The vacancy rate on the Budapest industrial market declined 2.2 percentage points q-o-q, reaching a record low of 5.9% at the end of Q1 2017. The Budapest Research Forum published its quarterly industrial market analysis.

Panattoni Europe has completed the construction of a modern logistics centre for Decathlon. The 32,000-square-metre investment is based in Łódź and is the company’s second central warehouse in Poland. 

P3 has started the construction of a new warehouse at P3 Bucharest Park. The 13,900 sqm logistics facility will include 400 sqm of offices. P3 is already in advanced discussions with a potential customer interested in leasing the whole building.

Panattoni Europe is to build another distribution centre for Castorama Polska. The project, one of the biggest in Poland, will be delivered in Stryków. Contruction works will commence later this April. The lease was mediated by experts from JLL.

In Q1 2017, industrial space totalling 162,400 sqm was completed within 10 industrial parks across the Czech Republic, bringing the total stock of modern industrial and logistics space to 6.47 million sqm. The Industrial Research Forum announced its preliminary industrial market figures for Q1 2017.

P3 has raised the final column on 26,000 sqm of warehousing and offices at P3 Błonie park near Warsaw in Poland. The space is being developed on a BTS basis for Antalis, a distributor of paper, packaging systems and plastics for visual communication.

Logistic company Geis has leased 5,600 sqm of a brand new logistic centre in the Řehlovice Industrial Zone. The premises were developed by Czech real estate company Real Spektrum in a built-to-suit project. During this February and March, fit-out of the premises was carried out according to the specifications of Geis, and the new logistics hub started operation at the beginning of April. The tenant was represented by JLL during the transaction.

CTP Invest has signed a lease agreement with MAKRO Cash & Carry ČR, for approx. 53,000 sqm of warehouse and office space at CTPark Prague North. The transaction ranks among the biggest deals recently concluded on the Czech industrial market. Total investment by CTP is planned to reach approximately €35 million.

Colliers International and Advisory Group TEST Human Resources have presented their analysis of the industrial market in Poland. The report presents the state of the industrial market in 9 locations: three Warsaw zones, Upper Silesia, Central Poland, Poznań, Wrocław, Tricity, Kraków, Bydgoszcz and Toruń and Szczecin.

Prologis announced that it has signed two new lease agreements totalling 12,100 square metres at its second speculative development at Prologis Park Prague-Airport. The park is now 100-percent leased.