ARTICLES LABELLED WITH TAG industrial

The first two warehouses of industrial real estate developer HelloParks have become 100 percent occupied over a few months. The Maglód and Fót developments, which opened earlier this year, are the first industrial buildings in Hungary to meet the sustainability requirements of the Excellent certificate in the BREEAM New Construction category. In addition to Maglód and Fót, HelloParks’ megapark in Páty is also being developed at full capacity. The nearly two-year-old company plans to deliver two more projects in 2022. As a result, the total gross leasable area offered by the HelloParks megaparks in the county will be increased to 160,000 sqm by the end of this year representing a total investment value of €190 million.

Demand for logistics real estate is not slowing in Europe, driving significant upward price growth. This development is further fuelled by increased construction and financing costs in the new-build segment. Overall, 70% of the examined European markets registered substantial growth since the end of the second half of 2021, whereas 30% saw no change in rent levels. The remarkable thing is that no region reported negative rental growth. These are some of the findings Garbe Research presented in its latest Garbe Pyramid Map, the 2022 mid-year update of the company’s yield and rent map for the 122 most important logistics real estate submarkets in 23 European countries.

Accolade Industrial Fund reported a crown appreciation of 4.23% in the second quarter of this year. For the entire first half of 2022, the fund achieved an appreciation of 5.45%. These figures were driven primarily by rental growth in the fund's portfolio of 1.2 million sqm of industrial property.  

The net profit of logistics developer VGP was €153.1 million for the first six months of 2022. The first half of the year came up with €35.4 million worth of signed and renewed lease agreements, which annualised means €281.1 million of the total rental income and another €88.1 million of the annual rent is expected from 40 projects with 1,346,000 sqm under construction that are almost totally pre-let (87.4%). VGP published the results at the end of August.

UK-based commercial property fund manager and investor First Property Group concluded the sale of Tureni Logistic Warehouse, with a total area of about 8,300 sqm, in a deal brokered by real estate consultancy company Colliers.

Bufab Hungary Kft, a subsidiary of Swedish-based Bufab Group leased nearly 2,000 sqm of warehouse and office space in LogiCube Park in Biatorbágy, near Budapest. 

Prologis is starting construction of a 46,000-sqm speculative distribution facility at Prologis Park Wrocław III. The new building will comprise of warehouse and production space.

DHL Supply Chain has begun the construction of a logistics facility in Gorzów Wielkopolski with a planned total area of 110,000 sqm.

Panattoni has leased out 17,000 sqm in Lublin to Stella Pack, one of the largest distributors of chemical cleaning products and a producer of hygiene products. The leasing agreement was brokered by consultancy BNP Paribas Real Estate.

The new last-mile facility, Faedra22 Park will offer 14,500 sqm of flexible light industrial and logistics space with technical solutions to meet tenant-specific needs.