Despite the still-uncertain geopolitical situation over Poland's southeastern border, the performance of the warehousing sector in the investment and leasing markets gives grounds for optimism. Demand in Q3 2022 amounted to 1.6 million sqm (+11% y/y), indicating that companies are still interested in acquiring new space for development. On the supply side, on the other hand, the new policy of investment financing by banks in the coming quarters will bring the announced cooling down in the construction of new projects. This trend may particularly affect speculatively built warehouses, which at the end of September 2022 accounted for about 52% of the 4 million sqm of space currently under construction. Axi Immo presented data summarizing Q3 2022 in the industrial and logistics market.

Warsaw II is a complex of buildings that the company is acquiring as part of the implementation of the Logistics Network Architecture strategic project. The halls will be ready at the end of 2023. Panattoni will deliver the facility.

JLL Romania advised Euroest Car, a company specialising in the import and distribution of original car parts, in leasing 9,500 sqm in CTPark Bucharest Chitila, a Class A industrial park owned by CTP Romania in the northwest of Bucharest.

According to a report prepared by Newmark Polska, at the end of the third quarter, Poland’s total warehouse and industrial stock reached almost 27.4 million sqm, representing a 19.3% increase year-on-year. New supply in the year to date exceeded 3.58 million sqm, up by 15.6% compared to 2021’s total.

Industrial and logistics developer Logicor has completed the development of another 23,000 sqm in the Bucharest I Logistics Park in Mogoşoaia, in northern Bucharest. 

The method of storing pharmaceutical products, the appropriate division of warehouse zones, and securing the supply chain - are just a few of the key elements that should be taken into account when preparing warehouse space for a pharmaceutical company. Cushman & Wakefield experts, having the opportunity to support a leading player in such a process, advise how to properly meet the challenge.

The investment groups Progresus and Halcyon have entered a strategic collaboration with the German firm GARBE Industrial Real Estate CEE. The first joint project will be the construction of an industrial hall in the Czech town of Klášterec nad Ohří covering 20,815 square metres of floorspace and valued at approximately €30 million.

Panattoni is completing a 13,000 sqm development for Habasit, a leading manufacturer and supplier of conveyor solutions, conveyor belts and drive belts for the manufacturing sector. The company will consolidate two locations within Panattoni Park Czeladź V in the Silesian region as early as January 2023 and plans to expand within the park in the future. Newmark Polska, a consulting firm, represented the tenant in the location search and negotiation process.

For a long time, the logistics and industrial market in Croatia has been overlooked by real estate developers, despite the country’s strategic geographical position, proximity to major European markets and developed, high-quality road network, as well as direct access to sea routes. Recent project completions and commencements, with a strong pipeline and the arrival of international developers, suggest that winds are changing, and Croatia could become a very attractive logistics market.

7R Park Wrocław West II has been granted a valid building permit. This is another development in the Lower Silesian Voivodship to be invested in by 7R. The facility will be built in Kąty Wrocławskie. Ultimately, it will provide nearly 44,000 sqm of class-A logistics and production area.