The Hungarian subsidiary of Panattoni Group has agreed to build a 32,000 sqm logistics centre for a large retail operator in a BTS project. The new facility will be built in the suburbs of Budapest and is scheduled to open in September 2025.

Panattoni has completed a logistics centre for DHL Parcel. The 32,000 sqm centre in Robakowo is going to be the developer’s third industrial development in Poland to be awarded a BREEAM certification rating of Outstanding.

Gdańsk-based developer Torus Logistics has announced the acquisition of a building permit for its new initiative, Gdynia City Logistics which will be developed in in partnership with BTV, a boutique asset and development management company specialising in logistics real estate.

Industrial and logistics developer VGP has leased 10,000 sqm in VGP Park Arad project to Romanian courier company FAN Courier. Following the latest lease deal, the industrial project has reached full occupancy for its first building.

French HVAC supplier Groupe Atlantic will open its first Romanian manufacturing plant within the PWP Bucharest North project owned by Alinso in Ploiești. The group will invest around €60 million in the new facility that will be developed on a land plot of 145,000 sqm.

Over the past year, many residential markets in CEE that have historically depended on credit buyers, have experienced a significant slowdown. This is not the case with Serbia’s residential market which has been dominated by cash buyers. At the same time, the local commercial real estate market also remains attractive to foreign investors, especially for the development of logistics and industrial facilities. These are just some of the conclusions of last week‘s Balkans Property Forum 2023, organised in Belgrade by Property Forum.

Panattoni is expanding its portfolio within the boundaries of Łódź. The developer has started the construction of the first hall within Panattoni Park Łódź West II, which will occupy 70,630 square meters. Almost half of this space will be taken up by Rohlig SUUS Logistics.

CTP has so far concluded lease deals with a total area of over 400,000 sqm for space in industrial properties in the Czech Republic in 2023, including more than 10 lease contracts for premises larger than 10,000 sqm. The largest transaction was a contract to renew the lease of almost 54,000 sqm of space in CTPark Bor. The developer continues to build new industrial space across the Czech Republic and is confident that the Czech industrial property market will continue to grow. 

Topband Smart Europe, a Chinese maker of controllers for power tools, home appliances and BMS, has inaugurated its production capacity for the European market in CTPark Timișoara.

A new logistics and industrial centre was opened in the area between Chomutov and Klášterec nad Ohří (west of Prague near the German border) for CZK 520 million (€21.4 million). The construction of the Garbe Park Klášterec II project with a total leasable area of over 18,000 sqm was completed in eight months. Representatives of the Progresus investment group and the developer and co-investor Garbe have already handed over the building to the main tenant, the German manufacturer of sealing systems Isolite.