ARTICLES LABELLED WITH TAG industrial

News WP Carey purchases Polish warehouse for €32m
05
Dec
2016

WP Carey purchases Polish warehouse for €32m

by Ákos Budai
CP:17 – Global, a U.S.-based non-traded REIT focused on investing in income-producing commercial properties and real estate-related assets, announced that it has completed the sale-leaseback of a cold-storage facility from Greenyard (formerly Greenyard Foods), one of the world’s largest fruit and vegetable suppliers. The 28,700 sqm (309,759 sq ft) facility is located just outside of Warsaw, Poland and was purchased for approximately €32 million. The proceeds from the 20-year triple-net lease will be used to pay down debt associated with the facility. 
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News Prologis delivers BTS project in Central Poland
05
Dec
2016

Prologis delivers BTS project in Central Poland

by Ákos Budai
Prologis has completed the construction of a 22,200 square metre build-to-suit (BTS) facility for Arvato Polska leader in terms of complex outsourcing services at Prologis Park Stryków. CBRE facilitated this transaction. It is the second BTS project Prologis has launched this year at the park, and the third in Central Poland.  In the second quarter, Prologis started the construction of a 42,000 square metre facility for Agata at Piotrków Trybunalski and an 11,740 square metre BTS for German logistics operator Geis.
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News Lease renewal at Hillwood Wroclaw I
30
Nov
2016

Lease renewal at Hillwood Wroclaw I

by Ákos Budai
Danfoss Power Solutions, a manufacturer and provider of hydraulics solutions, has renewed its lease for more than 20,000 sqm of industrial, office and social space at Hillwood Wrocław I. The tenant was represented in the negotiations by Cushman & Wakefield.
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News CTP completes acquisition of Westlog in Hungary
24
Nov
2016

CTP completes acquisition of Westlog in Hungary

by Ákos Budai
CTP continues expanding in Central Europe, with the recent acquisition of Westlog DC (Distribution Centre) 10 km from Budapest’s city centre. The park is situated west of the city, directly on the M1 motorway, near the junction of the main north-south M7 and the M0 ringroad.
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News New facility at CTPark Karviná ahead of schedule
24
Nov
2016

New facility at CTPark Karviná ahead of schedule

by Ákos Budai
CTP is nearing completion of phase I of a new 25,000 sqm production facility which is being constructed for a new client, UK-based Stow, one of the leading suppliers of added-value warehouse racking and storage systems. The company's core activity is the development and manufacturing of racking systems for the storage of palletised or small goods and longer items, as well as mezzanine structures. 
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News Prologis to start new BTS developments near Budapest
21
Nov
2016

Prologis to start new BTS developments near Budapest

by Ákos Budai
Prologis has signed a new lease agreement for 13,800 square metres and will deliver two new facilities totalling 21,000 square metres at Prologis Park Budapest-Sziget for Waberer’s. The transactions with new customer Waberer’s include 13,800 square metres at DC7A, a 21,500 square metre speculative facility that is now fully let two months after completion and 21,000 square metres at DC7B and DC8 to be developed to the customer’s specifications and scheduled for completion in the second quarter of 2017. 
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News Stable increase on the Hungarian industrial market
21
Nov
2016

Stable increase on the Hungarian industrial market

by Ákos Budai
This more intense activity observed on the Hungarian industrial property market is fuelled by an increased number of leasing and sales transactions that resulted in the net absorption rate outpacing the new supply. From a development perspective the market is experiencing a new turn, as a number of speculative projects were initiated again, which was not the case for many years, as since the economic downturn, developers were almost exclusively focusing on build-to-suit type of projects.
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News Prologis Parks closes six deals in Silesia
17
Nov
2016

Prologis Parks closes six deals in Silesia

by Ákos Budai
Prologis has signed six lease agreements totalling 33,730 square metres at Prologis Park Chorzów, Prologis Park Dąbrowa and Prologis Park Będzin II.
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News Goodman expands in Hungary
17
Nov
2016

Goodman expands in Hungary

by Ákos Budai
Goodman Group, an owner, developer and manager of industrial real estate, has opened the 22,200 sqm expansion of its Gyál Logistics Centre. One unit is already pre-leased and the remaining two units are available for immediate lease. The total leasable area has nearly doubled to 44,735 sqm.  
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News Goodman appoints new Country Manager for Hungary
17
Nov
2016

Goodman appoints new Country Manager for Hungary

by Ákos Budai
Goodman Group, an owner, developer and manager of industrial real estate, has appointed István Kerekes as the Country Manager for Hungary. With vast experience in commercial real estate, István will be responsible for Goodman’s properties in Gyál, Üllő and Kecskemet and will work towards strengthening the Group’s portfolio in Hungary.
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Latest news


New leases

  • LCP Properties has finalised two further leases for M Park Pionki. The CCC shoe shop will occupy 400 sqm in the building, while the area of the Xtreme Fitness gym will reach 600 sqm.
  • Two more companies have become tenants of Diuna, part of the Warsaw office portfolio of Syrena Real Estate and PineBridge Benson Elliot. Intrum has leased nearly 370 sqm and Carrier Chłodnictwo about 500 sqm in the complex on Taśmowa Street. In addition, WDX has extended its lease for nearly 500 sqm of space.
  • Castorama has opened its 103rd shop in Poland. The outlet in the compact Smart concept is located in the Dekada shopping centre, at Armii Krajowej Street in Grójec. It is a 2,000-square-metre retail space, an outdoor garden zone and an assortment of around 15,000 off-the-shelf products.

New appointments

  • Prologis' Warsaw team has gained a new director. As of 1st of April, Marzena Tkaczuk has joined the team of development experts. As Capital Deployment Director, she will be responsible in particular for the implementation of build-to-suit projects.
  • Hagag Development Europe has named Ana-Maria Nemțanu as Leasing Director. She has over 17 years’ worth of experience in the local real estate industry.
  • Emilia Dębowska has been promoted to the position of Head of Sustainability Europe of Panattoni. In her new role, she will be responsible for Panattoni’s integrated sustainable development strategy encompassing both the company’s business goals and the development of its projects in Europe for every country in which the developer is active.

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