ARTICLES LABELLED WITH TAG industrial

Globalworth’s net profit in 2021 significantly improved to €47.5 million (2020: net loss of €46.8 million) while it recorded its best year in office leasing with 214,500 sqm of spaces taken up or extended. The company has released its annual report and audited consolidated financial results for 2021.

In 2021, Poland's warehouse market recorded another outstanding result. The seven most important highlights included a record-breaking volume of investment transactions, take-up, and space under construction. The total industrial stock at the end of December 2021 amounted to more than 25 million sqm, with the vacancy rate indicating only 3.72%.

Belgian developer Alinso Group has purchased the Metav Business Park in northern Bucharest from Metav S.A. for an undisclosed sum.

Industrial developer HelloParks will use the €82 million (approximately HUF 30 billion) loan to build its industrial and logistics park in Maglód which is being developed in several phases. The next, second building is planned to be handed over in the last quarter of 2022.

Panattoni Park Koluszki, with a target area of ​​39,800 sqm, is now 60% leased. In September this year, more than 13,500 sqm will be occupied by international auto parts supplier Kamoka. The tenant was represented by Axi Immo in the selection process for the location and negotiating the contract.

Panattoni is to open up a new warehouse market in Central Poland. The developer has purchased a site in Pabianice, where it plans to deliver a park with a total area of ​​95,000 sqm. The first building is to be completed this June and has already been leased by one of the leading electronic store chains in Poland. Panattoni Park Pabianice will be situated close to the S14 expressway, just 35 km from the junction of the A1 and A2 motorways, which means efficient distribution to markets across Poland. The three-building complex is to undergo BREEAM certification at the ‘Excellent’ level.

Industrial developer CTP reported a net profit of €1 billion in 2021, up 306% year-on-year over expansion across the Central and Eastern Europe markets and increasing demand for warehouse space. 

The logistics arm of Biggeorge Property will start a huge project on the outskirts of Budapest, the company announced on LinkedIn. The complex is aimed to serve different clients with different needs. 

CPI Property Group has committed to significantly reducing its portfolio’s carbon footprint and, at the same time, encourages its tenants to do the same. The Group also invests heavily in special building management systems to reach sustainable operation even faster, says Mátyás Gereben, Country Manager at CPI Hungary who talked to Property Forum about the company’s asset management strategy on the local market.

Warehouse developer LCube is planning to acquire a minimum of four new sites this year. This will mean it will double the number of its current projects.