P3 Logistic Parks has signed an exclusive agreement to partner with Virtuplex, Europe’s largest B2B virtual reality laboratory, to explore the application of VR technology in the logistics warehouse space.

P3 Logistics Parks announced the appointment of Tim Beaudin as CEO. Previously, Beaudin served as P3 Chairman of the Board since March 2018. He is replaced as P3 Chairman by Goh Kok Huat, former Chief Operating Officer of GIC, effective 1 October 2019. Beaudin takes the reins of P3, a developer and investor of warehouse property active in Europe for almost two decades, to build on the company’s success and support the P3 leadership team on growth plans.

Panattoni Europe embarks on the construction of Panattoni Park Częstochowa. It is the developer’s first project of this kind in the north of the Silesian voivodeship. Two modern halls will offer in total 30,400 sqm of Class A space. Construction works are set to begin in October, and the first units will be handed over to tenants in February 2020.

Panattoni Europe expands its portfolio in the Kuyavia-Pomerania region. The cornerstone has been laid under Panattoni Park Toruń II with planned space of 57,500 sqm. The two-building complex is being built in the north-eastern part of Toruń and has already secured its first tenant – a logistics operator, set to take up 5,000 sqm. Stage one of the investment process – a hall featuring close to 16,500 sqm – will be completed by next March.

Having closed CEE’s largest ever real estate transaction this summer, CTP is carrying on with its ambitious development plan. Group CFO Richard Wilkinson talked to Property Forum about the company’s upcoming projects and the financing conditions industrial developers face.

M7 Real Estate has completed the sale of a portfolio of five logistics parks across Hungary, on behalf of M7 Central European Real Estate Fund I (CEREF I).

Hines Global Income Trust has acquired a logistics property in Łódź. The property is a Class A facility designed for storage and light production and will be managed by Hines Polska. Along with its acquisition in Gdansk earlier this month, this acquisition represents Hines Global’s second Polish logistics facility.

CTP will complete the construction of a new factory in Kragujevac, Serbia for one of the world leaders in the production of car components. The investment is worth €16 million and will help create around 800 jobs in Kragujevac in the surrounding places.

Blackstone announced the launch of its pan-European last mile logistics real estate company, Mileway. The new company owns and operates approximately 1,000 logistics assets that have been acquired by real estate funds managed by Blackstone over the last several years.

Hines Global Income Trust has acquired a modern logistics park with an area of over 30,000 square meters near Gdańsk. The property purchased on 24 September 2019 from the investment platform The SEGRO European Logistics Partnership (SELP) will be managed by Hines Polska.