Panattoni is extending a production plant making specialised telecommunications systems at Panattoni Park Szczecin I. Next to the existing 32,000 sqm, the developer will build a further 24,000 sqm. As a result, this June the logistics and industrial complex will be 80 percent completed, and by year-end Panattoni intends to embark on the construction of the final 42,000 sqm phase of the park, completing the entire project planned to total 220,700 sqm.
Hines Poland Sustainable Income Fund (HPSIF), an investment fund managed by Hines Polska, finalised the sale of its real estate portfolio, comprising six distribution parks and the Nord Point office building, to CGL Investment Holdings Corporation Limited. Investing in commercial properties in order to increase their value and then selling them is one of Hines’ core business areas. In 2020, the company plans to expand in the Polish market.
Panattoni developer has leased approx. 13,400 sqm to VS Transport at Panattoni Park Wrocław VII. The tenant will be moving into the complex this April, and the developer is announcing the construction of a further 38,000 sqm at the same location.
The first online panel of Property Forum took place yesterday, where six experts discussed the effects of the coronavirus outbreak on the real estate market in CEE. Our panelists discussed who could be the biggest winners and losers of the current situation, what to expect in the logistics and retail markets and how the current spread of remote working may affect the office market and coworking operators. They also explained the possible impact of the coronavirus crisis on investments and ongoing and planned developments.
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.
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.
In the third instalment of a series of articles on COVID-19 and its implications for logistics real estate, Prologis identifies concrete learnings from its operations in China and its proprietary data globally.
Online grocer Rohlik.cz has expanded its footprint in Brno with the lease of a custom-built, 8,000 sqm facility at CTPark Brno Líšeň. The expansion comes as the company has outgrown its existing 4,000 sqm premises at CTPark Brno. The new facility will double the company’s current footprint and will include both warehousing and production areas. Move in is on schedule for September 2020.
Panattoni invests again in the Warsaw area. The planned Panattoni A2 East Warsaw Park will total 80,000 sqm of space. One of the first tenants – a well-known logistics operator – set to move in as soon as Q3 2020.
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