With 2.32 million sqm of industrial and logistics space under construction, Poland is the top European market for development activity, says the latest quarterly report from BNP Paribas Real Estate Poland.

VGP has started the construction of Hall B in VGP Park České Budějovice, located on the outskirts of the South Bohemian metropolis in the Světlík commercial zone, earlier this year. The "Small business units" concept represents a solution for small and medium-sized companies.

P3 Logistic Parks has acquired a standalone building next to P3 Prague D8 Park. Established two decades ago, the industrial park has grown to seven buildings totalling 176,840 sqm of leasable space, including the newly acquired hall.

HelpShip, part of euShipments.com's group and logistics network, has leased 12,500 sqm in CTPark Oradea Cargo Terminal.

EQUS Parks Holding has announced that the EQUS Park Lovosice project has received its planning permit. The project will offer 25,164 sqm of built-up area.

The estimated volume of new industrial deliveries in Romania is set to exceed 500,000 sqm in H2 2024, which would add to the existing stock of 7.1 million sqm.

According to the latest report by Newmark Polska, the Polish warehouse and industrial market saw less than 1 million sqm transacted in the first quarter of 2024. At the end of March, the development pipeline stood at more than 2.3 million sqm while vacant stock in standing buildings experienced another rise. An increase in both developers’ and tenants’ activity is, however, expected to be spurred by long-awaited cuts to interest rates.

Garbe Industrial Real Estate CEE has completed the sale of Garbe Green Park Piešt'any in Slovakia. The nearly 28,000 sqm industrial park is fully leased. The buyer is Patria investiční společnost, a.s., part of ČSOB. 

The development of a new industrial building with a leasable area of 27,500 sqm has kicked off at BHM Industrial Park Belgrade (IPB), with completion expected by the end of 2024.

The industrial sector in Romania is recording a slowdown in Q1 2024, with the same trend being recorded across Central and Eastern Europe (CEE) markets, according to a iO Partners analysis.