ARTICLES IN Industrial TOPIC

10
Aug
2021

Czech industrial vacancy rate falls to lowest level ever recorded

by Property Forum
According to Savills, the Czech nationwide industrial vacancy rate declined again and reached a new historic low of 2.4%, after dropping by 89 basis points (bps) since the end of 2020. The volume of new industrial space delivered to the market during H1 2021 was 43% down year-on-year (y-o-y). The total stock of modern industrial premises in the country grew by 192,300 sqm, of which 110,800 sqm were completed in Q2 2021. At the end of June, the total stock stood at 9.3 million sqm.
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09
Aug
2021

Romania’s industrial stock edges closer to 6 million sqm

by Property Forum
The total stock of industrial and logistics spaces gained close to 200,000 sqm in the first half of this year to more than 5.4 million sqm and the sector will continue to expand by the end of 2021, according to data from real estate consultancy Avison Young. 
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06
Aug
2021

Prague industrial rents rise by more than €1 per sqm

by Property Forum
A lack of materials and an increase in the price of construction work is troubling the industrial real estate market in the Czech Republic. Industrial space in desirable locations is in short supply. Occupancy rates in Prague and the close surroundings are rising and vacancy rates have almost reached zero. Tenants are well aware of the situation and it has become more common for them to extend their lease contracts for longer periods, according to 108 Agency’s market summary.
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05
Aug
2021

Panattoni to deliver almost 25,000 sqm in Siedlce

by Property Forum
Panattoni is building a distribution centre in Siedlce and by doing so, it is also opening up a new market for warehousing space in Poland. Panattoni Park Siedlce comprising 24,600 sqm is to be an alternative location to Warsaw and shall meet the demands of e-commerce, as well as of local business development. The project is being built not far from the centre of the city near the A2 motorway just over an hour from Warsaw.
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05
Aug
2021

AUTODOC becomes the largest tenant in Accolade Park Szczecin

by Property Forum
The construction of the last hall of the biggest industrial park in Poland in which Accolade invested has begun. With 229,000 sqm of 100% leased GLA, Park Szczecin is one of the biggest multi-let parks in the country and will be fully completed in early 2022. From the very beginning, AUTODOC Logistics – Polish branch of the international AUTODOC Group, one of the leading players in the automotive aftermarket – has been growing together with Accolade and Szczecin Park and successfully expanding. With the fourth hall and a total leased space of 74,100 sqm, AUTODOC is now one of the largest tenants in the Polish part of Accolade’s portfolio.
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05
Aug
2021

LCube starts new project in Wrocław

by Property Forum
LCube is constructing another warehouse park - following their recent project in Jasionka near Rzeszów, (which is still being built), this new site location will be in the town of Dobrzykowice, east of Wrocław. As currently planned, the logistics complex is set to have a total area of 60,000 sqm. The project is being carried out in a joint venture with the Sindbad Group.
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04
Aug
2021

Ecologistics leases 63,300 sqm in Prague and Pilsen

by Property Forum
Ecologistics, a 3PL company operating in the Czech Republic since 2017, has been expanding recently on the Czech property market, leasing in total 63,300 sqm of Class A commercial space in 4 industrial parks in Prague-West and in Pilsen-Stenovice from Prologis, GLP and Logicor. Ecologistics serves global e-commerce companies whose goods have been delivering to customers in the Czech and Slovak Republics as well as in Germany. The distribution centre in the Czech Republic was the second logistic hub Ecologistics opened in Europe after having entered the UK market. The firm has so far built a robust logistic framework across Western Europe, currently leasing premium logistics space also in Germany, France, Spain and Italy.  
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03
Aug
2021

CTP to develop 16,000 sqm production facility near Budapest

by Property Forum
Geis Logistics Hungary Kft., the local representative of the German-based transport and logistics company has signed a lease agreement for a custom-built production facility at CTPark Vecsés, near Budapest. The Geis Group will store Knorr-Bremse Systeme products in the new almost 16,000 square meters logistics facility with extra features related to the braking systems for rail and commercial vehicles produced by Knorr-Bremse Group.
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02
Aug
2021

GRL takes 11,680 sqm at Prologis Park Poznań

by Property Forum
Global Reach Logistics (GRL), a third-party logistics (3PL) provider, has leased an 11,680 sqm warehouse space in the distribution centre Prologis Park Poznań. The business venture is a transaction in cooperation with AXI IMMO and the Czech consulting company 108 AGENCY, which run joint projects within IRELS, an organisation of international specialists in the logistics real estate sector.
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02
Aug
2021

Czech asset manager to invest in new Panattoni park in Bratislava

by Property Forum
Czech asset manager BH Securities, through its BHS Real Estate Fund, is investing in a new logistics park near Bratislava in cooperation with Panattoni.
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Latest news


New leases

  • COS, the office fit-out supplier, has leased 3,000 sqm in the Miro project, in northern Bucharest. All of the company’s employees will start working in the new offices next summer. Part of the space will host a showroom. The building is developed by Speedwell.
  • Recovery clinic Empatio București has leased 200 sqm in The Eminescu Offices project located in central Bucharest. The opening of the clinic is scheduled for April 2022. The office building is developed by Akcent Development and managed by Cushman & Wakefield Echinox.
  • SIG, a supplier of building products on the Polish market has decided to relocate its branch. It leased 2,067 sqm of warehouse and office space in City Logistics Katowice. The tenant was represented in the negotiation process by real estate advisory firm Cresa Poland.

New appointments

  • BNP Paribas Real Estate Poland strengthens its Capital Markets department. Bartłomiej Sutkowski, a highly valued expert with almost 15 years of experience within the real estate industry will be its new Associate DIrector.
  • MDC2 COO and co-founder Jeremy Cordery was recently appointed as a Board Member of the company’s Board of Directors and will be an active member of the following committees: ESG, IC and Audit & Risk.
  • Avison Young announced Karolina Pruchniewska’s promotion to the role of Communications Manager CEE. Based in Poland, Karolina will be responsible for enhancing brand awareness of the company in Central and Eastern Europe, supporting Avison Young in Bulgaria, the Czech Republic, Hungary and Romania also regarding internal communication within the firm. She will also be still managing marketing & PR activities of the Polish branch of Avison Young.


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