A new 18,500 sqm production facility for one of the world’s leading automotive interiors supplier, Yanfeng Automotive Interiors (YFAI) was officially inaugurated in a formal ribbon-cutting ceremony at CTPark Kragujevac.

Panattoni Europe has built a facility for Amazon in Gliwice of record-breaking size and functionality. The project, featuring in excess of 210,000 sqm and four storeys, is the company’s largest building in the country and has been fitted out with advanced Amazon Robotics technology.

Dunwell Industrial Brokerage has assisted MLP Group in opening a new, 2,500 sqm location in Bucharest for one of the largest banana importers and distributors in Europe, Citronex.

DHL Express has leased a modern hall with a total area of 3 700 sqm at Brno’s airport. The construction, which should be completed in Q1 2020, will be carried out by Panattoni Europe.

Prologis has signed one of the largest leasing transactions in Europe this year. Long-term partner EURO-net will lease 160,000 square meters at Prologis Park Janki.

CTP is building a new turbine factory for BMTS at CTPark Novi Sad which will be handed over in April 2020. A considerable part of the facility will be equipped with all the necessary features for R&D activities.

The UK is the 5th or 6th biggest export destination for both Romania and the country’s major trading partners – Germany, Italy and France. Thus, a negative Brexit scenario would have significant second-round effects via Romania’s other trading partners which do a significant amount of business with the UK. According to Colliers International’s estimates, the stock of modern industrial space is still expected to grow considerably in the next three years (by 2023).

The Polish industrial market remains in very good health, with warehouse supply hitting a record high and robust occupier demand. Cushman & Wakefield summarised the third quarter of 2019 on the industrial market in Poland in its latest report.

2.5 million sqm was leased in the first three quarters of 2019 and by the end of the year, demand will most likely exceed 3 million sqm. 2019 has seen developers deliver two million sqm to market, with a total stock now stands at almost 18 million sqm. JLL summarised the situation on Poland's industrial market at the end of Q3 2019.

CTP has significantly expanded its portfolio both across the region and in Hungary in recent years. In response to brisk local demand, the company plans to prepare speculative developments of premium industrial space totalling 150,000 sqm in the Hungarian market in 2020. These projects will affect nearly all the industrial parks of local CTP.