ARTICLES LABELLED WITH TAG industrial

A pandemic, high inflation, rising prices for materials and contractors, and consequently, an increase in starting rental rates concerned the warehouse sector in 2022. Despite the difficulties, the logistics and industrial market is stable and has grown dynamically. The breaking point for the sector turned out to be Russia’s aggression against Ukraine at the end of Q1, 2022, which significantly changed the perception of the entire market in the first weeks of the war. Additionally, tenants and developers looked for ways to optimize energy costs throughout the year. Axi Immo presented a recap of 2022 and forecasts for 2023 for the warehouse market in Poland.

In 2022, the industrial market remained one of the fastest-growing real estate sectors in Poland despite supply chain disruptions that sent rents and construction costs rising. 2023 is shaping up to be a year of buzzwords such as nearshoring, reshoring and friendshoring, with the biggest challenges being cost optimization and looking for savings, says Jakub Kurek, Head of Industrial and Warehouse at Newmark Polska.

From the warehouse developers' perspective, 2023 will be marked by very well-thought-out purchases. With the costs of financing constantly rising, construction costs changing, and investors pressing for discounts on the existing warehouse market, the land market will be the first to feel this accumulated pressure, says Bartłomiej Krzyżak, Senior Director, Investment at Avison Young.

DHL Supply Chain has developed a carbon-neutral real estate portfolio of 400,000 sqm to support customers' growth requirements across six European Tier 1 markets. 

Panattoni will deliver 21,000 sqm to Trivium Packaging, a global manufacturer of metal packaging, as early as 2023. It will be the biggest completed development for a single customer in the developer's Kraków portfolio. 

Despite the still-uncertain geopolitical situation over Poland's southeastern border, the performance of the warehousing sector in the investment and leasing markets gives grounds for optimism. Demand in Q3 2022 amounted to 1.6 million sqm (+11% y/y), indicating that companies are still interested in acquiring new space for development. On the supply side, on the other hand, the new policy of investment financing by banks in the coming quarters will bring the announced cooling down in the construction of new projects. This trend may particularly affect speculatively built warehouses, which at the end of September 2022 accounted for about 52% of the 4 million sqm of space currently under construction. Axi Immo presented data summarizing Q3 2022 in the industrial and logistics market.

JLL Romania advised Euroest Car, a company specialising in the import and distribution of original car parts, in leasing 9,500 sqm in CTPark Bucharest Chitila, a Class A industrial park owned by CTP Romania in the northwest of Bucharest.

The First Real Estate Fund of IAD Investments (Prvý realitný fond) enlarged its Slovak part of the portfolio with a logistics hall with an administrative building in the Pharos location near Bratislava Airport.

Industrial and logistics developer Logicor has completed the development of another 23,000 sqm in the Bucharest I Logistics Park in Mogoşoaia, in northern Bucharest. 

The method of storing pharmaceutical products, the appropriate division of warehouse zones, and securing the supply chain - are just a few of the key elements that should be taken into account when preparing warehouse space for a pharmaceutical company. Cushman & Wakefield experts, having the opportunity to support a leading player in such a process, advise how to properly meet the challenge.