brno, with an additional two developments in the pipeline for next year.

Panattoni has completed the shell stage of another huge commission for the e-commerce sector. In Żerniki near Poznań, the developer is building a BTS facility with an area of 105,000 sqm for DHL Supply Chain. The latter company will use the space to carry out the logistics operations, among others, for Zalando required for distribution to several European markets – including Poland and Germany.

According to Savills, the development pipeline for the Czech industrial market reached the highest level in history in Q1 2021. There were 47 industrial buildings in various stages of construction with a total rentable area of 734,200 sqm across the country. Speculative projects represented 36% of this construction pipeline, which was well below the 10-quarter average of 46%.

Astonishing gross take-up totalling 1.6 million sqm is the best ever quarterly result for Poland’s industrial market. Developers are also maintaining the pace with 2.3 million sq m under construction. Advisory company JLL summarises Q1 2021 on the industrial market in Poland.

Panattoni is expanding Panattoni Park Gorzów, where it has recently secured another tenant. Global logistics operator Fiege has leased 11,000 sqm in the park, which the company will use for the logistics operations of a client from the production sector. Panattoni Park Gorzów should be completed in November this year when it will comprise almost 70,000 sqm. The entire park is to be BREEAM certified at the ‘Very Good’ level. 

Developer Warehousing & Logistics EOOD (W&L) has begun the construction of the newest industrial park in Bulgaria, called Logistics Park Sofia (LPS). The park is located about 8 km from the capital Sofia. W&L is planning to build 4 warehouse buildings in the complex which will span more than 116,000 sqm of industrial and office space that will be available to potential tenants. So far this is the first Bulgarian logistics park with such a high concentration of industrial space.

Biuro Inwestycji Kapitałowych started the second stage of development of the BIK Park Wrocław logistics park. The project will provide approx. 22,500 square meters of warehouse space. Consequently, the surface area of the entire complex will reach the target level of approx. 47,500 square meters. The construction works are planned to be completed by the end of this year.

Despite the COVID-19 pandemic, warehouse take-up hit a record high of 1.6 million sqm, reveals an industrial market summary for Q1 2021 released by global real estate services firm Cushman & Wakefield. The strongest leasing activity was reported in Poznań, the Warsaw area, Upper Silesia and Central Poland.

Agricultural products maker Corteva has pre-leased around 23,000 sqm of industrial space in a built-to-suit warehouse located in northeastern Bucharest. 

Knauf Industries Polska, the world’s leading polystyrene processor, has renegotiated its lease agreement and increased its warehouse and office space in Panattoni Park Wrocław II to 18,000 sqm. The tenant was represented during the negotiation process by real estate advisory firm Cresa.