ARTICLES LABELLED WITH TAG logistics

CTP plans to make a significant contribution to nature conservation, reduce its carbon footprint, and promote the long-term sustainability of the environment. The company has recently become the owner of 100 hectares of forest and plans to restore it. It has decided to further develop its ecological and social activities by purchasing 100 hectares of forest near Mladá Boleslav. The main goal of the company is to revitalize and grow trees.

The UK is the 5th or 6th biggest export destination for both Romania and the country’s major trading partners – Germany, Italy and France. Thus, a negative Brexit scenario would have significant second-round effects via Romania’s other trading partners which do a significant amount of business with the UK. According to Colliers International’s estimates, the stock of modern industrial space is still expected to grow considerably in the next three years (by 2023).

The Polish industrial market remains in very good health, with warehouse supply hitting a record high and robust occupier demand. Cushman & Wakefield summarised the third quarter of 2019 on the industrial market in Poland in its latest report.

2.5 million sqm was leased in the first three quarters of 2019 and by the end of the year, demand will most likely exceed 3 million sqm. 2019 has seen developers deliver two million sqm to market, with a total stock now stands at almost 18 million sqm. JLL summarised the situation on Poland's industrial market at the end of Q3 2019.

CTP has significantly expanded its portfolio both across the region and in Hungary in recent years. In response to brisk local demand, the company plans to prepare speculative developments of premium industrial space totalling 150,000 sqm in the Hungarian market in 2020. These projects will affect nearly all the industrial parks of local CTP.

One of the region’s most active investment managers, Griffin Real Estate has ambitious plans to further expand its portfolio in several market segments, potentially outside of Poland as well. Stanislav Frnka, the company’s Senior Partner has talked to Property Forum at Expo Real about Griffin’s investment strategy and the asset classes they’re exploring.

Panattoni continues its investments in Lublin. The planned Panattoni Park Lublin III will consist of four Class A warehouse halls totalling 53,110 sqm. Construction works began last October and the first tenants include well-known logistics operators. They have taken up 12,000 sqm in total.

Colliers International Romania has been assigned to offer property management services for the first phase of the industrial park ELI Park 1, with a total area of 20,000 sqm. This is the first project built by Element Industrial, a Romanian developer of industrial and logistics spaces, and the fourth logistics park managed by Colliers. Thus, the total industrial portfolio managed by Colliers in Bucharest and in the big regional cities reaches 130,000 sqm, out of a total of over 500,000 sqm that includes office buildings as well.

CTP has launched a new product on the Romanian market - Premium Business Units. These multifunctional units combine office, production, storage and showroom space into one. With areas between 1,000 and 3,000 square meters, they address the needs of those companies that want to optimize their flows and grow their businesses. Adapted to meet the needs of each company, these are premium facilities to modern standards and are aimed at entrepreneurs who are currently in outdated or improper buildings and want to optimize and improve their image and results.

Romanian retail chain Profi, controlled by investment fund Mid Europa Partners, will lease 60,000 sqm of logistics space at CTPark Bucharest West from 2020, according to Ziarul Financiar.