News - Panattoni completes factory for Reynaers Aluminium near Warsaw
22
Jun
2023

Panattoni completes factory for Reynaers Aluminium near Warsaw

by Property Forum
Panattoni has completed the development of a production plant for Reynaers Aluminium, a global supplier of aluminium profiles. It has been built in Żabia Wola just 35 km from Warsaw. The development has undergone BREEAM certification for a rating of Excellent. 
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News - New recycling factory opens in Sofia industrial park
21
Jun
2023

New recycling factory opens in Sofia industrial park

by Property Forum
Turbo Garant, the Bulgarian subsidiary of Belgium's Turbos Hoet Group, opened a remanufactured turbocharger plant near Sofia on June 15th, an investment project worth €2.8 million, the company said in a press release.
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News - Confidence in Polish logistics reaches highest level in three years
21
Jun
2023

Confidence in Polish logistics reaches highest level in three years

by Property Forum
Despite numerous challenges, businesses in retail and manufacturing view their current state better than they did a year ago. The sentiment of warehouse tenants is presented in the latest Confidence Index report jointly prepared by CBRE and Panattoni.
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News - Żabka Group launches huge logistics centre near Warsaw
21
Jun
2023

Żabka Group launches huge logistics centre near Warsaw

by Property Forum
Żabka Group has unveiled its automated logistics centre in Radzymin, just outside Warsaw. This facility is the largest and most technologically advanced addition to Żabka Group's logistics infrastructure. Enhanced with an automated high-bay warehouse and an internal transport system, the centre has been specifically designed to expedite logistics services for the Group’s stores.
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News - HelloParks opens new warehouses near Budapest
21
Jun
2023

HelloParks opens new warehouses near Budapest

by Property Forum
The first tenants have moved into the new logistics park at Maglód and Fót which has been developed by the Hungarian company HelloParks, a subsidiary of Futureal Group. The MG3 building at Maglód offers 46,000 sqm of modern industrial space while at Fót 26,000 sqm of logistics space is available in the FT6 building.
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News - Amazon opens distribution centre in Kojetin
21
Jun
2023

Amazon opens distribution centre in Kojetin

by Property Forum
Internet retailer Amazon has opened its new robotic distribution centre in Kojetin, Přerov region, where it plans to employ up to 2,000 workers. This is Amazon's second distribution centre in the Czech Republic, but the new one is equipped with the most advanced robotic technology, the Czech News Agency (ČTK) reported.
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News - Industrial and logistics rents set to continue to rise in Europe
20
Jun
2023

Industrial and logistics rents set to continue to rise in Europe

by Property Forum
According to Savills, growth in prime rents is set to remain robust across the continent having increased by 10.4% in the last four quarters. This is despite vacancy creeping up to 3.5% in Q1 2023, reflecting the impact of slower leasing activity.
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News - Logicor expands logistics park in northern Bucharest
20
Jun
2023

Logicor expands logistics park in northern Bucharest

by Property Forum
Industrial developer Logicor has expanded the e-commerce warehouse space in Bucharest I Logistics Park Mogosoaia for pharmacy chain Dr.Max to around 16,000 sqm.  
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News - Nearshoring to boost demand for industrial space in CEE
19
Jun
2023

Nearshoring to boost demand for industrial space in CEE

by Property Forum
The relocation of production facilities from far-away locations, such as Asia, is generating additional demand for industrial and logistics projects in CEE-based markets, with Romania being among the biggest beneficiaries, according to a Cushman & Wakefield report. 
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News - Warehouse market in Poland reflects economic environment
16
Jun
2023

Warehouse market in Poland reflects economic environment

by Property Forum
The Polish warehouse real estate market has slowed after a record period of growth that was achieved during the pandemic. Gross demand for warehouse space in Poland for Q1 2023 totalled more than 982,000 sqm, a 35 percent year-on-year drop and an 18 percent decline compared to the five-year average. According to JLL's analysis, however, Q1 2023 was better than the corresponding periods in 2019 and 2020. Most of the new demand was in Poland's major logistics regions.
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Latest news


New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.

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