GLP, a leading investor and developer of logistics warehouses and distribution parks, has signed a long-term lease agreement with online retailer Alza.hu for a 22,000 sqm warehouse at Sziget Logistics Centre, Hungary. Construction is already in progress, and the building is due to be finalized in Q3 2022.

The volume of investment deals in the Polish market of industrial and logistics properties in the first quarter of 2022 was €191 million. And although the current economic situation and the high level of uncertainty related to the war in Ukraine pose new challenges for the logistics sector, in the long term, there will be no significant changes in terms of the volume of demand and supply. However, the growth rate of this part of the market may be lower than in previous years, according to the 7R and Colliers report “Logistics and Industrial Sector: Development Paths from the 2022 Perspective”.

Dr. Schneider Automotive Polska Sp. z o.o., which belongs to the Dr. Schneider Group and has been operating in Poland since 2002, will move into Panattoni Park Jelenia Góra already in the second quarter of this year. BNP Paribas Real Estate Poland experts advised the automotive company in the search for a new production location and in the negotiation of the terms of the contract. A production plant will be built on an area of 7,439 sqm + 4,293 sqm of mezzanine floor to produce parts for electric cars, among other products.

Accolade Group has signed a €137.5 million (roughly CZK 3.4 billion) loan agreement. Thanks to this, the company will be able to finance the construction of a large multi-storey distribution centre near Kojetín in the Olomouc Region (located in the northeast of the Czech Republic) for the online store Amazon, writes the daily E15.

Panattoni is planning to deliver a complex of almost 70,000 sqm just 10 km from the centre of the city. A leading provider of modern logistics services in Poland is its first tenant, leasing around 9,000 sqm.

For the first quarter of 2022, the growth of the Czech industrial market and the recovery of industrial production were not stopped even by outages in the supply chains. This quarter also continued to see a sharp rise in rents in almost the entire country. The market for industrial premises will continue to grow, but over the year the full effects of the war in Ukraine will be felt and construction may slow down slightly, reports Colliers.

Industrial and logistics developer CTP reported like-for-like rental growth of 4.8% in the first quarter across its investment portfolio in European markets.

Supply chain operator HAVI says it will obtain a reduction of carbon emissions by 7,000 tonnes over its 10-year lease in Chitila Logistics Hub, where it has been present for six months. 

JLL is expanding its leadership in the Czech Republic. As of 9 May 2022, it has a new Director of Industrial and Logistics Agency in the Czech Republic.

The beginning of the year was marked by the Russian invasion of Ukraine which caused various obstacles to the Slovak economy. It pushes inflation up to the highest in 17 years as also the prices of food, housing and energy. Nevertheless, the lifted lockdown measures helped boost retail sales and new office leases surpassed renegotiations for the sixth quarter in a row. Experts also saw a record quarter with substantial take-up and plunging vacancy rates, Cushman & Wakefield Slovakia presents in their new report on the Slovak economy.