ARTICLES LABELLED WITH TAG Lodz

MVGM has taken over the management of Forum 76, the office building located in Łódź and belonging to Benson Elliot and Sharow Capital. Sharow Capital is responsible for asset management. The handover of the building took place in March, during the server lockdown measures that have been implemented in Poland. The majority of the process has had to be completed virtually.

Panattoni, in a joint venture with DH Capital, finalised the development of Panattoni Appliance Park worth €18 million. The 30,000 sqm park was delivered at Europe’s largest logistics complex – Central European Logistics Hub.

Panattoni has bought 14.8 hectares of land in Central Poland to build Panattoni Park Stryków IV. The project, which will feature 74,000 sqm at full build-out, will be developed at the intersection of the A1 and A2 motorways. Construction kick-off is planned for Q3 2020.

Panattoni has leased approx. 7,300 sqm to DSV Road at City Logistics Łódź II. The facility will be handed over to the tenant in the coming June. To date, the developer has completed 10+ projects for the DSV Group, developing approx. 170,000 sqm of space in total in Poland and the Czech Republic.

At the end of 2019, the total modern office stock in Łódź amounted to 528,300 sqm with more than 90,000 sqm currently under construction. Cushman & Wakefield has summarised 2019 on Łódź’s office market.

Savills Investment Management has completed the acquisition of the logistics unit leased to Leroy Merlin in Piątek from Invesco Real Estate, the global real estate investment manager, on behalf of Korean institutional investors managed by Vestas Investment Management.

Trei Real Estate GmbH, a developer and property asset holder for residential and retail real estate, just launched the sales drive for ownership apartments in the Polish city of Łódź. The project represents Trei’s second residential development in Poland. The initial total of 104 apartments offered for sale will be built during the first construction stage. Trei entered the Polish residential real estate market in summer 2019 with a first project in Wroclaw.

MLP Group has purchased a land property located in Widzew district in the Southeastern part of Łódź where it plans to construct MLP Łódź, an 80,000 sqm modern logistics and distribution centre.

7R will build a modern logistics complex, 7R Park Łódź East I, on a newly purchased 20 ha plot located on Brzezińska Street. This is 7R's fifth investment in the city.

Tritax Eurobox plc, which invests in Continental European logistics real estate assets, has acquired two recently developed prime logistics properties and development land, positioned in the core logistics location of Strykow, near Łódź in central Poland for €51.8 million (phase I) with the potential to invest a further €15.0 million developing the adjacent phase II land. The corporate acquisition reflects a net initial yield of 6.1% (net of acquisition costs to the company) and has the potential to add value through the letting of vacant units and development of the land.