ARTICLES LABELLED WITH TAG industrial

Compared to neighbouring Poland or Slovakia, rental prices for industrial properties in the Czech Republic can run up to one-third higher. Low vacancy rates and a small supply of immediately available space are forcing tenants to prefer more competitive offers from neighbouring countries, as shown in the regular quarterly industrial property market report published by Colliers.

CTP has been appointed by dog food manufacturers PsiBufet and Butternut Box to build a specialist facility to produce fresh dog food for distribution across continental Europe.The specialist new facility is being developed in a build-to-suit model at CTPark Zabrze.

Industrial developer CTP has expanded its partnership with delivery company Cargus following the inauguration of a new warehouse in Sibiu.

Industrial packaging distributor Neopak is to move its main warehousing facilities to Panattoni Park Warsaw South IV, where it is to occupy over 10,500 sqm of warehouse and office space.

CTP has marked the third anniversary of its listing on the Euronext Amsterdam stock exchange, which at the time was the largest real estate IPO in Europe since 2014. The subsequent three years from CTP's listing in March 2021 have been a time of accelerated growth for the company, highlighted by a 103% increase in GLA from 5.9 million sqm to 12.0 million sqm across CTP's European portfolio and 162% growth in its landbank, from 8.8 million sqm to 23.1 million sqm, thereby locking in future expansion by enabling CTP to develop more space to meet strong demand.

The industrial and logistics market in Romania recorded new lease deals for around 200,000 sqm in Q1, with most of the demand generated by manufacturers, FMCG and logistics operators, according to a Cushman & Wakefield Echinox report.

Property consultancy 108 Real Estate has announced its expansion in Romania, where it will focus on the industrial segment.

According to data from Colliers, a trend called shell & core is gaining momentum in the Czech Republic. This is a strategy of constructing and building out industrial buildings to the stage of providing basic structures and infrastructure.

The vacancy rate at the end of Q1 2024 reached 8.9% in Greater Budapest, representing a 0.3 percentage points increase quarter-on-quarter, while an increase of 3 percentage points was registered year-on-year, the Budapest Research Forum reports.

VGP NV and AREIM Pan-European Logistics Fund AB have announced the signing of an initial transaction between VGP and its 50:50 joint venture SAGA. The target investment is reaching €1.5 billion.