Peakside Capital Advisors has selected a general contractor for phase 1 redevelopment of the City Point Targówek urban logistics park. The contract will be executed on an EPC basis by Kajima Poland. Phase 1 demolition work is currently in progress. Ultimately City Point Targówek is to provide nearly 100,000 sqm of warehouse and office space, meeting the highest standards in sustainability. Handover of the first building to tenants is expected to take place by the end of this year.

International logistics and transport company Emons is significantly expanding its network of logistics centres in the Czech Republic. As of February 2023, it will open its new logistics centre in Ostředek, close to the D1 motorway. Advised by Savills Czech Republic and Slovakia, it has leased over 6,000 sqm of warehouse space at Sázava Logistics Park, which was built by development and investment company UDI Group.

The airport operator company (BA) recovered 75% of its pre-COVID passenger traffic, now extends its cargo complex and prepares for a new terminal building.

The volume of industrial and logistics projects slated for delivery in Romania this year will reach at least 510,000 sqm, compared with 875,000 sqm in 2022, according to data from JLL Romania. 

Panattoni has started a new development in the Łódź region: Panattoni Park Łódź South II, which will eventually comprise an area of 57,000 sqm. The centre is to be located near the junction on the A1 motorway that joins with national road 12. 

7R has leased the entire space in the first stage of 7R Park Bydgoszcz. Thus, the complex is being prepared for expansion.

The upward trend in prime rents continues across European industrial and logistics projects due to steady demand for space, according to Garbe Research. The average rental growth for the main markets stood at €0.40 per sqm. 

Developer Garbe Industrial Real Estate CEE has completed the construction of the first building of its industrial park in Piešťany, Slovakia. The new development is in line with the company’s sustainable philosophy and the hall's roof features photovoltaic panels, which will be the primary renewable energy source.

Romanian e-commerce player eMAG has secured a financing of around €70 million from Alpha Bank for the development of a logistics hub near Budapest. 

Serbia’s emergence as a manufacturing base with a skilled cost-effective labour force in close proximity to neighbouring EU markets is driving a surge in leasings and built-to-suit developments across CTP’s four industrial and logistics parks in the country.