Last year was a year of gradual recovery in demand and relative stabilization for Ukraine’s warehouse property market. Recall that 2022 was a year of forced demand, with rental activity supported by relocations to safer locations and the search for new premises to replace the destroyed ones. In 2023, the market moved from the stage of survival to the stage of moderate development. Iryna Nastych summarised what happened in the warehouse market in 2023 and what to expect this year together with experts in an article prepared by the Ukrainian Real Estate Club for Property Forum.

Warehouse developer LemonTree has joined the United Nations Global Compact initiative under the aegis of the UN. This initiative aims to support companies in implementing the UN Sustainable Development Goals. At the same time, LemonTree joined the Climate Positive programme, which implements the climate goals set by the UN.

Panattoni is developing another BTS project for K-Flex – an international manufacturer of elastomeric thermal and acoustic insulation materials. A seventh building of 20,000 sqm in the warehousing and manufacturing complex in Uniejów will be completed in June this year. 

CTP has increased its total lettable area in the Czech Republic to over 4 million sqm, reaching a 27% share of the Czech industrial real estate market.

Panattoni has been granted financing to develop a factory for global lighting producer Trilux. The loan of €18.3 million was granted by Alior Bank.

The logistics market has proven to be the most resilient asset class and has seen its importance emerge during and after the COVID-19 pandemic. Still, developers are not standing idly by, they are looking for new horizons, in terms of figures, service quality and creativity. These are some of the conclusions of the panel discussion focusing on the Slovak logistics market at the recently organised Bratislava Property Forum 2024.

Industrial developer WDP has purchased wholesale retail park Expo Market Doraly from ARA Europe and Romanian investor Gheorghe Iaciu for an undisclosed sum.

Faedra Group, acting as developer and general contractor, has successfully sold its new, fully leased greenfield logistics development Faedra22 in Budapest. Throughout the marketing process, a German capital source was selected as the ideal buyer, Colliers reports. Selling Faedra 22 logistics park marks the first sizeable transaction by a foreign buyer in Hungary in 2024 so far.

P3´s hall with an area of 42,331 sqm and an atypical floor plan is capable of accommodating an entire train unit. It is located in Lovosice Cargo, Czech Republic.

Having secured the necessary building permit, the 7R Group is set to launch its first warehouse development in the Czech Republic. 7R Park Lavičky D1 Highway is strategically located along the Prague-Brno connecting road.