Over the second quarter, Prologis turned in a strong result both globally and in Europe, despite ongoing uncertainty due to the COVID-19 pandemic. The logistics sector remained resilient during the period with robust take-up levels and declining vacancy thanks to tight supply and sustained and growing demand.

Panattoni has signed its latest lease with Terg, the owner of the Media Expert consumer electronics chain. The tenant is to occupy more than 12,000 sqm at Panattoni Business Center Łódź III in the city’s Widzew district, which it will be taking up in September 2020. Colliers International advised the tenant for this transaction.

In September 2019, CTP announced its goal to certifiy its entire portfolio of industrial buildings according to the BREEAM standard, and in January began the certification process in six countries with local appraisers. CTP now announced the 80% milestone and the 100% certification of its country portfolios in Romania, Serbia and Poland.

Element Industrial announced four new tenants for the recently delivered second phase of Eli Park 1. Euro Games Technology Romania, a company active in the production and distribution of a wide range of products in the gaming industry, Mobilier 1, online home & deco retailer, Decor Floor, a leader in commercial and residential floors and Dentotal, the market leader in the distribution of dentistry products rented over 10,000 sqm in Eli Park 1, the logistics park developed by Element Industrial in the Buftea Chitila area.

CTP continues its expansion in Romania by developing a new logistics park in the Northern part of Bucharest – CTPark Bucharest North. The park, located in Ștefănești, Ilfov County, has a total area of 21 ha and has a large opening with access to the Bucharest Ring Road, close to the A3 highway. The total value of the investment in the new logistics park amounts to €65 million.

During Q2 2020, gross take-up, which includes renegotiations, reached 360,500 sqm showing a slight increase of 13% compared to Q1 2020 figures. In comparison to the same period of the previous year, gross take-up decreased by 14%. The Industrial Research Forum published its Q2 2020 figures for the industrial market in the Czech Republic.

Dywidag Systems International has leased 24,000 sqm of production-social space in Panattoni Park Ruda Śląska II, site for the production of Post-Tensioning Systems and Stay Cable Systems. The tenant was represented by Cresa Poland.

Panattoni is to build an advanced hi-tech manufacturing and warehouse complex for AZZ Specialty Welding Europe, a provider of specialised welding services for customers in various business sectors, including fossil power, refining, waste-to-energy, chemical processing and nuclear power. The 12,820 sqm facility will be located in Radom. The construction project is scheduled to begin in the third quarter of 2020, while the tenant should be able to move in in March 2021.

Simultaneously with the opening of the R7 motorway section in Southern Slovakia, the Log Center R7 logistics centre project gained its building permit for its 30,000 sqm logistics hall. The project is developed by Austrian developer Go Asset.

The Medezin factory has started production in a 7R investment in Konstantynów Łódzki, Poland. This is the second brand that belongs to the Pelion Group, the largest healthcare company in Poland, which operates in the 7R Park Łódź West I. The storage area for Medezin was designed in the BTS formula and was adapted to the specific needs of the pharmaceutical industry.