ARTICLES LABELLED WITH TAG Lodz

KGAL Investment Management GmbH & Co. KG has acquired the Fuzja Office I building in Łódź with around 22,000 square meters of rental space on behalf of a pan-European special AIF. The property is certified with the first-class sustainability rating "BREEAM Excellent" and is scheduled for completion in the second quarter of 2022. The seller of Fuzja Office I is Echo Investment S.A., one of the largest listed Polish property developers.

Warehouse developer operating on the Polish market, MDC2 has reached an agreement with Fortress REIT Limited – South Africa’s largest owner and developer of logistics real estate. 

Echo Investment signed a preliminary sale agreement for three office buildings in Fuzja Łódź, that will be acquired for over €56.4 million by KGAL Group, an independent investment and asset manager. The buildings encompass 22,000 sqm of BREEAM-certified office space. They are a part of mixed-use Fuzja, a project revitalizing a post-industrial area of Łódź.

Castorama, Poland's largest chain of home improvement stores, selling construction and finishing products online and in 90 brick and mortar stores across the country, will move to 7R Park Łódź East I. The total area that the tenant will occupy is more than 36,000 sqm. In the lease process, Castorama was advised by JLL.

Panattoni is creating an alternative warehousing location to Łódź in Central Poland with the development of Panattoni Park Koluszki. The park is around 30 km from the administrative capital of the region and will eventually comprise around 40,000 sqm. Already around 60% of the space has been leased. The first tenant is cat and dog food producer PetRepublic, which moved into an area of 12,000 sqm in November this year. In the third quarter of 2022, Panattoni is to hand over around 13,400 sqm to automotive companies.

Resi Capital, PRS subsidiary of Cavatina Holding has bought an 11,590 sqm plot located on Tuwima Street in the New Center of Łódź area (Nowe Centrum Łodzi). JLL advised the vendor during this transaction.

Panattoni has been chosen by Alibaba's logistic arm Cainiao to support AliExpress, the global online marketplace part of Alibaba Group, visited by hundreds of millions of shoppers each month. Its warehouse of over 10,000 sqm in Panattoni Park Łódź West will be devoted to servicing AliExpress sellers. The facility will serve as a fulfilment centre for AliExpress merchants shipping products directly from Poland and is the first major investment in fulfilment infrastructure made to support AliExpress merchants serving the Central & Eastern European Region. The centre will also play a strategic role in the company’s deliveries to the Czech Republic, Slovakia, Germany, and Austria. 

Pan-European logistics platform Crossbay has purchased 100,000 sqm of warehouse space in two sites in Warsaw and Łódź. Both sites were acquired from Panattoni Europe, a developer of logistics and industrial space, for an undisclosed sum

MDC², a warehouse and industrial developer operating on the Polish market, has secured a new development which will accommodate a distribution centre located in Central Poland near Łódź. MDC2 Park Łódź South is strategically located in Głuchów, south of Łódź, at the junction of A1 motorway and the National Roads no. 91 and 12. MDC2 Park Łódź South will add 65,000 sqm of modern/environmentally sustainable logistics space which completion is planned for Q3 2022.

German investor and asset manager Palmira Capital Partners has acquired a last-minute logisitcs facility in Łódź for its European Core Logistics Fund (ECLF) for an undisclosed sum.