Dunwell brokered a transaction for TeraPlast for 5,000 sqm (1,500 sqm of warehouse space and 3,500 sqm of outer platform) in Mega Distribution Center’s park in Chiajna. The relocation from the northern area into this new space aims at increasing the efficiency of the company’s distribution activities.

Panattoni has embarked on a new project, Panattoni Park Tricity East III, totalling close to 33,000 sqm. The park will be completed in a single phase and has already found tenants for more than 26,000 sqm. They are logistics operators: Greenyard Logistics Poland, providing services to the FMCG sector, which will take up close to 12,000 sqm, and Omega Pilzno, specialising in comprehensive supply chain services, with a lease of 14,500 sqm. Project commissioning is anticipated in Q1 2021.

Panattoni has bought 14.8 hectares of land in Central Poland to build Panattoni Park Stryków IV. The project, which will feature 74,000 sqm at full build-out, will be developed at the intersection of the A1 and A2 motorways. Construction kick-off is planned for Q3 2020.

7R, a Polish warehouse developer, is implementing new technology to manage the risks connected with flat roofs. The "Smart Roof" platform, developed by Sense Monitoring, helps to prevent roof overload by alerting the building's manager in advance of potential danger. 7R will apply the system in the 7R Park Gdańsk II logistics complex in Kowale, where a monitored roof will cover over 60,000 sqm of modern warehouse space.

Panattoni has leased approx. 7,300 sqm to DSV Road at City Logistics Łódź II. The facility will be handed over to the tenant in the coming June. To date, the developer has completed 10+ projects for the DSV Group, developing approx. 170,000 sqm of space in total in Poland and the Czech Republic.

In Central Europe, 5 buildings totalling 160,000 square meters are currently under construction by Prologis. The company published its first-quarter 2020 earnings results,

Panattoni has just bought land in Czeladź, the location of many previous projects by the developer. Construction works on the next distribution centre, the 36,500-square-metre Panattoni Park Czeladź V, will commence during this quarter.

Panattoni has started the implementation of two sorting plants for DPD Polska. They will be built as part of Panattoni Park Gdańsk Airport and Panattoni Park Poznań X, each of which will have an area of approximately 3,600 sqm. The tenant will start operating in spring 2021.

Urbano Parks, a development company created by entrepreneurs Mircea Ilea, Alexandru Serban and Daniel Paraschiv in Cluj-Napoca, said over 95% of construction works on the first phase of Urbano Cluj Vest logistics park have been completed. The first tenants could move in next month.

VGP, a European provider of high-quality logistics and semi-industrial real estate, has successfully priced an offering of €200 million in gross proceeds by means of a private placement of new ordinary shares via an accelerated bookbuild offering to international institutional investors of 2.00 million new shares (approximately 10.8% of the company's outstanding shares on completion of the offering) at an issue price of €100.00 per share, representing a discount of 4.58% compared to the last traded price of the company’s share on 21 April 2020 of €104.8.