Industrial and logistics developer VGP said its contracted rental income stood at €303.2 million in 2022, up 18.4% compared to 2021, while its volume of new delivered projects reached a record 1.1 million sqm. 

Bydgoszcz Logistics Centre will continue to lease 45,000 sqm of warehouse space to leading grocery chain Kaufland. During the renegotiation of the lease conditions, CBRE Investment Management, the owner of the complex, was represented by Cushman & Wakefield.

VGP completed the construction of its largest site in Northern Bohemia. VGP Park Hrádek nad Nisou comprises five halls with a total lettable area of more than 122,000 sqm. All the halls were tailor-made for a single tenant – Drylock Technologies, a global manufacturer of baby diapers and hygiene products, VGP announced.

Panattoni is developing its portfolio in the vicinity of Warsaw. The developer has completed the development of almost 40,000 sqm as part of its City Logistics Warsaw IV project in Annopol. Half of the space is to be taken up in July this year by TRUMPF Huettinger. The production plant is to serve markets that include the US, Japan, Korea and China.

The Czech industrial market grew at a rapid speed in 2022. Almost 1.1 million sqm of new space was added to the market, which is over 155% of the 5-year average annually completed space and the highest recorded figure on record for the Czech market. The market overtook 10 million sqm in mid-year and just failed to overtake the 11 million sqm milestone at year-end, achieving 10.8 million sqm at the end of Q4 2022. There was 150,300 sqm of newly added modern industrial space in the last quarter, Colliers says in their latest report.

MDC2 Park Kraków South is a three-building distribution and logistics development with a planned total GLA of over 90,000 on a site of 19 ha. The project is located in Skawina, 13 km away from Kraków city centre and less than 2 km from the junction with the A4 Motorway.

Real Management S.A. has finalised the purchase of a development plot in Łubna, on the DK79 road connecting Warsaw, Piaseczno and Góra Kalwaria. The 13.3-hectare plot will be used for the Good Point IV project, a modern manufacturing and industrial facility offering a total of 50,000+ sqm of top-quality warehousing space with office facilities for lease.

The global developer of industrial properties intends to build more huge logistics space in its Prologis Park Budapest-Sziget II complex. More than 114,000 sqm of new space is in the pipeline in the park that is near the M0 ring road.

While the leasing of industrial spaces crossing for the first time the 1 million sqm milestone in 2022, the deliveries of new projects will total around 550,000 sqm during this year, which should take the total stock to a fresh high of 7 million sqm, according to real estate consultancy CBRE. 

The new facility in Ecser, not far from the Liszt Ferenc International Airport, will offer 47,000 sqm of industrial space for local and foreign companies from 2024.