CA Immo presented its results for the first quarter of 2020. The company registered solid growth in rental income (+7.2% year-on-year) and although the negative revaluation result reflects the exceptional economic situation now prevailing, other positive earnings contributions made up for this.
DIY retail group XLMX, the company that controls furniture stores KIKA, Möbelix and XXXLutz, has leased 25,000 sqm in P3 Lovosice, located between Prague and the Czech-German border. The new hall will serve as a central warehouse for stores in the Czech Republic and other European markets.
Logistics operator DSV Solutions will take up close to 12,000 sqm at A2 Warsaw Park – the largest warehousing/manufacturing complex in the Warsaw region. The tenant will move into the building next November, after being given early access in July. DSV Solutions will use the leased space to conduct logistics operations for the fashion industry.
Due to the recent growth of interest in online shopping driven by the coronavirus pandemic, a leading logistics operator in Poland has decided to expand its warehouse footprint by leasing 15,000 sqm of temporary space in Prologis Park Piotrków Trybunalski I. Savills assisted one of e-commerce leaders in Poland in the leasing process.
Profi, one of the largest retail chains in Romania, expands its logistic activities by contracting two new projects in Timisoara (58,000 sqm) and Craiova (57,000 sqm), which will be developed and rented out by Belgian logistics developer WDP. JLL has advised Profi in both transactions, thus continuing the partnership started few years ago, which resulted in 250,000 sqm of logistics space contracted in Bucharest, Roman, Cluj, Craiova and Timisoara.
Dunwell brokered a transaction for TeraPlast for 5,000 sqm (1,500 sqm of warehouse space and 3,500 sqm of outer platform) in Mega Distribution Center’s park in Chiajna. The relocation from the northern area into this new space aims at increasing the efficiency of the company’s distribution activities.
Panattoni has leased out 35,000 sqm at Panattoni Park Gliwice III. As a result, another Panattoni distribution centre is now fully commercialised. The tenant will move into the park before the end of April and will use it for e-commerce order fulfilment.
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