WDP, the industrial and logistics projects developer, recorded EPRA earnings of €175.9 million in the first nine months of the year, up 17% compared to the same period of 2021. This was generated by the pre-let of new projects and organic growth via the indexation of leases as well as newly realized acquisitions and some non-recurring income. 

VGP, the European company that develops, manages and owns high-quality logistics and semi-industrial real estate, has handed over a 10,000 sqm warehouse building to Boxy Logisztikai Zrt. 

Panattoni has begun building work on Panattoni Park Szczecin IV, which is to comprise 40,000 sqm. The project’s space has already been leased out to a furniture company from the TSL sector. 

Global Vision and Globalworth Industrial are expanding their joint portfolio with Mureș City Logistics, an industrial and logistics last mile project with a total leasable area of 18,000 sqm. The new investment is slated for delivery in Q1 2023. 

The new logistics park Contera Ostrava D1 is being built on an area of 350,000 sqm in Ostrava-Hrušov. The first two completed buildings are already fully leased. The project, which was launched in autumn 2020 at an estimated total cost of over €118 million, is being built on a former brownfield site and includes one of the largest and most modern industrial halls in the Czech Republic, Contera announced.

The first column of the first 58,000 sqm warehouse in HelloParks' Páty megapark has been placed. The nearly €70 million investment will be the largest contiguous warehouse in Budapest's agglomeration and it is HelloPark's largest project to date. 

Close to 50% of the warehousing surfaces for which lease contracts were signed in 2022 were transacted during July – September of this year, according to real estate consultancy Dunwell Industrial Brokerage. 

Spanish manufacturer of elevator components Savera is now relocating its production facility to the new CTPark Ostrava Poruba. The relocation was facilitated by Colliers.

Despite the dwindling economy in Europe, the logistics market in CEE countries has still a bright future ahead, claimed the participants of the logistics panel at CEE Property Forum 2022 in Vienna.

Residential developers have been the most active in terms of land acquisitions in the past 2.5 years, as they secured land plots which allow the construction of more than 30,000 units in all parts of Bucharest, according to data from real estate consultancy Cushman & Wakefield Echinox.