ARTICLES LABELLED WITH TAG industrial

VGP announces the start of development of its new multitenant business park in Brașov, Central Romania. With the groundworks started beginning of November, the first building with a surface of 9,400 sqm is planned to be delivered mid-2021 and will be partly occupied by pharmaceutical company Fildas Trading Srl. VGP Park Brașov is being developed on a land plot of approx. 390,000 sqm and will have a total potential of about 180,000 sqm lettable area.

Wrocław Business Park has been acquired by Panattoni from Aviva Investors, the global asset management business of Aviva plc. The seller was represented by the Avison Young investment team throughout the transaction.

Panattoni is developing another modern and ecologically sustainable cross-docking terminal for DB Schenker. The 6,000 sqm centre is to be built within the Rzeszów-Dworzysko Science and Technology Park. It will be equipped with a range of solutions to protect the environment as well as intelligent systems to optimise logistic operations. The developer is to hand the centre over in January 2021 and the development has already been accredited as an innovative centre by the Rzeszów Regional Development Agency.

Global logistics company Hellmann Worldwide Logistics is strengthening its position in the Czech Republic. At one of the largest industrial parks in the country, CTPark Bor, the company is expanding its total warehouse space. Besides the existing 20,000 sqm site that Hellmann currently operates, an additional area of almost 12,000 sqm will be added by the end of the year. Hellmann uses the CTPark Bor for worldwide distribution but with a strong focus on the German market.

CTP has acquired 95,000 sqm of buildings from Australian company Cromwell Property Group, representing the largest transaction on the Romanian logistics market in 2020.  With this acquisition, the company expands CTPark Bucharest, thus reaching over 500,000 sqm of rentable space, occupied by over 100 customers. This acquisition aligns with CTP's strategy to create business communities and parks with complex infrastructure, thus supporting residents' businesses.

Arcadis, an international consultancy company focused on building industry, environment and sustainable growth, summarised the current development on the Czech industrial property market in the context of the second wave of coronavirus pandemic.

Total modern warehouse stock in Poland exceeded 20 million sqm in Q3, with a further 1.5 million sqm currently underway despite the pandemic. Occupier activity was at the second-highest level on record in Q3 2020, reaching 1.22 million sqm (+49% y/y). Overall, 3.5 million sqm has been leased since the start of the year. Investor sentiment also remains robust, as testified by a record volume of transactions signed so far in 2020. Axi Immo presented its report on the Polish warehouse market in Q3 2020.

The Romanian logistics market will have a record demand by the end of 2020, with a transactional volume exceeding the 700,000 square meters threshold, amid the accelerated development of e-commerce and the positioning of Bucharest as a regional logistics hub for a series of international retailers, according to Cushman & Wakefield Echinox.

The cosmetics, food supplements and parapharmaceuticals company Green Net has leased 2,500 sqm in Chitila Logistics Hub, developed by Globalworth and Global Vision. The leasing process was carried out virtually.

Blackbrook Capital, a European independent real estate investment firm focusing on mission-critical commercial property, announced the acquisition of a 100,000 sqm Class A logistics facility in Poland from GLL Real Estate Partners. The transaction price was not disclosed.