Property developer Speedwell says it secured the building permit for its first industrial project located in north-western Bucharest. The development of the first warehouse under the Spaceplus brand will start in the next period and should be completed by the second quarter of 2022. It will have a total leasable area of 10,000 sqm. Leasable storage space ranges from 400 to 600 sqm. 

CTP has obtained all the necessary permits for the completion of two industrial halls on the outskirts of Hradec Králové. Construction can resume in November this year, tydenikhrot.cz reports.

Total demand on the Budapest industrial demand amounted to 143,530 sqm in Q3 2021, indicating a 19% decrease year-on-year, according to the BRF’s latest industrial market snapshot.

Hines Global Income Trust has acquired Eastgate Park. This property is the 17th industrial asset in the Hines Global portfolio and is 99% leased.

Patria Logistics-Retail Fund, managed by Patria Investment Company, successfully finalised the purchase of the Plana Logistics Park (PLP), located in Plana nad Luznici, Southern Bohemia. PLP is the third property acquired to the Fund and increases the total number of real estate assets owned and controlled by PIC to eight.

M7 Real Estate, the pan-European investor and asset manager specialising in multi-tenanted properties, announces that it has fully deployed the capital raised on behalf of M7 CEREF II, its value-add fund targeting logistics and office investments in key Central European markets. The final acquisition is Pallag 43, a modern, last-mile logistics asset in the north of Budapest acquired from a private investor for €9.6 million.

Prime headline rents have increased slightly to a new level of €5.20 sqm/month in the Czech Republic and €5.50 sqm/month in the Greater Prague region during Q3 2021. The Industrial Research Forum published its fresh industrial market figures.

Element Industrial Founder Ionuț Dumitrescu and Sacha Dragic, the Founder of Superbet Group, have launched a new joint venture in the industrial and logistics sector. The development company will be formed through the association of ELI and D Craig Real Estate, the property division of D Craig Holding, controlled by Sacha Dragic. Anca Damour has been named CEO of D Craig Real Estate. 

Pan-European logistics platform Crossbay has purchased 100,000 sqm of warehouse space in two sites in Warsaw and Łódź. Both sites were acquired from Panattoni Europe, a developer of logistics and industrial space, for an undisclosed sum

Belgian WDP, the developer of industrial and logistics projects, says it has ongoing investments of around €102 million in several Romanian cities with deliveries expected by the first quarter of 2022.