CTP Group, Allianz Group and ING Bank have signed a new €160 million syndicate loan for the financing of a portfolio of industrial properties in the Czech Republic. This loan serves both to refinance existing loans from a group of CEE banks and to finance new projects which have been completed in 2017. The refinancing with Allianz and ING is part of CTP´s ongoing strategy to extend its network of financing partners, including seeking partners outside the CEE region.

At the end of Q3 2017, the vacancy rate in the Czech industrial market reached 3.6%. Vacancy in Prague fell below the country average to the level of 2.8%. The Industrial Research Forum has released the final industrial market figures for Q3 2017.

Total stock on the Czech industrial property market reached 6.71 million sqm by the end of the third quarter of 2017. From July to September this year, 68,000 sqm of new warehouse space were completed in 5 parks. Compared to Q2 2017, when a total of 208,000 sqm was delivered, it means a quarter-on-quarter decline of 67 percent. Compared to Q3 2016, when a total of 52,000 sqm was delivered to the market, it is a year-on-year increase of 31 percent. 108 Agency presented an overview of the Czech industrial property market.

German discount supermarket chain Penny Market opened a logistics centre in Veszprém, Western Hungary, following a nearly €30 million (HUF 9 billion) investment. The facility offers 26,500 sqm of warehouse space on a 10 ha land. The new warehouse can hold 15,000 pallets.

Logicor completed the development of a new 40,000 sqm warehouse in the Logicor Bucharest I park, located in Mogosoaia.

Total demand on the Budapest industrial market amounted to 122,020 sqm in Q3 2017, showing a 44% increase year-on-year. The Budapest Research Forum published its quarterly industrial market analysis.

Prologis announced the completion of an 18,100 square metre build-to-suit (BTS) facility for Arvato Polska at Prologis Park Stryków.

ESON, a Taiwanese based company, put its mid-size production plan on the market. Located in the city of Partizánske, Western Slovakia, it offers approximately 7,000 sqm of industrial and warehouse space together with 3,000 sqm of office premises and accommodation facilities for employees. The production complex is situated less than 45 km away from the regional city of Nitra and Trenčín.

There was 689,800 sqm of storage and industrial space under construction at the end of Q3 2017. 44 % of that space is being delivered to the Greater Prague area. The Industrial Research Forum announced the preleminary industrial market figures for Q2 2017.

DHL Express recently moved into its new, tailor made warehouse of 6,000 sqm leased in Budapest Airport's new logistic facility built by Market Építő. Budapest Airport appointed CBRE Hungary for the construction management services.