ARTICLES LABELLED WITH TAG industrial

07
Dec
2016

P3 expands in Central Poland

by Ákos Budai
P3 has commenced work on a new 80,000 sqm warehouse at P3 Błonie park in Poland. A column raising ceremony to mark the start of construction took place on 1 December. The milestone marks the start of a new phase in the expansion of the park, which will see it grow from just over 196,000 sqm today to over 275,000 sqm.
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05
Dec
2016

International logistics centre to be built near Budapest

by Ákos Budai
Inpark, the Hungarian industrial property development group launched the construction of its first international logistics centre to be leased by Kühne + Nagel Hungary. 
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05
Dec
2016

WP Carey purchases Polish warehouse for €32m

by Ákos Budai
CP:17 – Global, a U.S.-based non-traded REIT focused on investing in income-producing commercial properties and real estate-related assets, announced that it has completed the sale-leaseback of a cold-storage facility from Greenyard (formerly Greenyard Foods), one of the world’s largest fruit and vegetable suppliers. The 28,700 sqm (309,759 sq ft) facility is located just outside of Warsaw, Poland and was purchased for approximately €32 million. The proceeds from the 20-year triple-net lease will be used to pay down debt associated with the facility. 
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05
Dec
2016

Prologis delivers BTS project in Central Poland

by Ákos Budai
Prologis has completed the construction of a 22,200 square metre build-to-suit (BTS) facility for Arvato Polska leader in terms of complex outsourcing services at Prologis Park Stryków. CBRE facilitated this transaction. It is the second BTS project Prologis has launched this year at the park, and the third in Central Poland.  In the second quarter, Prologis started the construction of a 42,000 square metre facility for Agata at Piotrków Trybunalski and an 11,740 square metre BTS for German logistics operator Geis.
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30
Nov
2016

Lease renewal at Hillwood Wroclaw I

by Ákos Budai
Danfoss Power Solutions, a manufacturer and provider of hydraulics solutions, has renewed its lease for more than 20,000 sqm of industrial, office and social space at Hillwood Wrocław I. The tenant was represented in the negotiations by Cushman & Wakefield.
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24
Nov
2016

CTP completes acquisition of Westlog in Hungary

by Ákos Budai
CTP continues expanding in Central Europe, with the recent acquisition of Westlog DC (Distribution Centre) 10 km from Budapest’s city centre. The park is situated west of the city, directly on the M1 motorway, near the junction of the main north-south M7 and the M0 ringroad.
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24
Nov
2016

New facility at CTPark Karviná ahead of schedule

by Ákos Budai
CTP is nearing completion of phase I of a new 25,000 sqm production facility which is being constructed for a new client, UK-based Stow, one of the leading suppliers of added-value warehouse racking and storage systems. The company's core activity is the development and manufacturing of racking systems for the storage of palletised or small goods and longer items, as well as mezzanine structures. 
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21
Nov
2016

Prologis to start new BTS developments near Budapest

by Ákos Budai
Prologis has signed a new lease agreement for 13,800 square metres and will deliver two new facilities totalling 21,000 square metres at Prologis Park Budapest-Sziget for Waberer’s. The transactions with new customer Waberer’s include 13,800 square metres at DC7A, a 21,500 square metre speculative facility that is now fully let two months after completion and 21,000 square metres at DC7B and DC8 to be developed to the customer’s specifications and scheduled for completion in the second quarter of 2017. 
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21
Nov
2016

Stable increase on the Hungarian industrial market

by Ákos Budai
This more intense activity observed on the Hungarian industrial property market is fuelled by an increased number of leasing and sales transactions that resulted in the net absorption rate outpacing the new supply. From a development perspective the market is experiencing a new turn, as a number of speculative projects were initiated again, which was not the case for many years, as since the economic downturn, developers were almost exclusively focusing on build-to-suit type of projects.
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17
Nov
2016

Prologis Parks closes six deals in Silesia

by Ákos Budai
Prologis has signed six lease agreements totalling 33,730 square metres at Prologis Park Chorzów, Prologis Park Dąbrowa and Prologis Park Będzin II.
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Latest news


New leases

  • Tech start-up A4BEE has leased 600 sqm of office space in Wojdyła Business Park in Wrocław. Cushman & Wakefield advised the owner for this transaction.
  • Colliers branch in Katowice has changed its address. Since September the office is located in the .KTW I building on Roździeńskiego Avenue 1a. Colliers has taken the space on the first floor of the building.
  • Meat2Eat has leased 400 sqm for a new restaurant that it opened on the ground floor of One Tower office building in Bucharest. The transaction was brokered by Cushman & Wakefield Echinox. The building is owned by Romanian developer One United Properties.

New appointments

  • Łukasz Czajkowski joins the team of JLL Poland as Business Services Lead in Tenant Representation Department. He will be responsible for enhancing relations with the BSS sector.
  • Craig Maguire has been appointed Head of Pan-European Logistics for BNP Paribas Real Estate. He will head up the European coordination of the Logistics business (Investment and Rentals/Sales), alongside the local teams of BNP Paribas Real Estate.
  • Victor Cosconel is the new Head of Industrial & Business Development at real estate consultancy Colliers Romania. He has more than 20 years’ worth of experience in sales, business development and general management. Before joining Colliers, he was CEO of Sodexo Bulgaria.


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