ARTICLES LABELLED WITH TAG industrial

LPP SA, the biggest Polish clothing manufacturer in Central and Eastern Europe (owner of five fashion brands: Reserved, Cropp, House, Mohito, and Sinsay) in line with its development strategy for the coming years, leased 25,400 sqm of industrial space from PNK Group in PNK Park SEREĎ in Slovakia. The contract provides for an option to lease another 7,300 sqm in the same building within three years. Therefore, the company could occupy the entire second building of the PNK Park SEREĎ with an area of 32,700 sqm. JLL acted as a consultant for the preparation and execution of this lease contract which is one of the biggest transactions recently recorded in the Slovak market.

JLL Slovak Capital Markets & Advisory team has successfully advised on closing a sale of an industrial and commercial park in Vráble. JLL team acted on behalf of the seller, a real estate investment and asset management company, which disposed its industrial asset in Western Slovakia to Proxenta Investment Group. The value of the transaction remains confidential.

Cushman & Wakefield has published new research assessing 48 of the most suitable locations for global manufacturers to expand or relocate their operations in EMEA, the Americas and Asia-Pacific. While manufacturers’ individual requirements will vary, China performs strongly thanks to increasing government investment in the adoption of technology, while the United States is most attractive for those seeking to minimise exposure to economic and political threats, followed by Canada and the Czech Republic. Considering basic criteria the Czech Republic is fifth globally and first in Europe.

Panattoni Europe has embarked on the construction of Panattoni Park Silesia South in Bieruń, 7 km from the centre of Tychy. The project will total 73,000 sqm, and its first tenant is Havi Logistics, poised to take up 13,000 sqm. The 35,000 sqm to be delivered in phase one of the project will be available already in the coming October. HAVI was advised in the deal by JLL.

During Q1 2019, gross take-up, which includes renegotiations, reached 384,700 sqm of the Czech industrial market, showing an increase of 24% over Q4 2018 figures. The Industrial Research Forum announced the final industrial market figures for Q1 2019.

CTP continues its expansion in Romania. The developer plans to add another 200,000 sqm to its 1 million sqm local portfolio.

Total demand on Budapest’s industrial market amounted to 83,680 sqm in Q1 2019, marking a 19% decrease from the figure noted in the same period last year. The Budapest Research Forum published its quarterly industrial market analysis.

Fund management company Redside has completed the acquisition of an industrial building in Pilsen, Czech Republic, with a total lettable area of 25,000 square meters. The seller is the current occupier of the property, the Japanese cable maker Yazaki. The new owner has joined forces with Panattoni Europe, for further development.

Up to 750,000 sqm of modern logistics and industrial space could be delivered this year in Romania, which could push the local stock of industrial spaces to over 4 million sqm, according to Dunwell, a real estate consultancy firm that specializes on the industrial segment.

Panattoni has announced new logistics developments in three Polish cities: Gdynia, Warsaw and Wroclaw. Completion of the projects in Warsaw and Wroclaw is planned for the second half of this year while Panattoni Park Tricity North will be opened in early 2020.