This year, CTP will finish the developments began in 2017 in its parks situated near Cluj-Napoca and Timișoara and will continue the development of the logistics park located in the vicinity of Pitești.

The MLP Group has handed over a ready for use, 24,700 square meter warehouse facility to Żabka Polska S.A., located in the MLP Gliwice logistics park.

P3 has a strong pipeline of Romanian projects for 2018, the company announced. P3 plans to open new locations in Bucharest and the western part of the country.

Power Systems giant Rolls-Royce has appointed Cushman & Wakefield to an expanded role supporting its global property requirements following a competitive tender process.

Prologis has begun construction of a new 28,300 square metre speculative facility at Prologis Park Prague-Uzice in the Czech Republic. It will be the third building at fully occupied park and is scheduled to be completed by mid-2018.

Prologis announced a successful pilot with Platio, a Hungarian start-up that provides aesthetic and space-saving renewable energy systems by integrating high-performance solar cells into sidewalk paving elements made of recycled plastic. Prologis Park Budapest-Harbor has become the first logistics park in the world to integrate this green technology into its daily operations.

Romanian industrial and logistics gross take-up increased in 2017 by almost 15% to over 525,000 square meters, registering a new record level, JLL reports.

Panattoni Europe has started the construction of the first logistics centre in Białystok. The developer’s new project – Panattoni Park Białystok – featuring roughly 40,600 sqm, is being executed in full. 50% of the space has already been commercialised. Completion of construction works on the entire investment is planned for the end of Q3 2018.

CTP will complete the construction of several warehouses and start new developments in its three logistics parks situated in the vicinity of the Romanian capital: CTPark Bucharest West, CTPark Bucharest and CTPark Bucharest North (former Chitila Logistic Park). It is estimated that by the end of 2018 their cumulated surface will reach approximately 680,000 sqm. CTP plans a total expansion of at least 300,000 sqm at national level.

Total demand on the Budapest industrial market amounted to 211,250 sqm in Q4 2017, marking a 58% year-on-year increase. The vacancy rate dropped to a new record low of 4%. The Budapest Research Forum published its quarterly industrial market analysis.