The company, which owns the Sinsay, Cropp, Reserved, House and Mohito brands, is to occupy approx. 64,000 sqm in two Panattoni Park Tricity South II buildings, where it will commence operations as early as April 2022. The investment will be designed for online orders as well as service returns. 

GLP has commenced the development of GLP Wrocław V Logistics Centre, the largest warehouse project underway in the Wrocław metropolitan area. Built on a 50 ha plot, the GLP project will ultimately offer approximately 240,000 sqm of logistics space.

Online food sales have been growing at a rapid pace in recent years in the Czech Republic, the revenue in this segment has grown by 106% on average per year during the past three years. Growth rates were strong elsewhere in Europe as well, averaging 37.3%. Cushman & Wakefield has analysed data from 24 European countries.

The European Bank for Reconstruction and Development (EBRD) is boosting the development of green industrial and logistics real estate with a €72 million mezzanine loan facility to DL Invest Group, a Polish real-estate developer focused on commercial property.

European Logistics Investment has signed a loan agreement worth €111 million with Berlin Hyp. The funds will be used for the refinancing of four projects from ELI’s logistics portfolio.

The European logistics markets are currently unstoppable and are reaching record levels. Supported by the flourishing online trade and a surge in demand due to last-mile requirements, the growth prospects continue to be very positive, both from an investment and user perspective, according to Catella’s Logistics Market Map Europe 2021.

The construction works on Panattoni Park Bolesławiec, which is the developer's 22nd park in Lower Silesia, are to start this month.

Poland is leading the industrial market in terms of yearly deliveries and e-commerce is creating strong demand across Central and Eastern Europe, pointed out speakers during the logistics panel of CEE Property Forum 2021, Property Forum’s first real-life event back in Vienna since 2019 which was attended by over 400 people coming from countries all over the region and beyond.

ITM Baza Poznańska, a Musketeers Group company that specializes in warehousing of products sold through the Group’s Intermarché and Bricomarché stores, has leased 13,000 sqm of warehouse space in Panattoni Park Sosnowiec I. The tenant was represented during lease negotiations by Cresa Poland.

Real estate consultancy CBRE has named Joanna Sinkiewicz as Head of Industrial and Logistics for Central and Eastern Europe (CEE).