Contera has become the new owner of Vlčie hrdlo Business Park in Bratislava, located on a former brownfield area and offering 33,420 square meters of warehouse and office space, the company announced on LinkedIn. Contera purchased the asset, situated close to R7 highway, from investment group Natland.

Wing launched the development of Hall D3 in East Gate Business Park to respond to distinct market needs reflecting increasing demand and increasing interest in the park. The hall, with a total area of over 9,000 sqm nearly 20% of which is office space, has now reached a 100% occupancy rate. This speculative investment project caters to tenants with production, manufacturing and complex, special warehousing needs.

Property developer Speedwell says it secured the building permit for its first industrial project located in north-western Bucharest. The development of the first warehouse under the Spaceplus brand will start in the next period and should be completed by the second quarter of 2022. It will have a total leasable area of 10,000 sqm. Leasable storage space ranges from 400 to 600 sqm. 

CTP has obtained all the necessary permits for the completion of two industrial halls on the outskirts of Hradec Králové. Construction can resume in November this year, tydenikhrot.cz reports.

Total demand on the Budapest industrial demand amounted to 143,530 sqm in Q3 2021, indicating a 19% decrease year-on-year, according to the BRF’s latest industrial market snapshot.

Hines Global Income Trust has acquired Eastgate Park. This property is the 17th industrial asset in the Hines Global portfolio and is 99% leased.

Patria Logistics-Retail Fund, managed by Patria Investment Company, successfully finalised the purchase of the Plana Logistics Park (PLP), located in Plana nad Luznici, Southern Bohemia. PLP is the third property acquired to the Fund and increases the total number of real estate assets owned and controlled by PIC to eight.

M7 Real Estate, the pan-European investor and asset manager specialising in multi-tenanted properties, announces that it has fully deployed the capital raised on behalf of M7 CEREF II, its value-add fund targeting logistics and office investments in key Central European markets. The final acquisition is Pallag 43, a modern, last-mile logistics asset in the north of Budapest acquired from a private investor for €9.6 million.

Prime headline rents have increased slightly to a new level of €5.20 sqm/month in the Czech Republic and €5.50 sqm/month in the Greater Prague region during Q3 2021. The Industrial Research Forum published its fresh industrial market figures.

Element Industrial Founder Ionuț Dumitrescu and Sacha Dragic, the Founder of Superbet Group, have launched a new joint venture in the industrial and logistics sector. The development company will be formed through the association of ELI and D Craig Real Estate, the property division of D Craig Holding, controlled by Sacha Dragic. Anca Damour has been named CEO of D Craig Real Estate.