Real estate developer Element Group has announced the acquisition of a new land plot of 2.7 hectares, close to A1 highway, at the entrance of Pitești city, in southern Romania. 

M7 Real Estate, on behalf of its M7 CEREF II Fund, acquired two urban logistics schemes from 7R. Avison Young represented the seller as the exclusive agent throughout the transaction.

Global logistics solution provider Mainfreight has started operations on a new distribution hub in Timișoara Industrial Park (II), a project jointly developed by Globalworth and Global Vision. 

Colliers recently secured the largest agent-involved transaction in the history of the Czech industrial market. Senior Associate Lukáš Svobodník brought Sportisimo to Hrušov in Ostrava, where Contera began construction of a logistics complex for the sporting goods retailer. This new distribution centre of the Czech company will offer jobs to 700 people. The 90,000 sqm hall, with a clear height of up to 25 meters, a rare feature in the Czech Republic, is now one of the country’s biggest logistics halls.

Brothers Adrian and Dragoș Pavăl, founders and owners of DIY chain Dedeman, are investing in a new logistics project in Pantelimon, near Bucharest. 

French BIC Group, the maker of stationery, lighters and shavers, is reportedly looking to open a regional distribution centre near Bucharest, according to profit.ro.   

Subsidiaries of Polish industrial developer MLP Group have secured a €73.4 million loan for financing its portfolio from a consortium of BNP Paribas Bank Polska and PKO Bank Polski.

Login Business Park in the north of Budapest, owned by Wing, is set to expand with a new hall offering more than 5,000 sqm in floor space. The project responds to distinct market needs reflecting increasing demand and increasing interest in the park. The market was quick to signal the necessity of the construction project, with lease agreements signed for the entire floor space of the hall immediately. The development is scheduled to be completed in late summer 2021.

FUTURE Designs, the UK based designer and manufacturer of high-quality luminaires and bespoke lighting solutions, has obtained the first IMMUNE Building Standard certification in the world for an industrial building, awarded by the Healthy by Design Building Institute (HDBI). The factory and headquarters achieved the label IMMUNE - Strong following the company’s successful implementation of the set of health and safety measures for its employees.

WDP Romania, the developer and owner of industrial and logistics spaces, has received the Excellence in Design for Greater Efficiency (EDGE) certification for its local stock of warehouses. EDGE was created by IFC, part of the World Bank. It helps property owners and developers build and operate green buildings in a fast and affordable way. The certifications apply to WDP warehouses ranging from 2,500 sqm to more than 60,000 sqm.