ARTICLES LABELLED WITH TAG industrial

The Czech Republic saw investment in real estate tail off slightly in the third quarter to €450 million, but following a strong start to the first half of 2017 when €2.25 billion worth of transactions were closed, total cumulative investment volumes had reached €2.67 billion by the end of September, according to Colliers International.

Accelerate Property Fund, a JSE-listed real estate investment trust, has announced it will acquire a portfolio of five single-tenanted, long-lease, light industrial properties in Poland for €41.9 million from Panattoni Europe.

Panattoni Europe has completed the construction of another e-commerce logistics centre for Amazon. The facility with total useful floor area of 161,500 sqm was erected in Kołbaskowo, near Szczecin. More than 3,000 robots have been put in place to support the employees, using Amazon Robotics technology. The investment was developed to comply with the requirements of BREEAM environmental certification.

Panattoni Europe has completed stage one in the construction of a distribution centre for Castorama Polska. The developer has delivered 50,000 sqm out of 100,000 planned. One of the largest investments in Poland is going up in Stryków and it will provide logistics support which will enable the leading DIY/home improvement chain in Poland to go further towards fulfilling its fundamental commitment to customers – to provide them with the best possible product availability at attractive prices. The official opening of this section of the facility took place on 16 November 2017.

P3 has signed a deal with FM Logistic to be the first occupier at its new park in Lovosice, close to the borders with Germany and Poland in the north of the Czech Republic. The French logistics company is already a well-established P3 customer, with build-to-suit warehouses at P3 Prague D11 park and on two P3 parks in Poland completed earlier this year. It also occupies space on P3 parks in Romania.

The industrial, logistics and office sectors in Bucharest were the drivers of the real estate development market in the first nine months of the year, while the retail sector recorded the lowest growth rate in terms of projects delivered in this period of time. On the property investment market, the retail sector was the star, cumulating 60% of the volume traded in the first nine months.

CTP has acquired Phoenix Logistics Center (PLC) from the Dutch company LSREF3 Alpha Dutch Holdings B.V. The centre has been integrated into CTPark Bucharest and is located in Chiajna, 10 km from Bucharest’s centre.

Q3 2017 saw the delivery of 875,000 sqm of new space on the industrial market in Poland. In the same period, approximately 630,000 sqm was leased. JLL summarised the industrial market in Poland at the end of Q3 2017.

A second building is under construction at the Páty industrial park right after the handover of the first facility. This time Inpark develops a built-to-suit, energy efficient warehouse to leading electronics retailer Euronics, with a total budget exceeding €8 million (HUF 2.5 billion), to be delivered next spring.

The market for industrial and logistics space in Poland has been growing dynamically for more than a decade. CBRE and Panattoni Europe, with the strong support from research agency Analytiqa, decided to examine how businesses operating in the logistics sector view the current market situation, what are their development plans and expectations regarding growth across the entire sector.