Total demand on the Budapest industrial market amounted to 103,790 sqm in Q1 2018, marking a 45% year-on-year increase. At the end of the first quarter, there were only four existing schemes with more than 5,000 sqm of available warehouse space. The Budapest Research Forum published its quarterly industrial market analysis.
Panattoni Europe will develop its third manufacturing facility for Ideal Automotive. This time, the factory will be built in Świdnica, at the Wałbrzych Special Economic Zone Invest-Park, and will take up approx. 27,400 sqm. Construction works will commence as early as this April, and are scheduled for completion in Q4 of this year. The lease was mediated by the advisory firm Colliers International.
After the recent start of construction works at LiNK Hradec Králové Linkcity has announced the launch of another project. The developer has received a planning permit for a logistics park in the industrial zone Nitra – Lužianky, located near the R1 motorway in Slovakia.
Polish developer 7R plans to set up a network of small business unit (SBU) warehouses across Poland under the 7R City Flex brand. Tenants will be able to sign one joint contract for the lease of warehouse space in several different locations as part of the City Flex program.
In Q1 2018, industrial space totalling 181,900 sqm was completed across the Czech Republic, but speculative construction accounted only for 2% of all new developments. The Industrial Research Forum announced the preliminary industrial market figures for Q1 2018.
Panattoni Europe will build the main warehouse for Leroy Merlin in Central Poland, Łódź voivodeship. The facility will exceed 123,600 sqm at ground level, which makes it a record-breaking project in the Polish warehouse market. Construction works are scheduled to begin already in Q2 of this year and are expected to end in Q4 2019. The facility will undergo the BREEAM environmental certification process aiming for a Good rating.
Panattoni Europe has completed the construction of two warehousing facilities with a total area of approximately 42,500 sqm for Raben Logistics Poland. The logistics’ new branch was built as a part of Panattoni Park Grodzisk III and is adapted to store approx. 50,000 pallets. The facility employs over 300 people and is able to serve over 85,000 shipments a day.
Panattoni Europe has completed the construction of a large-scale logistics centre for BSH Sprzęt Gospodarstwa Domowego. The 79,000-square-metre BTS facility with its own railway siding was delivered in Łódź, at the largest distribution complex in Poland, Central European Logistics Hub.
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