ARTICLES LABELLED WITH TAG industrial

Panattoni Europe has sold another logistics facility, Panattoni Park Warsaw West V totalling 70,000 sqm. The buyer is a Dutch company controlled by one of the leading global real estate investment firms, for whom this is the first investment in the Polish warehouse market.

Richard Wilkinson is joining CTP as Group Chief Financial Officer (CFO) effective 1 July 2018 and will be working closely with Robert Pitt, COO, and Remon Vos, CEO, to secure growth, increase market share and profitability.

Panattoni Europe is developing another warehouse facility for an e-commerce business. This time it is expondo Polska, which will take up 30,000 sqm at Panattoni Park Zielona Góra, currently under development. The tenant will be able to move into the complex already in the coming October.

JLL's industrial real estate portfolio has expanded with the warehouse development called DOCK, owned by Dock Ingatlan Kft., in the Csepel Free Port area of Budapest. Following the real estate development in the 3.5-hectare area, a total of 15,000 square meters will be available for rentable warehouse space. Additionally, as a further development potential, the owners also highlighted the area of 80,000 square meters located on the northern part of the Free Port.

CTP continues to grow its industrial and logistics portfolio in Romania, the Czech Republic and Hungary. The developer also secured €35 million refinancing for two of its Czech hotels. CTP posted an update on its operations in several countries.

LPP SA, the owner of brands including Reserved, Cropp, House, Mohito and Sinsay, has leased 16,000 sqm at Panattoni Park Gdańsk III, which will be dedicated to e-commerce. The complex is currently under development, and the tenant will be moving in already in Q3 2018.

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.