ARTICLES LABELLED WITH TAG logistics

Total demand on the Budapest industrial/logistics market amounted to 460,000 sqm in Q1-Q3 2020. The vacancy rate at the end of Q3 2020 stood at 2.3% following a 0.21 pps decline y-o-y. The Budapest Research Forum published its quarterly industrial/logistics market analysis

According to Savills’ latest research, Europe will see an additional 11.6 million sqm of warehouse demand due to the manufacturing sector by the end of 2022, based on Capital Economics forecasts data.

7R has won a tender to purchase 20 ha of land in the Pomeranian Logistics Centre. On the plot, the developer will build the 7R Park Gdańsk Port complex, with a total area of approx. 123,000 sqm. The land property is located in the immediate vicinity of the Port of Gdańsk, and the largest deepwater terminal in the Baltic Sea – DCT Gdańsk.

In the first half of this year, CTP Group recorded a profit of €99 million with gross rental income reaching €152 million during the period. Despite the coronavirus pandemic, in the second quarter of this year CTP Group recorded an increase in rental income, which reached €72 million, a 16% year-on-year increase. CTP Group was also able to sign new long-term leases for 345 thousand sqm signed in 1H 2020.

The investment volume on the Polish commercial property market is estimated to have reached €1.05 billion in Q3 2020. According to Savills, the industrial sector accounted for approximately 70% of that total, which illustrates the current investor preference for logistics properties, especially facilities dedicated to e-commerce.

P3 Logistic Parks signed a collaboration protocol with the Regional Branch of Railway Transport for Passengers Bucharest (CFR Călători). The agreement grants train stops next to P3 Bucharest A1 park for the Regio and InterRegio trains circulating the route Bucharest - Videle and back. This new transport facility will allow P3 Bucharest A1’s tenants to recruit labour force from adjacent locations, on the route Roșiori - Videle - P3 Bucharest A1 - Basarab - Gara de Nord and back. Starting 21 September, P3’s park in Bucharest can be accessed also by train, from Gara de Nord or Basarab, in a 17-25 minutes trip.

Infogroup has commenced construction of a new logistics building in Polgár Industrial Park. The 4000 sqm speculative building is being developed in the company’s own industrial park. The customizable building will offer a solution to growing logistics and industrial needs, is expected to be ready in Q2 2021.

Even though logistics is the real estate sector least affected by the current economic downturn, tenants are still looking to cut costs and this is what landlords need to respond to. Ana Dumitrache, Country Head at CTP Romania, who will be a speaker at our upcoming SEE Property Forum 2020 in Bucharest, talked to us about how COVID-19 has impacted the company’s operations, what tenants are looking for and how an ambitious expansion strategy can be executed.

The I&L sector in the CEE-17 has become one of the most sought-after asset types since 2019, after offices and residential according to Colliers International, CMS and Randstad. The report revealed that some of the key challenges in this sector include the availability of land and property in locations that meet both the developers and end-user expectations, along with the availability and reliability of utilities, connectivity to transport infrastructure, the availability and skills of the labour pool, and access to investment incentives.

Panattoni is expanding in Upper Silesia. The developer has started the construction of Panattoni Park Ruda Śląska III, which will eventually have an area of 70,000 sqm. The project is in the middle of the Silesian conurbation near the A1 and A2 motorways, which will give it excellent connections to the most important towns and cities of both the region and the country.