Griffin Real Estate and Madison International Realty announced a joint venture for their two first investments together in Germany. With Griffin’s development partner, Panattoni, the firms will develop two build-to-suit properties, with footprint area of over 7,000 sqm and 9,100 sqm respectively, that have been leased to Amazon on a 15-year lease with combined investment volume over €80 million.

Speedwell, in cooperation with Belgian partner LCV, launches SpacePlus, its first project on the industrial market. SpacePlus comes with units for light industrial and/or logistical usage, addressing corporate tenants that are searching for standardized storage or production units, flexibility in configuration and various additional services/features. The first location is in north-western Bucharest, with direct access from the ring road and close to the exit towards the A1 highway on the one hand, and easy access to and from the city centre of Bucharest via Sos. Chitilei or Blvd. Iuliu Maniu, on the other.

Nordic investor NREP has recently made headlines by entering the Polish market with the acquisition of a 130,000 sqm logistics portfolio and over 1,000 apartments. Stefan Wallander, Chief Business Officer of NREP talked to Property Forum about their entry into the local market, rising apartment prices and sustainability commitment.

Logicor has completed the construction of a dedicated logistics facility, which will be one of the distribution centers for medicinal products and derivatives on the hospital and pharmaceutical market. The investment with an area of ​​17,960 sqm was established in the Pass Industrial Zone in Błonie near Warsaw. It was implemented in accordance with the BREEAM Very Good standard and with the use of many additional ecological solutions.  

M7 Real Estate, acting on behalf of M7 CEREF II, acquired a city warehouse in Poznań from a private individual. Avison Young's investment team introduced the property and represented the buyer.

CTP has provided tailor-made logistics space to international technology and services provider Bosch. The company has leased a distribution centre in one of the largest industrial parks in the Czech Republic. Bosch will move its operations from the Netherlands to CTPark Bor in Western Bohemia, where it will have over 15,000 sqm of lettable area.

Panattoni has launched construction work on Panattoni Park Ruda Śląska III. The project is already 95 pct leased, with one of the future tenants being midocean, an industry-leading wholesaler of personalised promotional products, textiles and business gifts across the continent. The tenant has leased over 40,000 sqm for its main European logistics and printing centre. midocean is to use numerous sustainable solutions such as heat recovery systems, and solar panels and is to move into its new centre in the middle of 2022.

Construction of the first of two warehouse buildings in 7R Park Łódź West II complex is nearing completion. The building has been leased to two tenants. MDH, a subsidiary of the Meyra Group, will soon start its operations in the location. The company produces and sells orthotic supplies for people with movement disorders. During the lease process MDH was supported by the consulting company Axi Immo. VESBO Poland, a distributor of sanitary installations and water filters, has also chosen this location in Łódź

Austrian privately held development company Karimpol Group officially launched the construction of the Squarebizz project in Bratislava. The first phase consists of 15,000 sqm of retail, storage, service and showroom facilities accompanied by up to 2,000 sqm of offices in three separate buildings. A second construction phase will extend the Squarebizz Bory by another 15,000 sqm of modern flexible space plus offices.

The list of industrial and logistics developers active in the booming Polish market has now been joined by LCube, headed by Adrian Biesaga and Michał Stachura. The leasing team will be led by Aleksandra Kołbon. LCube's first project will be implemented in Jasionka near Rzeszów.