ARTICLES LABELLED WITH TAG industrial

2021 was a busy year for Romanian real estate agency Griffes with 44,000 sqm of office space leased, a new project as co-investor and the company’s first international leasing mandate. Andreea Paun, Managing Partner and Founder of Griffes talked to Property Forum about the results of last year and shared the company’s expansion plans for 2022.

CTP has added 69,000 sqm of buildings and development land to its CTPark Brno Líšeň in the Czech Republic through a sale-and-leaseback transaction with Zetor Tractors, the Czech agricultural machinery producer. The acquisition marks a major step in the overall €125 million transformation of the former Zetor brownfield industrial site into a modern new park for light manufacturing, retail, research and inner-city logistics which CTP embarked on in 2019. The transaction sees CTP consolidating its ownership in the Líšeň district, increasing the total land size to 29 hectares. Upon completion, CTPark Brno Líšeň will provide some 150,000 sqm of lettable area with over 2,500 jobs.

Commercial real estate investments in Romania totalled €916 million in 2021, up only 0.2% compared to the previous year, marked by several transactions valued at more than €50 million in the office, retail and industrial segments, according to real estate consultancy Cushman & Wakefield Echinox. 

WDP, the industrial and logistics projects developer, has appointed Gijs Klomp as the new Business Development Manager in Romania.  

The high demand generated by the retail, transport and logistics sectors saw P3 Logistic Parks lease around 113,500 sqm of logistics and office spaces in Romania during 2021. 

CTP has started the construction of solar power plants across its entire portfolio, with the first phase of 6 buildings to be installed in Biatorbágy and Üllő, both located in the outskirts of Budapest.  The plants, each with a capacity of 500 kW, are scheduled to start operations in the first quarter of 2022, aiming to meet tenants' green energy needs while reducing energy costs. The project will be carried out by local contractors and will be developed by CTP as its own investment, entirely from its own resources.

GLP has closed an acquisition contract for a 22.3-hectare plot in Szigetszentmiklós, next to its existing Sziget Logistics Centre near Budapest, the larger part of which has already been let to Fiege Group. GLP has simultaneously obtained an occupancy permit for the first building, while two further units are under construction. The two phases of the project will comprise more than 150,000 sqm of prime warehouse space.

The Resideo warehouse in Nagykanizsa, Western Hungary has recently changed hands, Cushman & Wakefield announced on LinkedIn.

The volume of real estate investments in Romania gained 4% year-on-year to €919.45 million, driven by office and industrial developments, according to a report by real estate consultancy Fortim T.A., a member of BNP Paribas Real Estate. 

CTP has appointed Harry Bannatyne as Group Head of Client Relations based in the company’s headquarters in Prague. Bannatyne was previously a Partner and Regional Director Industrial at Colliers in the Czech capital. Prior to that he was National Director, Head of Industrial Agency for the Czech Republic and Slovakia at JLL.