The industrial and logistics market in Romania continues to grow in terms of leasing activity and supply of new projects, with some 800,000 sqm in new stock under development at present.
Panattoni has completed a factory in Kalisz for Leviat – a global specialist in innovative solutions for the construction sector. The 40,000-square-metre investment replaces the company’s existing plant in the central Poland city. As a result, it will increase its production capacity and will be able expand its activities.
CTP has started the construction of a new warehousing facility for GEIS Global Logistics at CTPark Prešov South. A new 5 500 sqm facility will help GEIS strengthen its position in the Eastern part of the country, with the premises strategically located in the third-largest city of Slovakia.
CTP has recently finalised two strategic acquisitions in Bulgaria as part of its two-year, €300 million expansion plan to further grow its presence in the country.
In addition to manufacturing capabilities and an R&D centre, HELLA, a global manufacturer of lights and electronic components for cars, is now building a state-of-the-art testing laboratory in the Ostrava region. The lab will be located at CTPark Ostrava Hrabová, where advanced machines will be simulating the real-life operating environment of HELLA products throughout their entire life cycle.
‘Big Box’ mainstream logistics assets continue to display strong fundamentals but with pricing pressures driving down yields and new themes emerging, other industrial sub-sectors now offer alternative opportunities to investors, according to a new report by Savills Investment Management.
North and North-West Poland has become a new target location for the international investor Accolade. It will direct its investments of over €50 million to two new locations where industrial parks will be built. The cities of Elbląg and Koszalin are conveniently located near the sea and major ports as well as important road routes. The new tenants including DPD and AutoStore have already rented their place in the newly planned parks.
Union Investment and GARBE Industrial Real Estate jointly acquired the first logistics property for their “UII Garbe Logistik Fonds” investment fund. The seller is the Karimpol Group, a privately held property developer active in Eastern and Central Europe for over 30 years. It was agreed not to disclose the financial details of the transaction.
Panattoni is expanding Panattoni Park Tychy and is to lease out over 38,000 sqm to two tenants. The first is Tiberina Group subsidiary U-Form, a leading supplier of components for the automotive sector in the EMEA region. The company was represented by Cresa Polska. The other is Nodium Group – the owner of two online platforms – sport-shop.pl and nodik.pl. The company is to consolidate its operations by occupying more warehousing space than it already leases.
The office sector accounted for 66% of total investment volumes recorded in Romania’s commercial real estate sector in the first semester. Deals worth close to €290 were closed in the first half, down 41% year-on-year, according to a report by real estate consultancy Colliers.
Online grocer Barbora has leased around 3,000 sqm in the Park City Logistics Katowice I logistics park.
Reka Rubber Polska, a manufacturer of rubber products has leased almost 2,000 sqm of warehouse space in MLP Poznań West. Rock Estate agency helped to negotiate the deal.
International design studio Buro Happold has extended its lease in the central-Warsaw Spektrum Tower building owned by Globalworth. The company occupies 1,300 sqm of office space.
New appointments
Globalworth announces that Andreas Papadopoulos, Chief Financial Officer, has informed the Board that he wishes to resign from his role but that he will stay on for an interim period, leaving the company by 30 April 2022.
Máté Bihari has been appointed Director of Leasing and Sales by Horizon Development in Hungary. He joined the Horizon Development team in 2017, where he played an important role in leasing commercial projects.
Nikola Ristivojevic has started a new position as Director of Capital Markets at Coreside Savills in Serbia. He previously worked as Senior Consultant at CBS International, a member of Cushman & Wakefield Alliance.
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