VGP announces the acquisition of a new land plot in a prime location near Bucharest and the start of the development of its new multi-tenant business park VGP Park Bucharest. Law firm Kinstellar advised VGP Parks on the acquisition.
The first tenant in the building with a potential area of up to 45,700 sqm is DHL. The global logistics operator will thus expand its activities in Accolade’s parks by another 20,500 sqm. The first part of the building will be handed over in June. The new €31 million project will not just meet all standards for BREEAM Very Good certificate.
Lidl Serbia plans to start the construction of a new, 60,000 sqm logistics canter in Lapovo, a city located approximately halfway between Belgrade and Nis on the A1 highway, in the coming months, local media reports.
European Logistics Investment (ELI), together with its partner Panattoni, will deliver an advanced warehouse complex in Kraków. City Logistics Kraków I, planned as a BREEAM certified, two hall facility will add to Małopolska region 37,000 sqm of logistics space. 9,000 sqm in the first building has been pre-let to InPost – the largest logistics operator in Poland.
Logistics developer and investor VGP announced a record net profit of €370.9 million for 2020 which is an 80.4% y-o-y increase. The company announced its financial results for 2020.
Last year, the industrial real estate sector in Poland claimed a record-breaking share (almost 50 percent) in the total volume of transactions. Two of the most popular locations among the sector’s developers and tenants are still Silesia and its sub-region of Zagłębie. This is where a modern warehouse and office facility has been developed by 7R for No Limit, the brand which specializes in servicing the e-commerce sector.
A quarter of all modern warehouse and industrial space in Poland was transacted in 2020, says real estate advisory firm Savills in its latest report. Despite the pandemic, take-up hit record levels last year, reaching more than 5 million sqm, while Poland’s total logistics stock surpassed the 20 million sqm mark.
The industrial segment has stood out as the most resilient sector to the crisis and the markets Serbia, Croatia, Slovenia and Bulgaria present a huge opportunity for further growth. Boško Tomašević MRICS, Managing Director SEE at CBRE talked to Property Forum about investment market expectations and shared the company’s expansion plans for the Balkans region.
Accolade published its results for 2020. Last year saw the expansion of the portfolio area by 30%, almost 400 new qualified investors and a year-on-year return of 10,02%. The biggest industrial real estate fund in the Czech Republic now owns a total of 16 industrial parks in the Czech Republic, Poland, and Germany with an area of 936,304 sqm.1,200 investors benefit from the rental income which was increased by 35%, in 2020.
Trammell Crow Company (TCC), one of the largest real estate development companies in the U.S., announced the launch of logistics development capabilities in Europe.
Raiffeisen Bank International AG will take up 1,500 sqm of office space in Monopol office centre in Warsaw. The lease was negotiated by Colliers International.
KiK is a new tenant in Funshop Park Focșani, developed by Scallier. The store of 640 sqm will open this year.
108 Agency has secured a lease of 7,800 sqm of commercial space for company Van Eupen in P3 Lovosice with a strategic position in the desired location in the Ústí nad Labem region.
New appointments
CBRE Romania has promoted Florin Ianculescu-Popa to Director of Valuation within the Valuation & Advisory team.
Romanian developer One United Properties has appointed a certified expert accountant, Cosmin Samoilă as Chief Financial Officer.
Cornelia Dragomir has been promoted to Associate Director Valuation within the Valuation & Advisory team of CBRE Romania.
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