Industrial developer P3 Logistic Parks has secured leasing contracts for over 98,500 sqm of logistics and office space in Romania during 2022 over higher demand from the retail, logistics and transport sectors. 

Take-up hits its second-highest on record as new supply sets an all-time high – that’s the story of the Polish industrial market in 2022 in a nutshell. According to the latest report from Cushman & Wakefield, development activity is expected to be more muted in the coming months, with the market entering a phase of stability. 

CTP has delivered a state-of-the-art 15,000 square metre logistics development at CTPark Sofia Airport to its anchor tenant DSV, the third-largest logistics company in Europe and one of the top ten globally. This second development for Danish-headquartered DSV doubles its total footprint at CTPark Sofia Airport to approximately 30,000 sqm.

Industrial developer CTP Romania will install a photovoltaic power station with a capacity of 1.5 MW in its CTPark Bucharest project as part of its investments in green energy. 

Industrial and logistics developer VGP said its contracted rental income stood at €303.2 million in 2022, up 18.4% compared to 2021, while its volume of new delivered projects reached a record 1.1 million sqm. 

Panattoni has received an "Outstanding" rating under the BREEAM International New Construction system for Panattoni Park Szczecin III (halls A and B). This is the first such high level of certification in the industrial real estate market in Poland for a newly built investment. Its implementation was preceded by detailed life-cycle cost (LCC) and life-cycle analysis (LCA) of the facility for a period of 60 years. During construction, energy and water consumption were carefully monitored, harmful CO2 emissions were minimized, and thermal imaging was performed upon completion. The halls have been adapted to climate change and a possible change of use in the future. The project is located just 500 meters from public transportation and is accessible to people with disabilities.

Bydgoszcz Logistics Centre will continue to lease 45,000 sqm of warehouse space to leading grocery chain Kaufland. During the renegotiation of the lease conditions, CBRE Investment Management, the owner of the complex, was represented by Cushman & Wakefield.

VGP completed the construction of its largest site in Northern Bohemia. VGP Park Hrádek nad Nisou comprises five halls with a total lettable area of more than 122,000 sqm. All the halls were tailor-made for a single tenant – Drylock Technologies, a global manufacturer of baby diapers and hygiene products, VGP announced.

Panattoni is developing its portfolio in the vicinity of Warsaw. The developer has completed the development of almost 40,000 sqm as part of its City Logistics Warsaw IV project in Annopol. Half of the space is to be taken up in July this year by TRUMPF Huettinger. The production plant is to serve markets that include the US, Japan, Korea and China.

The Czech industrial market grew at a rapid speed in 2022. Almost 1.1 million sqm of new space was added to the market, which is over 155% of the 5-year average annually completed space and the highest recorded figure on record for the Czech market. The market overtook 10 million sqm in mid-year and just failed to overtake the 11 million sqm milestone at year-end, achieving 10.8 million sqm at the end of Q4 2022. There was 150,300 sqm of newly added modern industrial space in the last quarter, Colliers says in their latest report.