The investment groups Progresus and Halcyon have entered a strategic collaboration with the German firm GARBE Industrial Real Estate CEE. The first joint project will be the construction of an industrial hall in the Czech town of Klášterec nad Ohří covering 20,815 square metres of floorspace and valued at approximately €30 million.

Panattoni is completing a 13,000 sqm development for Habasit, a leading manufacturer and supplier of conveyor solutions, conveyor belts and drive belts for the manufacturing sector. The company will consolidate two locations within Panattoni Park Czeladź V in the Silesian region as early as January 2023 and plans to expand within the park in the future. Newmark Polska, a consulting firm, represented the tenant in the location search and negotiation process.

For a long time, the logistics and industrial market in Croatia has been overlooked by real estate developers, despite the country’s strategic geographical position, proximity to major European markets and developed, high-quality road network, as well as direct access to sea routes. Recent project completions and commencements, with a strong pipeline and the arrival of international developers, suggest that winds are changing, and Croatia could become a very attractive logistics market.

Christopher Mertlitz, Managing Director, Head of European Investments at W. P. Carey, talked to Property Forum about the environment for property transactions in 2023 and the company’s focus on mission-critical projects in its portfolio.

As of December 1, Martin Baláž will step up into the position of Senior Vice President, Country Manager Czech Republic, Slovakia & Hungary, reporting to Pawel Sapek, Prologis Senior Vice President and Regional Head for Central Europe.

Industrial and logistics developer CTP has announced the expansion of CTPark Bucharest South through the construction of a new warehouse set to almost double the total leasable area of the project to around 150,000 sqm. 

The Slovak industrial market slowed down slightly due to still rising energy prices and other costs. Developers are more cautious with new constructions and so are foreign investors. This will give an opportunity to local developers and larger companies with a stable background. At the beginning of 2023, 108 Agency Slovakia expects a cooling down of the market.

In Q3 2022, the Czech industrial market grew at a faster pace than at any time previously, adding 511,100 sqm of new modern industrial space to the market. The market stock overtook the level of 10.65 million sqm, further expanding after breaking the 10 million sqm milestone in H1 2022. The vacancy rate decreased to 0.99% for the first time in recorded history, plunging the national average just below 1% of all available space on the market, says Colliers.

Allianz Real Estate, acting on behalf of several Allianz Group companies, has entered into a purchase agreement related to a portfolio of five Class A logistics facilities in three European countries in a forward transaction with German logistics leader DHL. Set to complete between Q1 2023 to Q1 2024, the portfolio represents one of Allianz Real Estate’s largest single logistics sector acquisitions, in terms of gross leasable area, to date. In total the five facilities will cover over 200,000 sqm.

Romania is turning into a hub for logistics and the additional investment in infrastructure will increase the country’s industrial stock going forward, concluded speakers of the logistics panel of SEE Property Forum 2022, held in Bucharest.