Panattoni has been granted financing for Panattoni Park Lublin II with an area of around 84,000 sqm. The €48 million loan was granted by Bank Pekao SA.

In Q1 2023, the Greater Budapest speculative stock increased by five buildings, totalling 111,330 sqm, while in regional Hungary, four new buildings were handed over, totalling 45,835 sqm. As a result, the vacancy rate has risen sharply from 3.8 to 5.9%, Budapest Research Forum (BRF) reports.

Panattoni sees continuing interest from investors: in the first quarter of the year the company completed transactions in Poland worth a combined total of over €300 million. The developer's activity has spawned the need for a new position - Head of Asset Disposition - which has been filled by Michal Stanisławski.

Industrial properties in the Czech Republic are still very full. The vacancy rate in Prague and its surroundings alone is almost zero for the second year. Rents are also rising, with some locations seeing an increase of almost 100% compared to their original terms, according to the latest report on the Czech industrial property market from companies associated with the Industrial Research Forum.

CTP is contributing to the carbon neutrality of the warehouses of CTPark Prague North with the use of trapezoidal sheets made of XCarb ‘green’ steel, manufactured by Arcelor Mittal. It will be added to the entire roof area of a warehouse designated D8.7B with a total area of 32,000 sqm. This resulted in a saving of 835 tonnes of CO2, the equivalent of 348 people living without a car for 1 year.

Panattoni increasingly invests in post-industrial land. The share of brownfield sites in the developer's overall portfolio is steadily increasing. In countries such as Germany, France and the Czech Republic, they now even make up more than half of all of its projects under development. Altogether, this type of development now accounts for one-third of the total space completed by Panattoni in Europe and they are a perfect fit with the sustainable development strategy followed by the developer.

Belgian logistics developer Weerts Group has teamed up with Hungarian-Belgian partner RaktárAD to build a new industrial facility near the Liszt Ferenc International Airport. The park will offer almost 200,000 sqm of logistics and 37,000 sqm of mezzanine and office space. Weers Logistic Park (WLP) is the group's third project realised in Hungary.

Commercial property investment in Romania amounted to €149.6 million in the first quarter of 2023, up by 73% compared to the same period of last year, with the biggest contributions from the industrial and office segments, according to real estate consultancy Crosspoint Real Estate.

Markets like Poland have recorded rental growth of 20% and the upward trend is visible almost everywhere across P3 Logistic Parks’ European portfolio. During MIPIM, Property Forum sat down with David Marquina, Chief Development Officer of European Development at P3, to talk about the drivers of European logistics markets and to find out what’s next for the developer.

Industrial developer WDP saw a 15.2% growth of its rental income to €80.9 million in the first quarter of 2023 compared to the same period of last year, while its EPRA earnings rose 18% to €62.7 million in the same period, according to a company report.