The demand for industrial space has been still below the five-year average in the third quarter of this year, published Colliers in its regular quarterly industrial real estate market report. However, the first signs of market recovery have appeared and the number of concluded contracts has grown slightly. 

P3 Logistic Parks has begun construction of a new warehouse with a total area of nearly 27,000 sqm at P3 Poznan Park for ochama, the European omni-channel retail brand of JD.com.

The Polish industrial and logistics market demonstrated resilience in the first three quarters of 2024. During this period, 2.1 million sqm of new warehouse space was delivered, expanding the sector’s total stock to nearly 34 million sqm (+9% Y/Y). Currently, 1.9 million sqm are under construction (-22% Y/Y), marking the second-lowest development activity since early 2018. Despite challenges, leasing activity remained stable at 3.8 million sqm, with a vacancy rate of 8.0% (+30 bps Y/Y) at the end of September 2024, says Axi Immo. 

According to the latest report from Cushman & Wakefield, Poland recorded the second-highest industrial take-up in Europe between January and September 2024. Looking ahead, robust demand, coupled with a decline in speculative construction, is likely to tighten the availability of warehouse space for lease.

7R and EQT Exeter are jointly developing a two-building 56,000 sqm logistics scheme located along the D8 Motorway servicing Greater Prague.

Panattoni has been granted a €75 mln loan by Citibank (London Branch). The funds are to finance Panattoni Park Sulechów III.

Industrial developer CTP has signed a 5-year €1.3 billion Revolving Credit Facility (RCF), which replaces a previous RCF worth €550 million.

The latest Savills report highlights Poland as an emerging logistics powerhouse, particularly considering recent geopolitical and economic changes. With its strategic location and rapidly expanding infrastructure, Poland is becoming a logistics and production hub for markets in Western Europe and Scandinavia, attracting investors and global corporations that are diversifying risk and shifting operations from Asia to Europe.

VGP has reached another milestone in VGP Park Ústí nad Labem City.  It has completed and handed over building B, where RTR-TRANSPORT A LOGISTIKA has leased warehouse and office premises.

The demand for logistics and industrial spaces reached 575,000 sqm during the first 9 months of 2024, down 20% compared with the same period of 2023, according to a Cushman & Wakefield Echinox report.