ARTICLES LABELLED WITH TAG logistics

Cromwell Property Group, has entered into a strategic partnership with Linkcity, member of Bouygues Construction, a global construction company, to invest in the rollout of a portfolio of logistics and light industrial assets in Central and Eastern Europe.

Occupier activity set an all-time high on the Polish industrial market in the first three months of 2018, which pushed the country’s vacancy rate down to its lowest on record. Demand came mostly from e-commerce (24%), logistics operators (23%) and retailers (19%). Cushman & Wakefield presented a summary of the first quarter of 2018 on the Polish warehouse and industrial market.

Prologis announced that Prologis European Logistics Fund (PELF) has acquired the 43,700 sqm Mountpark Pilsen in the Czech Republic.

Gross take-up on the Czech industrial market reached 420,300 sqm in Q1 2018., showing an increase of 41% compared to the same period of last year. The Industrial Research Forum announced the final industrial market figures for Q1 2018.

IAD Investments, the oldest independent Slovak asset management company, has acquired the Dunaharaszti industrial park next to Budapest. The acquisition of the logistics complex was made on behalf of its Prvý realitný fond, a mutual fund investing throughout Central Europe. This is the first fund acquisition made in Hungary and it means the successful entrance to the Hungarian real estate market.

Prologis announced the launch of construction of Prologis Park Brno, a new logistics park in the Czech Republic, with the first speculative development of 27,860 square metres. The building is scheduled to be completed in the third quarter of 2018.

Total demand on the Budapest industrial market amounted to 103,790 sqm in Q1 2018, marking a 45% year-on-year increase. At the end of the first quarter, there were only four existing schemes with more than 5,000 sqm of available warehouse space. The Budapest Research Forum published its quarterly industrial market analysis.

CTP will deliver another logistics park in Cluj county by the end of this year. The 30,000 sqm CTPark Cluj II will be completed in three phases.

After the recent start of construction works at LiNK Hradec Králové Linkcity has announced the launch of another project. The developer has received a planning permit for a logistics park in the industrial zone Nitra – Lužianky, located near the R1 motorway in Slovakia.

Polish developer 7R plans to set up a network of small business unit (SBU) warehouses across Poland under the 7R City Flex brand. Tenants will be able to sign one joint contract for the lease of warehouse space in several different locations as part of the City Flex program.