Panattoni Europe has completed the construction of a large-scale logistics centre for BSH Sprzęt Gospodarstwa Domowego. The 79,000-square-metre BTS facility with its own railway siding was delivered in Łódź, at the largest distribution complex in Poland, Central European Logistics Hub.

CTP is significantly expanding activities on the Hungarian market. The company announced two new land acquisitions in strategic locations during its presentation for real estate agents and journalists. The first plot of land is located in Biatorbágy, and the second land plot is near Dunaharaszti, which is one of CTP’s newest locations. These acquisitions are a result of CTP’s expansion plan, which will increase the value of assets owned by the group in Hungary from €250 million to €320 million by the end of 2018.

The EBRD and ING Romania are joining forces to finance the logistics park CTPark, situated on the A1 Bucharest-Pitesti motorway and 2 km away from the Romanian capital. The financiers have arranged a package of €96 million, of which the EBRD is providing €43.8 million and ING €52.2 million.

Industrial, and specifically logistics, is the most sought-after real estate sector for European investors, overtaking office for the first time, according to CBRE’s annual EMEA Investor Intentions Survey. In 2017 Paris, Madrid, Amsterdam, Frankfurt and London were the five most sought-after destinations in Europe for investors who are actively pursuing alternative opportunities due to aggressive asset pricing and limited availability of core stock. In Hungary steadily improving developer sentiment and potential platform deals could pave the way for rising turnover in the sector.

M7 Real Estate, a pan-European real estate investor and specialist asset manager, has agreed on a number of transactions as part of its proactive asset management programme on behalf of Vector Parks. Vector Parks comprises a portfolio of industrial and office assets located in the Czech Republic and Slovakia. Over the last six months, M7 has completed six new lettings and four renewals totalling over 20,500 sqm with predominantly anchor tenants.

REICO investiční společnost České spořitelny, a.s. has acquired, on behalf of the ČS nemovitostní fond, their first prime industrial asset in Slovakia from developer and investor Invest4SEE Investment Holding GmbH. JLL advised REICO IS ČS on their first industrial acquisition in Slovakia with a transaction value of €38.9 million.

CTP is significantly expanding on the Hungarian market, announcing two new land acquisitions in strategic locations. The first plot of the total of 30 hectares investment is located in Biatorbágy next to the M1 highway, the second land plot is near Dunaharaszti. These acquisitions are a result of CTP’s ambitious expansion plan in the country, which is the primary task of new Country Manager Rudolf Nemes.

Although nearly 120,000 square meters of new industrial / logistics space was delivered to the Budapest market in 2017 which is almost double of the figure delivered in 2016. It may still occur that by the end of the year the available warehouse units with 5,000 sqm+ space will disappear from the Budapest market and its surrounding area, according to Colliers International's latest industrial property market report.

Retail and hotel sectors recorded highest investment volumes in the Croatian commercial property market in 2017. According to information available and Colliers’s estimate, 2017 brought more than €320 million investment in transactions of 22 investment properties. This does not include pending transactions or confidential deals.

Prologis announced the sale of Prologis Park Hegyeshalom in Hungary to Horvath Rudolf Intertransport Ltd, a Hungarian logistics services provider. The transaction includes a fully leased Class A logistics facility totalling 32,300 square metres and 24 hectares of land. Noerr and JLL represented Prologis while Deloitte advised Horvath Rudolf.