ARTICLES LABELLED WITH TAG logistics

The stock of industrial and logistics space on the Romanian market has exceeded the 4 million sqm threshold, 90% of the total stock being concentrated in eight large cities from the southern, central and western parts of Romania, according to a new report by the Cushman & Wakefield Echinox.

Prologis has appointed Paweł Sapek as Regional Head Central Europe, a role in which he is responsible for maintaining strong team leadership, identifying new opportunities and steering the region towards new paths of development. Sapek is now responsible for overseeing the company's entire CE portfolio across Poland, the Czech Republic, Slovakia and Hungary, with a total area of 4.2 million square meters. In addition, he will run the Polish branch of Prologis and directly supervise operations in Hungary.

Garbe Industrial Real Estate GmbH, one of the leading specialists for logistics and industrial properties in Germany and other countries in Europe, is expanding its footprint in Central Eastern Europe. Martin Polák, a former managing director at Prologis, will join Garbe as Managing Director CEE and will be in charge of the further expansion in the region.

Marvipol Development special purpose vehicles have concluded two preliminary property sale agreements with LaSalle Investment Management KVG. The initial sale price is approx. €29.6 million net.

In 2019, five out of the ten European markets with the highest logistics rental growth were located in CEE. Last year, net effective rents rose more than 5% for Europe as a whole, the highest level ever recorded. This growth is driven by headline rent growth as, after several years of concession reductions, many markets across Europe are currently at very low levels of incentives such as free rent. Prologis published its Logistics Rent Index.

Panattoni will soon start the construction of Panattoni Park Tricity South II. The first 25,000 sqm out of the 70,000 sqm planned will be available in August 2020.

2019 saw the completion of 8 Prologis buildings in CEE with a total area of 189 000 square meters, whereas development starts totalled 200,000 square meters. Prologis shared it 2019 results and achievements for Central Europe.

MLP Group has issued €30 million worth of bonds. The issue proceeds will be used to purchase land and implement projects to construct warehouses in Poland and abroad. On February 26th, the bonds will be introduced to trading on the Catalyst market.

According to new data from Savills, Rotterdam is the most attractive port in Europe for logistics investment, coming in ahead of Barcelona, Valencia, Antwerp and Hamburg. Gdańsk, the largest seaport in Poland and one of the key container terminals in the Baltic Sea, may soon become one of the most modern in Europe thanks to Central Port project planned.

A new record level of modern industrial, office and retail projects is expected to be delivered in 2020, as developers announced projects of over 1.2 million square meters, according to the latest Bucharest City Report published by JLL.