After the first three quarters of 2017 the warehouse market continues to be the fastest and most dynamically growing commercial property sector in Poland. According to the latest report by BNP Paribas Real Estate Poland, since the beginning of the year the total volume of modern warehouse space has increased by 13.6%. Q3 2017 was dominated by Szczecin with the completion and delivery of the country’s largest warehouse scheme: Panattoni BTS Amazon Szczecin, with the area in excess of 161,000 sqm.

eMAG, Romania’s largest online retailer announced that it is investing €65 million (RON 300 million) in a 120,000 sqm warehouse which will be built in Giurgiu County, the largest of its kind in Southeastern Europe. The warehouse is due for completion in 2019, zf.ro reports.

The MLP Group has allocated land for the construction of a new distribution center for MAKRO Polska to be built in the MLP Czeladź logistics park. It is anticipated that the construction will be complete and the finished warehouses will be handed over to the tenant in June 2018.

Prologis has signed a new lease agreement with ESA Group for 10,740 square metres at Prologis Park Prague-Uzice in the Czech Republic. ESA Group, one of the leading logistics companies in Central Europe, will lease Building 2, making the 97,800-square metre Prologis Park Prague-Uzice fully occupied. The company is an existing customer of Prologis at Prologis Park Prague D1 East, southeast of Prague. Cushman & Wakefield brokered the transaction.

Panattoni Europe has completed the construction of another e-commerce logistics centre for Amazon. The facility with total useful floor area of 161,500 sqm was erected in Kołbaskowo, near Szczecin. More than 3,000 robots have been put in place to support the employees, using Amazon Robotics technology. The investment was developed to comply with the requirements of BREEAM environmental certification.

Panattoni Europe has completed stage one in the construction of a distribution centre for Castorama Polska. The developer has delivered 50,000 sqm out of 100,000 planned. One of the largest investments in Poland is going up in Stryków and it will provide logistics support which will enable the leading DIY/home improvement chain in Poland to go further towards fulfilling its fundamental commitment to customers – to provide them with the best possible product availability at attractive prices. The official opening of this section of the facility took place on 16 November 2017.

P3 has signed a deal with FM Logistic to be the first occupier at its new park in Lovosice, close to the borders with Germany and Poland in the north of the Czech Republic. The French logistics company is already a well-established P3 customer, with build-to-suit warehouses at P3 Prague D11 park and on two P3 parks in Poland completed earlier this year. It also occupies space on P3 parks in Romania.

Q3 2017 saw the delivery of 875,000 sqm of new space on the industrial market in Poland. In the same period, approximately 630,000 sqm was leased. JLL summarised the industrial market in Poland at the end of Q3 2017.

A second building is under construction at the Páty industrial park right after the handover of the first facility. This time Inpark develops a built-to-suit, energy efficient warehouse to leading electronics retailer Euronics, with a total budget exceeding €8 million (HUF 2.5 billion), to be delivered next spring.

Poland’s warehouse supply hit a record high at the end of Q3 2017. The industrial stock totalled 12.86 million sqm, which represented an 18% rise year-on-year. Tenant demand remained robust on the country’s core warehouse markets, driven largely by logistics operators whose share in total take-up amounted to 45%. The vacancy rate slipped down by 0.8 percentage points year-on-year while headline and effective rents remained largely unchanged, reveals Cushman & Wakefield.