Garbe Industrial Real Estate GmbH, one of the leading specialists for logistics and industrial properties in Germany and other countries in Europe, is expanding its footprint in Central Eastern Europe. Martin Polák, a former managing director at Prologis, will join Garbe as Managing Director CEE and will be in charge of the further expansion in the region.

Panattoni will soon start the construction of Panattoni Park Tricity South II. The first 25,000 sqm out of the 70,000 sqm planned will be available in August 2020.

2019 saw the completion of 8 Prologis buildings in CEE with a total area of 189 000 square meters, whereas development starts totalled 200,000 square meters. Prologis shared it 2019 results and achievements for Central Europe.

MLP Group has issued €30 million worth of bonds. The issue proceeds will be used to purchase land and implement projects to construct warehouses in Poland and abroad. On February 26th, the bonds will be introduced to trading on the Catalyst market.

According to new data from Savills, Rotterdam is the most attractive port in Europe for logistics investment, coming in ahead of Barcelona, Valencia, Antwerp and Hamburg. Gdańsk, the largest seaport in Poland and one of the key container terminals in the Baltic Sea, may soon become one of the most modern in Europe thanks to Central Port project planned.

A new record level of modern industrial, office and retail projects is expected to be delivered in 2020, as developers announced projects of over 1.2 million square meters, according to the latest Bucharest City Report published by JLL.

In 2019, the Polish warehouse and industrial market witnessed a record supply amid an unwavering occupier demand despite the earlier fears of an economic slowdown, says real estate advisory firm Savills. Demand continues to be driven, among other factors, by e-commerce.

Local investors continue to dominate the Czech property market as new family offices, private wealth and retail funds continue to establish and expand. Colliers International published its Q4 2019 investment, industrial and office market overview of the Czech Republic.

Romanian developer Urbano Parks is investing €14 million in a logistics park located in Cluj-Napoca, Romania.

Globalworth signed a lease with DS Smith for its second logistics park in Timisoara, a project belonging to Globalworth Industrial, its industrial and logistics sub-brand. DS Smith decided to relocate its Service Center operations from Timisoara, renting more than 6,000 sqm at the park. Following this new collaboration, the occupancy rate in all completed industrial projects under the Globalworth umbrella reached 100%.