ARTICLES LABELLED WITH TAG industrial

According to JLL, Prague is still the largest sub-market in the Czech Republic, but a great deal of attention is also being paid to the border areas. In Q1 2018, almost 25% of all new industrial supply in the first quarter was delivered in the Karlovy Vary region for example. These include Panattoni Park Cheb and CTPark Aš, which together brought more than 50,000 sqm of new warehouse space to potential tenants. In another part of Northwest Bohemia, the Ústí nad Labem region, many projects have also been completed. The region represented 20% of the total completed industrial space and the third most active region by new premises delivered.

The Polish industrial market just closed its best start to the year to date with demand hitting around 1.1 million sqm. Furthermore, 1.8 million sqm of warehouse space is currently under construction. JLL summarised the condition of the industrial and warehouse market in Poland at the end of Q1 2018.

The rapid growth of e-commerce is changing the way warehouses are being built. In many BTS buildings, automated or semi-automated racking systems and robots are deployed for product storage and picking, says Krzysztof Czekalski, Technical Director in the Industrial & Warehouse Department at Cresa.

Prologis has begun construction of two new speculative facilities totalling 25,300 square metres at Prologis Park Bratislava. The developments include the 9,800 sqm Building 14, in which 2,900 square metres have been pre-leased by Blitshtein Trading, a food distributor to major markets in Central and Eastern Europe and the 15,500 sqm Building 20.

Hansainvest Real Assets GmbH intends to significantly expand its logistics property portfolio. Logistics assets with a volume of €200-300 million will be acquired by the end of 2019. The acquisitions will be concentrated on the core markets of Germany, Benelux and the United Kingdom. Selected properties may also be acquired in France, the Nordics, Spain and Poland. A total of between six and eight properties will be acquired.

MLP Group launches construction of a city logistics type warehouses with module areas of 1600 and 3200 square meters in Dąbrówka near Poznań. In total, more than 86,700 square meters is available for the lessees, out of which 10,000 square meters will be built this year as speculative space. The project is developed on the site of the MLP Poznań West park, which is located near the S11 road, A2 highway, next to the newly-opened S5 road and in a very close vicinity of the Airport.

Panattoni Europe has announced investments worth €1.2 billion in city logistics projects – facilities built within city limits dedicated to the so-called “last mile”. Already today in Poland, four such parks are under development, totalling €65 million in value, and the most recent development – City Logistics Warsaw has already secured its first tenant. It is Frisco.pl – the online supermarket. In the space of 3 years, the developer will systematically pursue successive markets, including Germany, the United Kingdom and the Czech Republic.

Cromwell Property Group, has entered into a strategic partnership with Linkcity, member of Bouygues Construction, a global construction company, to invest in the rollout of a portfolio of logistics and light industrial assets in Central and Eastern Europe.

Belgrade’s real estate market continues to grow cautiously. Prime yields currently stand at 8.50% for offices, 8.00% for shopping centres and 9.75% for industrial assets, according to JLL’s Belgrade City Report for Q1 2018.

Occupier activity set an all-time high on the Polish industrial market in the first three months of 2018, which pushed the country’s vacancy rate down to its lowest on record. Demand came mostly from e-commerce (24%), logistics operators (23%) and retailers (19%). Cushman & Wakefield presented a summary of the first quarter of 2018 on the Polish warehouse and industrial market.