ARTICLES LABELLED WITH TAG industrial

Norway’s sovereign wealth fund has acquired a 50 percent interest in a logistics portfolio comprising eight buildings and developable land in Poland, the Czech Republic and Hungary, in a joint venture with Prologis. During the same period, three logistics properties in France have been sold.

Total leasing activity amounted to 84,600 sqm on the Budapest industrial market in Q3 2016, which marks a 9% decrease on the previous quarter and a 37% ascent on a yearly basis.  The Budapest Research Forum has published its quarterly industrial market analysis.

Prologis has signed two new lease agreements totalling 15,750 square metres at Prologis Park Teresin.

Prologis has signed two lease agreements with Sony DADC, a disc and digital solution provider for the entertainment, education and information industries, totalling 20,450 square metres at Prologis Park Pilsen-Štěnovice.

In Q3 2016, industrial space totalling 60,200 sqm was added to the Czech Republic’s industrial property market and there was 474,800 sqm of storage and industrial space under construction at the end of the quarter. The Industrial Research Forum has announced its preliminary industrial market figures for Q3 2016.

Prologis has announced that it will begin construction of a 21,140 sqm speculative facility at Prologis Park Bratislava to meet high demand from customers throughout the region. The building, DC15, will be situated on a 22.6-hectare plot of land that was acquired by Prologis in the second quarter of 2016. The plot has a build-out potential of an additional 66,000 square metres. DC15, like all newly built Prologis facilities, will be submitted for BREEAM accreditation.  

KRM Poland, a distribution branch of the shoe retailer Ecco, has significantly expanded its warehousing and operations at Bokserska Distribution Center in Warsaw. The company is introducing its e-commerce platform to the facility and will occupy more than 10,500 sqm. Knight Frank, the manager of the property, advised the owner, UK & European in the transaction.

The Polish branch of Berner, a European direct seller, has signed a lease for more than 2,900 sqm of warehouse and office space in Panattoni Park Kraków III. The developer Panattoni was represented by Cushman & Wakefield.

The European industrial and logistics investment market experienced a record breaking H1 investment volume this year, despite a slower Q2. In Hungary, the vacancy rate slipped to 6.6%, and developers’ activity is on the rise according to the latest research data of CBRE.

Prologis has begun the development of an 11,720 sqm speculative distribution facility at Prologis Park Prague-Airport in response to high customer demand, which has resulted in the park being fully let.