Prologis announced that Prologis European Logistics Fund (PELF) has acquired the 43,700 sqm Mountpark Pilsen in the Czech Republic.

Gross take-up on the Czech industrial market reached 420,300 sqm in Q1 2018., showing an increase of 41% compared to the same period of last year. The Industrial Research Forum announced the final industrial market figures for Q1 2018.

IAD Investments, the oldest independent Slovak asset management company, has acquired the Dunaharaszti industrial park next to Budapest. The acquisition of the logistics complex was made on behalf of its Prvý realitný fond, a mutual fund investing throughout Central Europe. This is the first fund acquisition made in Hungary and it means the successful entrance to the Hungarian real estate market.

So far in 2018 CBRE won the management of further 10 properties (industrial and shopping centres and an office building) in Budapest. The Budapest office now manages a 600,000 sqm portfolio in Hungary.

Prologis announced the launch of construction of Prologis Park Brno, a new logistics park in the Czech Republic, with the first speculative development of 27,860 square metres. The building is scheduled to be completed in the third quarter of 2018.

The Polish government’s bill on supporting new investments will introduce new regulations on state aid and operation of Special Economic Zones (SEZs). It is estimated that the proposed amendments will attract more than PLN 2.5 billion worth of investments in the first year of the new regulations being in force and result in 200,000 new jobs created within ten years. Michał Rafałowicz, Head of the Pomeranian Region at Cresa Poland analysed the impact of the new SEZ act.

Total demand on the Budapest industrial market amounted to 103,790 sqm in Q1 2018, marking a 45% year-on-year increase. At the end of the first quarter, there were only four existing schemes with more than 5,000 sqm of available warehouse space. The Budapest Research Forum published its quarterly industrial market analysis.

Panattoni Europe will develop its third manufacturing facility for Ideal Automotive. This time, the factory will be built in Świdnica, at the Wałbrzych Special Economic Zone Invest-Park, and will take up approx. 27,400 sqm. Construction works will commence as early as this April, and are scheduled for completion in Q4 of this year. The lease was mediated by the advisory firm Colliers International.

CTP will deliver another logistics park in Cluj county by the end of this year. The 30,000 sqm CTPark Cluj II will be completed in three phases.

CTP is developing a 20,000 square meter warehouse for home appliances manufacturer Arctic in Cateasca, near Pitesti.