Panattoni Europe laid the cornerstone for the construction of a 35,000 sqm facility for FM Logistic at Panattoni Park Głogów. From these premises, the tenant will service B2C e-commerce for a leading pet store chain owned by Fressnapf Group, which operates in Poland under the international brand Maxi Zoo, carrying out orders for individual clients from Poland and Germany. Panattoni Park Głogów, which will eventually cover 20 ha, is to offer 110,000 sqm under one roof. The investment is to be BREEAM certified at the ‘Excellent’ level.

The latest report by BNP Paribas Real Estate Poland shows that in the first three quarters of this year, a record demand for warehouses was noted, amounting to almost 4.8 million sqm. The company’s analysts also point out that movement at construction sites, where work is currently underway, has also set a new record, with more than 3.7 million sqm of modern office space under construction. As in previous quarters, the development of the sector together with an increased demand for logistics spaces, have been primarily driven by a rise in e-commerce, as well as an increase of companies operating in the logistics and trade sectors.

Investment market experts in the Czech Republic are concerned about the potential effects of high inflation and rising interest rates on the market. At the same time, they remain highly optimistic about the future of logistics and keep ESG at the top of their agenda, according to a recent panel discussion at Prague Property Forum 2021, moderated by Jaroslav Kaizr MRICS, Expert Director of the MBARE programme at VŠE.

Spiżarnia, a distributor of Polish food to Western European countries, has chosen 7R Park Lublin to locate its new warehouse and offices. The company will occupy one of the five buildings at the planned logistics park. The facility for Spiżarnia, with an area of nearly 22,000 sqm, was developed in the BTS formula and houses three cold stores. The building will be completed in December 2021.

Garbe Industrial Real Estate GmbH has launched the development of 8,000 square metres in Garbe Green Park Piešťany. A new space comprising 3,000 square metres will be occupied by Inalfa, a designer, producer and supplier of roof solutions for the automotive industry. The remaining 5,000 square metres will be delivered speculatively and available for lease from May 2022.   

Macquarie Asset Management has continued to expand its presence in the logistics real estate sector by acquiring a portfolio of CityFlex properties in Poland from 7R for more than €63 million on behalf of one of its managed accounts. 

MLP Group has released its strategic goals to be met within the next three years to 2024. In line with the strategic plan, the period will see the company’s equity, or net asset value (NAV), double from €387 million in 2021 to €823 million at year end 2024. Significant growth in NAV is expected in 2022, driven mainly by the development of new projects in Germany and Austria, already fully secured.

Panattoni is further developing the warehouse stock of Lower Silesia. Panattoni Park Wrocław XIII is under development next to a junction of the A4 motorway in the village of Pietrzykowice just outside Wrocław and will eventually have an area of 75,000 sqm. Logistics operator Chomar has just leased 15,000 sqm in the park. 

CTP has expanded its cooperation with the logistics company Loxxess s.r.o., which is currently the second-largest tenant of CTP in the Czech Republic. The newly constructed warehouse provides the company with nearly 70,000 sqm of additional space, over and above their existing 45,000 sqm of leased space, was handed over in September. The premises are mainly used for the storage of drugstore goods for dm-drogerie markt.

VGP, a European provider of high-quality logistics and semi-industrial real estate, published a trading update for the first ten months of 2021.