Total demand on the Budapest industrial market amounted to 79,660 sqm in Q1 2020, indicating a 5% decrease from the figure noted in the same period last year. Lease renewals accounted for an outstandingly high ratio, reaching 85% of the quarterly volume. The Budapest Research Forum published its quarterly industrial market analysis

Panattoni is building the first modern multi-tenant distribution centre in the Warmia and Mazury region. Panattoni Park Olsztyn, featuring in excess of 36,000 sqm, will be delivered in the Stawiguda commune, in the immediate vicinity of the Olsztyn Południe junction, connecting S51 with S16, approx. 20 km from the S7 route. The project will be implemented in several stages and the first tenants will able to move to in as early as August this year. One of the factors which made the launch of the project possible was the lease by A&E Clothing, an American company specialising in textile recycling, which will take up in excess of 7,500 sqm of office and production space. The deal was negotiated on behalf of the customer by Axi Immo.

Warehouse developer 7R is to build a specialized facility for Cefea – a company dedicated to the manufacturing, distribution and import of pharmaceutical products. The tenant will move into 7R City Flex Warsaw Airport I in July of this year.

IEE Sensing Slovakia has expanded at CTPark Košice. The manufacturer of automotive sensing systems has opened a brand new space, which will house the company's R&D Center. The company will also run its main European warehouse from the park. The premises built according to the strictest energy criteria were provided by CTP.

Hartwig Gdynia has leased 5,200 sqm of warehouse and office space in the Pomeranian Logistics Centre. The tenant was represented during negotiations by Cresa.

At the start of the year, investment into Polish commercial real estate was dominated by logistics. Warehouse assets worth €1.46 billion changed hands in Q1 2020, which almost equals the annual total for 2019 of €1.48 billion, according to a report by Renata Osiecka, AXI IMMO’s Managing Partner.

Panattoni received a BREEAM International New Construction certification with a Very Good rating. The new endorsement was awarded to the developer’s 60,000-square-metre project for Amazon in Okmiany near Bolesławiec. The facility was recognised for its features, including the water system which obtained the highest possible score.

Furniture retailer Jysk will begin building a new distribution centre in Ecser, Hungary in April. When in operation, the €200 million distribution centre will employ around 300 people and further strengthen the company’s logistics setup in Europe, the company announced.

Developer 7R has signed an agreement for a BTS warehouse facility for Hultafors Group, a leading Swedish company that provides a number of premium brands, such as Snickers Workwear, Hultafors Tools and Solid Gear, to professional craftsmen all over the world. The project, located in Goleniów (North-Western Poland), will be the country’s first A-class automated warehouse which uses the AutoStore system.  

In Q1 2020, Panattoni signed leases for more than 425,000 sqm, of which 207,000 sqm were taken up in March alone. There was 1,051,777 sqm under development, and since the beginning of its European operations, Panattoni has delivered 10 million square metres, with 7.6 million of that in Poland.