GLP has leased 20,000 sqm of logistics space across two logistics parks in Czech Republic and Slovakia. The company is developing further GLP Parks in Ostrava and Brno, with an additional two developments in the pipeline for next year.

German retailer Metro Cash&Carry will expand its logistics centre in Ștefăneștii de Jos, near Bucharest, in a bid to cover higher distribution demands and sales in its network. 

Panattoni has completed the shell stage of another huge commission for the e-commerce sector. In Żerniki near Poznań, the developer is building a BTS facility with an area of 105,000 sqm for DHL Supply Chain. The latter company will use the space to carry out the logistics operations, among others, for Zalando required for distribution to several European markets – including Poland and Germany.

BentallGreenOak, a leading global real estate investment management advisor and provider of real estate services, has announced the acquisition of a logistics park comprising three well-located, high-quality warehouses in Gdańsk, Poland. This marks the firm’s first investment in the Polish market, as it continues to expand its presence across Europe.

According to Savills, the development pipeline for the Czech industrial market reached the highest level in history in Q1 2021. There were 47 industrial buildings in various stages of construction with a total rentable area of 734,200 sqm across the country. Speculative projects represented 36% of this construction pipeline, which was well below the 10-quarter average of 46%.

Astonishing gross take-up totalling 1.6 million sqm is the best ever quarterly result for Poland’s industrial market. Developers are also maintaining the pace with 2.3 million sq m under construction. Advisory company JLL summarises Q1 2021 on the industrial market in Poland.

Panattoni is expanding Panattoni Park Gorzów, where it has recently secured another tenant. Global logistics operator Fiege has leased 11,000 sqm in the park, which the company will use for the logistics operations of a client from the production sector. Panattoni Park Gorzów should be completed in November this year when it will comprise almost 70,000 sqm. The entire park is to be BREEAM certified at the ‘Very Good’ level. 

There's a new player on Poland's logistics market that's open to developing all types of projects – last-mile city logistics, classic big box or BTS units. Hadley Dean, Founder of MDC², a new company of experienced managers on the Polish warehouse market talked to Property Forum about new partnerships and the investment climate. 

Developer Warehousing & Logistics EOOD (W&L) has begun the construction of the newest industrial park in Bulgaria, called Logistics Park Sofia (LPS). The park is located about 8 km from the capital Sofia. W&L is planning to build 4 warehouse buildings in the complex which will span more than 116,000 sqm of industrial and office space that will be available to potential tenants. So far this is the first Bulgarian logistics park with such a high concentration of industrial space.

Hungarian developer Infogroup has closed a successful bond issue as part of the National Bank of Hungary's (MNB) Bond Funding for Growth Scheme. During the rating procedure, the group was assigned BB- and the bond was rated BB. The funds raised through the bond issue will be used to carry out industrial property projects.