The Romanian logistics market will have a record demand by the end of 2020, with a transactional volume exceeding the 700,000 square meters threshold, amid the accelerated development of e-commerce and the positioning of Bucharest as a regional logistics hub for a series of international retailers, according to Cushman & Wakefield Echinox.

The cosmetics, food supplements and parapharmaceuticals company Green Net has leased 2,500 sqm in Chitila Logistics Hub, developed by Globalworth and Global Vision. The leasing process was carried out virtually.

Blackbrook Capital, a European independent real estate investment firm focusing on mission-critical commercial property, announced the acquisition of a 100,000 sqm Class A logistics facility in Poland from GLL Real Estate Partners. The transaction price was not disclosed.

Panattoni has announced its latest investment along the S8 route (Białystok–Warsaw–Wrocław) in the Warsaw region. This time the developer has purchased a 12.56 ha plot close to Nadarzyn for Panattoni Park Warsaw South, which will have an area of almost 54,000 sqm. With the building permit in place, construction work on the complex is to start in January 2021.

Ehlebracht, an international company with a production site in Michalovce, is moving to ctPark Košice. Construction on the 8,916 sqm hall should start this November with handover scheduled for the end of 2021. The production enlargement will bring 60 to 80 new jobs to the region.

J&T INVESTMENTS SICAV, a fund created by the J&T financial group, has invested in logistics facilities in the Pardubice region. The complexes, which were built in 2009-2012, offer 35,000 square meters of warehouse space and are long-term leased to quality tenants.

During Q3 2020, gross take-up on the Czech industrial market reached 289,400 sqm which is a decrease of 21% year-on-year. Still, the vacancy rate decreased over the quarter. The Industrial Research Forum announced the industrial market figures for Q3 2020.

Hungarian lender OTP Bank has granted a RON 8.9 million lei (€1.8 million) loan to Romanian logistics operator Rara Invest. The company is using the funds for the expansion of its Sura Mica industrial park in Sibiu.

P3 has signed an agreement with Vítkovice, a.s. and VTK NCA a.s. to buy 40 hectares of land in the Vítkovice area in Ostrava. Formerly known as Aglomerace, the area will be used by P3 to build an industrial and commercial district that will include production and storage warehouses, stores, showrooms, offices, and various other facilities. The overall design of the complex is being prepared in cooperation with architect David Kotek from the Ostrava-based Projektstudio.

CTP has inaugurated a new logistics centre in ctPark Bucharest West for one of the largest retail companies in Romania. Started in December 2019 and finished in September 2020, the new warehouse for Profi Romania became operational only one month after the completion of construction. The warehouse has a total area of ​​56,500 sqm, which can be extended by another 10,000 sqm. CTP’s investment in the project was €29 million (RON 140 million).