Sorin Preda, CEO, Global Vision, spoke to Property Forum about the industrial projects they are currently developing nationwide and the potential of the Constanța region to become a production hub for companies around the world. Together with Globalworth, Global Vision has €500 million of secured investment capital and is counting on a growing demand for industrial space in the coming years.

In the Q2 of 2022, the Slovak economy was primarily marked by flaming inflation that puts raw materials costs at new heights. On the other hand, in the same period of this year, the Slovak industry recovered. This was mainly due to the automotive industry which continues to be the driving force of Slovakia’s economy. The office market went through a major change, as most of the stock was reclassified by the Bratislava Research Forum. And in retail, there were fewer projects under construction due to consistently growing construction materials costs and delivery length, the Cushman & Wakefield presents in their new Marketbeat report on the Slovak economy.

The level of new completion in Q2 was 115,390 sqm in Greater Budapest and 47,260 sqm in Regional Hungary. HelloParks in Fót marked the largest new completion with 45,350 sqm and VGP Park Győr Beta has expanded by 10,000 sqm, Budapest Research Forum (BRF) reports.

SWM Poland has extended its contract for over 15,500 sqm of warehouse and production space in SEGRO Logistics Park Stryków. The company has been operating in the SEGRO park since 2010 and uses the leased space for the production and storage of advanced SWM films, adhesive tapes, foams, meshes and fibers. The transaction was brokered by the AXI IMMO agency.  

The largest logistics hall in the Czech Republic will rise near Cheb (in the westernmost region of the country). Accolade and Panattoni are already intensively preparing its construction in the local industrial zone. According to the Industrial Research Forum (IRF), an association of consultancy firms, this is the largest domestic transaction in Q2 2O22, with the pre-lease of logistics space in the area of about 233,700 sqm. The name of the tenant (an unspecified distribution company) has not yet been disclosed by either party. Lucie Mareš Heřmanovská, a spokeswoman for the Accolade company, informed Property Forum about the project. 

Panattoni has completed a central warehouse for Neonet in Łódź-Pabianice. The opening ceremony is scheduled take place in August this year.

The amount of property investments in Romania totaled €336 million in the first half of 2022, up around 13% year-on-year, while solid pipeline of transactions is under negotiation and could be completed by the end of the year, according to a report of real estate consultancy CBRE. 

Leasing volumes in the Romanian industrial and logistics market rose by 50% to 542,000 sqm compared to the same period of last year, with more than half of the activity being generated around Bucharest.

The Czech industrial market has set new records in Q2 2022. The total stock has reached 10.1 million sqm while net demand totalled 530,500 sqm. In Q2 2022, the largest lease agreement in the history of the Industrial Research Forum was also signed.

Panattoni has marked its debut in Asian markets with the opening of its first operational headquarters in India located in Bengaluru, the capital and largest city in the southwest state of Karnataka. Panattoni India is led by Managing Director, Sandeep Chanda, formerly head of strategy & acquisitions at Embassy Industrial Parks.