The industrial property market in the western and north-western areas of Romania is growing rapidly, after the stock has doubled in just four years, becoming the second-largest market after Bucharest. Stock is expected to exceed 700,000 sqm this year, according to CBRE data. The company recently advised the lease of a total area of about 18,000 sqm of industrial space within the Timisoara Industrial Park II project, which thus became fully occupied.
Panattoni has embarked on the construction of Panattoni Park Gorzów Wielkopolski, planned to total nearly 70,000 sqm. The site is 7 km from the city centre, in the vicinity of the S3 route leading from Szczecin to the A2 motorway, and has already secured its first tenants. They are Omnipack and Logoplaste Polska, taking up in excess of 10,000 sqm in total.
CTP announced a new aggressive growth plan to achieve a portfolio size of 10 million sqm by 2023. In order to reach this ambitious goal, CTP is taking steps towards various options to further strengthen its capital base and enhance its growth prospects. The company is currently considering partnering with a strategic investor.
In 2019, the stock of modern industrial and logistic facilities in Romania reached 4.6 million square meters, up by approximately 10% compared to the previous year. Nearly 9% of the total stock was delivered just in 2019 and the market has potential to almost double to 8 million square meters in the next years, closing the gap between Romania and other CEE markets, according to Colliers International.
The annual leasing volume on Poland’s industrial market reached 3.75 million sqm in 2019. The market grew by a record-breaking 2.8 million sqm while 1.9 million sqm of space is under construction. JLL summarised the industrial market in Poland for 2019.
Panattoni has launched the construction of 25,000 sqm at Panattoni Park Legnica, out of 90,000 sqm planned. The first facility will accommodate the Polish production site of global e-commerce company Spreadshirt Group. Already in August 2020, the company will be taking up in excess of 11,000 sqm of production and warehouse space at the upcoming facility. The lease was mediated by JLL.
At the end of 2019, Poland’s total industrial stock topped 18.6 million sqm, with warehouse supply hitting a record high of 2.72 million sqm in the past 12 months. Compared to the previous year, warehouse space availability improved significantly on most of the nation’s regional markets. Cushman & Wakefield presents a summary of the Polish industrial market.
Prologis has been named the top real estate company on the 2020 Global 100 Most Sustainable Corporations in the World List. This annual ranking of corporate sustainability performance also put Prologis at #6 among U.S. companies and #26 overall. The announcement was made at the World Economic Forum in Davos, Switzerland.
7R is the first warehouse developer in Poland to create an innovative eco-friendly warehouse – 7R Green. The company's main goal is to provide facilities in which ecological solutions will help minimize their impact on the natural environment. Construction of the first warehouse, designed in keeping with the new green concept, will start in the first half of the year.
Wunderman Thompson Technology has decided to relocate its office in Poznań to the Nowy Rynek E building by Skanska, under construction at the junction of Wierzbięcice and Matya streets. In selecting the location and negotiating the lease, the tenant was supported by experts from the Poznań office of the Colliers consulting company.
Objectivity, an IT company, has extended its lease agreement in Wrocław's West Forum complex. The annex concerns nearly 4,400 sqm of office space and approximately 140 parking spaces.
Consulting firm Altman Solon has leased 900 sqm of office space on the 21st floor of the Widok Towers skyscraper in Warsaw. It will move into its new office at the end of the year.
New appointments
JLL Bratislava branch announced that Lukáš Králik, Senior Consultant at the Office Agency team, became the newest member of the Royal Institution of Chartered Surveyors (RICS) in the field of Commercial Real Estate. With this accreditation, JLL raised the number of RICS accredited professionals to eight.
Dominik Pawlak takes the position of Director in the Office Agency department at Avison Young Poland, where he will be responsible for the company's key clients, as well as training junior team members.
Tezenis brand has joined the tenants of Galeria Warmińska. This is the first showroom of this Italian brand in Olsztyn in Poland. The new boutique occupies an area of approximately 190 sqm.
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