P3 is to start the construction of two new warehouses with a total floor area of 25,500 sqm at the P3 Prague Horní Počernice logistics park to respond to growing demand for space at the park. Once the expansion is completed, the park will have a total lettable area of nearly 380,000 sqm. Scheduled to start in the second half of 2017, construction will be completed at the beginning of 2018.
CTP has opened a new production plant in South Bohemia, built to suit the needs of Yanfeng Automotive Interiors. The company will produce interiors for passenger cars at the plant which spans a total area of more than 23,000 sqm on two floors.
Prologis announced that its 33,700 sqm build-to-suit facility for Czech sports retailer Sportisimo at Prologis Park Prague-Rudna is the first logistics facility in the Czech Republic and only the second such building in Central and Eastern Europe to receive BREEAM’s highest accreditation rating.
Panattoni Europe commenced the construction of a large-scale logistics centre for BSH Sprzęt Gospodarstwa Domowego. The BTS (built-to-suit) facility with 79,000 sqm and its own railway siding will be delivered in Łódź. The groundbreaking ceremony took place on 30 May, and construction works are scheduled for completion in spring 2018.
In Q1 2017, Poland’s total Class A warehouse stock topped 11,613,000 sqm following the completion of nearly 533,000 sqm. Total take-up hit 925,000 sqm, representing a 45% increase, as revealed by Cushman & Wakefield in its latest report.
Poland’s industrial and warehouse sector recorded the strongest first quarter in its history. Schemes with the total area of 592,000 sqm were delivered to the market between January and the end of March, which represents as much as 45% of the total volume of 2016. BNP Paribas Real Estate highlights that the invariable driving force behind the market’s growth for the past several quarters have been businesses from the e-commerce sector.
CTP is launching a new mural art competition for illustrators, visual artists, painters and graphic designers – CTP Art Wall. For this project, CTP will provide enormous space – the walls of their own industrial buildings. In doing so, selected CTParks will create an outdoor art gallery.
In Q1 2017 a total of 970,000 sqm was leased on the warehouse market in Poland, 42% more than in Q1 2016. Developers put into operation 475,000 sqm and over 1.4 million sqm are under construction. Results for the first quarter of 2017 allow optimistic forecasts for the coming months according to AXI IMMO’s latest report.
Panattoni Europe is building a production facility for Reuss Seifert, German-based supplier of components for the construction industry. The facility featuring in excess of 30,000 sqm is going up in Nowa Sól, at the Kostrzyn-Słubice Special Economic Zone. The contract was mediated by CBRE.
Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Milan, Germany, Bucharest, Budapest, Belgrade, Bratislava and Prague.