Prologis Europe ended the second quarter with record occupancy at 97.2 percent, notably through improved demand in its Southern markets. During the quarter, the company signed 343,000 square metres of new leases and 631,000 square metres of lease renewals to its operating and development portfolio.

Total demand on the Budapest industrial market amounted to 59,740 sqm in Q2 2018, marking a 72% decrease over the figure noted in the same period last year. The Budapest Research Forum published its quarterly industrial market analysis.

Atrium European Real Estate Limited has completed the sale of the Atrium Militari shopping centre in Bucharest, Romania to MAS Real Estate Inc. for €95 million, which represents a 9% premium to book value on 31 December 2017.

The expansion of Romanian retailer Profi Rom Food SRL site in Ploieşti, Romania is at an advanced stage. The extension construction project is due to complete by September 2018.

Panattoni Europe nears the finish line with the launch of its fourth logistics centre in Tricity. Panattoni Park Gdańsk IV, with 41,500 sqm planned at full build-out, is only 4 km away from the Port of Gdańsk and the deep-water container terminal DCT Gdańsk, and the first tenants will be able to move into it already in the coming August.

Żabka Poland opened a new warehouse facility with the area of 24,700 square meters. The new logistics centre leased by the owner of the convenience store chain is located in the MLP Gliwice park owned by MLP Group.

Panattoni Europe commenced the construction of a new distribution centre near Warsaw. Completion of the first part of the investment is anticipated in February 2019. The lease transaction was mediated by the advisory firm JLL.

In Q1 2018, Poland’s total warehouse and industrial stock amounted to more than 14.15 million sqm and another 1.90 million sqm was under construction, the largest quarterly development pipeline on record. Central Poland was the leading regional market, accounting for more than half of new supply and most of the leasing transaction volume.

Element Industrial, a property developer founded by businessman Ionut Dumitrescu, has recently entered the logistics market by announcing its first project, Eli Park 1 in the Chitila area, west of the Romanian capital. The project will require an investment of €25 million.

Panattoni Europe is developing another warehouse facility for an e-commerce business. This time it is expondo Polska, which will take up 30,000 sqm at Panattoni Park Zielona Góra, currently under development. The tenant will be able to move into the complex already in the coming October.