ARTICLES LABELLED WITH TAG industrial

P3 has acquired a second logistics park near Lovosice, in the Ústí region of the Czech Republic, from HB Reavis. The new park, to be known as P3 Lovosice Cargo, comprises a single 43,500 sqm warehouse which is fully let to a long-term occupier and houses all of its business operations, including offices. P3 Lovosice Cargo has a direct rail link to the nearby international rail freight container terminal. Its accessibility is further enhanced by connections to Exits 45 and 48 on the recently opened D8 motorway.

CTP has acquired more than 20 ha of land for a new park in Iłowa, South West Poland. The new park sits strategically in the city’s dedicated Economic Activity Zone on the A18 highway connecting Krakow, Wroclaw and Germany.

WDP is reinforcing its capital in the Romanian entity, being a 51/49 joint venture partnership with Jeroen Biermans up until now. After the capital increase the ownership ratio of the shareholders will evolve towards an 80/20 ratio. This should facilitate the further portfolio growth towards €500 million.

Panattoni Europe is to build a distribution and online store service centre for SMYK. The facility, which will feature 70,000 sqm at full build-out, will be erected at the Panattoni Central European Logistics Hub in Łódź. The investment will be launched in early January and will proceed in a number of phases. The first 26,000 sqm is scheduled for commissioning in June 2018. The lease transaction was mediated by JLL.Panattoni Europe is to build a distribution and online store service centre for SMYK. The facility, which will feature 70,000 sqm at full build-out, will be erected at the Panattoni Central European Logistics Hub in Łódź. The investment will be launched in early January and will proceed in a number of phases. The first 26,000 sqm is scheduled for commissioning in June 2018. The lease transaction was mediated by JLL.

CTPark Bor has been expanded by a multi-functional service centre. The aim of this centre is not only to provide an office space for the tenants of CTPark Bor, but also to be attentive to their personal needs. The building includes a restaurant, a mini market and a medical professional. CTP is also drafting plans for a space with games and an area for athletic activity.

Rudolf Nemes will be joining CTP as Country Manager in Hungary, effective on January 8th, 2018, while István Pozderka became the company’s new Senior Business Developer in Hungary, effective on January 1st, 2018. The primary task of the new team will be to accelerate business growth and to strengthen the Hungarian platform in order to create the foundation of a sustainable future expansion.

Blackstone Property Partners Europe Lower Fund 2 plans to acquire 24 logistics centres from Goodman. The buyer intends to buy assets and shares in several companies which own properties in Poland, France and Germany.

P3 has acquired over 17 hectares of land in the vicinity of P3 Bucharest Park with the purpose of developing the park up to 500,000 square meters in the next two years. The new plot of land allows for the building of a warehouse of up to 100,000 sqm.

Czech online retail giant Alza has leased a 22,000 sqm warehouse at P3 Prague D8 park as increasing sales volumes put pressure on its existing logistics centres around Prague in the Holešovice District and at P3 Prague Horní Počernice park. Alza will move into the specially adapted facility – which will feature a mezzanine storage system that has the capacity to almost quadruple the total floorspace – in January (2018). Both of Alza's existing logistics centres are equipped with technology to ensure that the company can meet its delivery time promises – particularly useful during the hectic pre-Christmas season.

The total warehouse and industrial stock in Poland has surpassed the 13 million sqm mark. In the period from January to September 2017, new supply totalled more than 1.6 million sqm and occupier activity remained healthy. A new report by Cresa describes the current situation as a golden age for the Polish industrial market.