ARTICLES LABELLED WITH TAG logistics

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.

Over 80% of industrial occupiers are asking about sustainable warehouse solutions and 60% of them would like their facilities to be green-certified, reveals Cushman & Wakefield in its Industrial Goes Green report on sustainability in the industrial sector.

Panattoni has begun construction on City Logistics Warsaw V in the city’s Rembertów district with a total area of over 11,000 sqm. The building is dedicated to Warsaw logistics and has been built with Small Business Unit modules with a minimum size of 1,080 sqm. The work is to be completed in Q2 2021.

Savills Investment Management has acquired another logistics unit in Łódź. The property was purchased from Invesco Real Estate, the global real estate investment manager, on behalf of the Savills IM European Logistics Fund 2 (ELF 2), which now owns 26 properties in Europe.

Accolade and Aareal Bank of Germany have agreed on the refinancing of six parks in Szczecin, Bydgoszcz, Lublin, Legnica, Białystok, and Zielona Góra in Poland.  This refinancing, in an aggregate value of €153 million, is one of the largest financial transactions in the industrial real estate segment in Central Europe.

Three tenants – LPP, Investa and Centor – have decided to extend their leases in Segro Logistics Park Stryków near Łódź, in deals that together amount to almost 80,000 sqm.

Elite Partners Capital has acquired a warehouse in Mszczonów, Poland for more than €30 million from a subsidiary of Singapore’s sovereign wealth fund GIC. The transaction spearheads its build-up of a portfolio of specialised logistics assets in Europe to address opportunities arising from COVID-19-related disruptions.

CTP Invest is commencing construction of a new industrial park in the Poruba district of Ostrava, named ctPark Ostrava Poruba. Groundworks began in the summer and the initial project phase should be completed within six months, with the first companies moving in at the beginning of next year. The developer plans to invest more than €57 million (CZK 1.5 billion) in the project. Four large halls with production facilities and warehousing will be built at the site, which will offer almost 90,000 sqm of lettable area. This is the fifth ctPark in the Moravian-Silesian Region, besides the ctParks at Ostrava Hrabová, Nošovice, Nový Jičín, and Karviná.

Panattoni has begun construction work on a new distribution building in Panattoni Park Poznań IX. Rhenus Logistics S.A. – part of the Rhenus Group – is to take up 18,000 sqm. The building will be ready for use from June next year.

Panattoni is extending Panattoni Park Gdańsk Airport to meet the needs of a new tenant. Leading logistics operator PEKAES is to take up 11,500 sqm with a further 4,000 sqm secured for its future expansion. From March 2021 the tenant will have both traditional warehouse and cross-docking space at its disposal.