Industrial developer CTP has opened its first office in Asia in a bid to accommodate growing demand from its clients in this region for investment in production facilities based across Europe. The new office based in Hong Kong will be led by Jaromir Cernik, who joins from fast-growing fintech company Qupital, where he served as a Board Member and Director. 

The Polish Chamber of Commercial Real Estate (PINK) has published figures summarizing the warehouse market in Poland for Q2 2023. The data is sourced from advisory companies from the commercial real estate sector (Axi Immo, BNP Paribas Real Estate, CBRE, Colliers, Cushman & Wakefield, Knight Frank, Newmark Polska, Savills) and includes information on modern warehouse stock, new completions, space under construction, take-up and vacancy levels.

Industrial developer Panattoni has obtained bank financing to start the construction of City Logistics Warsaw IX in Targówek, which is one of its urban parks in Warsaw. The company got €10.5 million from Bank Gospodarstwa Krajowego for the new development. 

The Czech industrial property market grew by 269,100 sqm in H1 2023, reaching almost 11.3 million sqm. This is a year-on-year increase of more than 11%. Thus, despite higher interest rates, more complex financing, a slowing economy and fluctuations in industrial production, the local industrial property market continues to accelerate its growth: currently at its highest level in five years. This is also linked to a slight increase in vacancy rates and the stabilisation of rental prices according to findings in a recent survey by Colliers. 

Industrial developer Panattoni has purchased over 4 ha of land in Bieruń, where it plans to develop a new industrial park. The company has already delivered two industrial parks in the area and will expand its presence on the new plot that is based close to the Stellantis car factory. 

Europe’s share of semiconductor production will need to more than double to reach the EU Chips Act’s target of 20% of global output by 2030, which will also generate demand for warehouse space across the continent.

Companies have leased close to 550,000 sqm of industrial and logistics spaces across Romania in the first half of 2023, with more than one third of the volume represented by pre-lease agreements, according to Cushman & Wakefield Echinox.

Industrial developer CTP recorded a net rental income of €268.3 million in the first half of 2023, which was up by 26.8% compared to the same period of last year, while the volume of new leases also rose.

Industrial and logistics developer Panattoni has delivered Panattoni Park Bydgoszcz IV, which comprises three buildings with a total area of 110,000 sqm. The project has been fully leased out to companies specialized in production, logistics and FMCG

Nefab Packaging Poland, a provider of packaging and logistics solutions, has leased nearly 11,000 sqm of industrial and warehouse space for the next five years in CTPark Gdańsk Port. The lease allows Nefab to expand its presence in the Pomerania region and to boost its production volumes in northern Poland.