ARTICLES LABELLED WITH TAG logistics

CTP Group recorded a profit of €99 million (more than CZK 2.5 billion) in the first half of 2020, while its Portfolio of Class A property under management grew to over 5.8 million sqm. During the first six months of the year, CTP Group added 268,926 sqm of lettable area to its portfolio, and plans to grow by additional 595,000 sqm by year-end. The pandemic has transformed the nature of demand, but rental incomes increased in the second quarter.

Panattoni is to deliver a central warehouse in Łódź for school and nursery school supplies. Their distributor has leased 11,200 sqm in Panattoni Park Łódź West, which is currently under construction. The building is to be built in Konstantynów Łódzki, near two express roads 8 km from the international airport. It is the developer's first investment project on the western side of Łódź.

Panattoni has begun the construction of Panattoni Park Bydgoszcz III with a planned area of 43,000 sqm. The first tenant is Reconext, a company that services electronic equipment, and the size of the lease is 12,800 sqm. The building is to be constructed to BREEAM 'Very Good' certification standards, and solar panels are to be installed for the use of the tenant.

Accolade is investing in another location in the Zachodniopomorskie Province. As part of the first stage of Panattoni Park Szczecin Airport, located in Goleniów, the Accolade portfolio will be expanded with 28,800 sqm of modern warehouse space. The value of the investment is estimated at €21.3 million, and the first tenant of the new space will be Bosch brand. The construction is already underway and the first phase will be completed in the first quarter of 2021. The developer of the project is Panattoni. The project in Goleniów is a natural step in the development of Accolade in the region, after the company has continuously invested in the expansion of Panattoni Park Szczecin, which currently has an area of more than 183 thousand sqm.

P3 Logistic Parks lased out a total of 58,637 square meters of logistic and office space in H1 2020 to clients such as Gebrüder Weiss Romania, Interbrands Marketing & Distribution, Logwin or Just Master Activities. Of the total number of transactions, 52% of the surface (30,466 sqm) is represented by new long-term contracts, 38% are prolongations of existing contracts (22,420 sqm), and the remaining 10% (over 5,700 sqm) are short-term leasing agreements.

Prologis has launched its Essentials Marketplace for Europe, a procurement tool that saves customers time when setting up, expanding or upgrading their operations. This online platform offers a raft of key warehouse interior products and fully managed instalment processes.

DL Invest Group has concluded a cooperation agreement with DHL Supply Chain Polska concerning the joint development of the logistics centre DL Invest Park Psary. Right next to the DK-86 route in Psary in Silesia, modern warehouse buildings with a total area of over 200,000 sqm will be constructed.

CTP has been named the landlord of choice by a joint venture partnership between Maersk and IB Cargo which is going to operate a 75,000 sqm distribution centre for IKEA Supply AG at ctPark Bucharest West.

One of Panattoni’s existing customers, Globalway – a supplier of (among others) toys, furniture, sports accessories and interior furnishings produced in China – has decided to lease the whole of Panattoni Park Tricity East IV. This has been made possible thanks to the close cooperation of the developer with the Polish Investment and Trade Agency (PAIH), which is supporting the project by providing investment incentives for Globalway. The 52,000 sqm complex is to be built in the eastern part of Gdańsk, where the tenant will be ready to move in Q1 2021. The leasing deal was brokered by Querco Property.

Savills Investment Management has acquired a logistics property in Łódź, Poland, and two adjacent distribution centres in Den Bosch, the Netherlands, for a total of c. €52 million. The Polish property was purchased on behalf of the Savills IM European Logistics Fund 2 (ELF 2) portfolio, which now comprises 26 properties. The two Dutch logistics properties constitute the third transaction on behalf of the European Logistics Fund 3 (ELF 3), which was launched in late 2019.