In Q3 2023, the Greater Budapest speculative stock increased by 140,730 sqm, adding five buildings to the stock. Five new buildings were also handed over in regional cities adding another 92,610 sqm to the stock there. The vacancy rate at the end of Q3 2023 was 10.0% in Greater Budapest, an increase of 140 basis points quarter-on-quarter and an increase of 510 basis points year-on-year, the Budapest Research Forum (BRF) reports.
Panattoni is launching its second project in Warsaw’s Targówek district this year. The company is to deliver 17,615 sqm of space in an investment of €8.5 million. City Logistics Warsaw VI will be the company’s tenth development in Warsaw.
Panattoni continues to grow its portfolio of urban centres in Warsaw. The company has begun construction of City Logistics Warsaw IX next to the junction of ul. Utrata and ul. Zabraniecka in the city’s Targówek Fabryczny district, and the value of the investment will amount to €19 million. Half of the space is to be occupied by Inter-Mlecz, a distributor of some of the biggest grocery brands. The company is to move its current operations without disruption from a nearby location.
Panattoni is to build a city park in Kraków - City Logistics Kraków I will have a total area of 36,500 sqm. The first of two buildings is to be ready in September 2021 and the first tenant, a logistics operator specialising in last mile deliveries, has already leased 9,040 sqm. Panattoni's latest project will play a crucial link in the chain from online store to courier company and finally on to consumer.
Panattoni has begun construction on City Logistics Warsaw V in the city’s Rembertów district with a total area of over 11,000 sqm. The building is dedicated to Warsaw logistics and has been built with Small Business Unit modules with a minimum size of 1,080 sqm. The work is to be completed in Q2 2021.
Panattoni has announced another Warsaw development, which is to be built on a 1.9 ha site next to the S7 junction with the S8 expressway just a few kilometres from Warsaw's Chopin Airport. City Logistics Warsaw Airport II will have an area of 9,000 sqm and construction work is to begin in August.
The LUX MED Group extended a 2,200 sqm lease agreement in the O3 Business Campus in Kraków managed by EPP
ArchivIT, a provider of archiving solutions, has leased another 5,700 sqm of warehouse space in VLParks Bucharest South, which is developed by Villar International. The company already occupies 16,000 sqm of warehouse space in the same project.
Energy equipment supplier Eximprod is relocating its office in Equilibrium 2 building, developed by Skanska in northern Bucharest. The company has leased 1,300 sqm in a deal brokered by CBRE Romania.
Axi Immo is developing its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.
Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.
Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Budapest, Bucharest, Bratislava and Prague, amongst other locations.