The vacancy rate on the Budapest industrial market reached 2% at the end of Q3 2019. Total demand amounted to 154,825 sqm, indicating a 42% increase from the figure noted in the same period last year. The Budapest Research Forum published its quarterly industrial market analysis.

P3 Logistic Parks is expanding its activities with its first project in eastern Slovakia. It is starting construction of a modern logistics and industrial park near the village of Nová Polhora. This is an attractive location for developers and business, offering easy access via the D1 motorway to the metropolises of eastern Slovakia – Košice and Prešov – and logistics connections to neighbouring countries.

Cushman & Wakefield has advised on the acquisition of a 17-hectare plus land in Biskupice Podgórne near Wrocław. The new owner of the land is Segro, a developer and owner of warehouse parks in nine countries across Europe.

Oxenwood Real Estate, the UK and European real estate investment management firm, has acquired a newly developed logistics facility near Warsaw from a joint venture between Panattoni Europe and Bluehouse Capital for €13.5 million.

Aldi will lease 10,000 sqm at CTPark Budapest West in Biatorbágy, the developer announced on Linkedin. The new tenant will move in before the end of the year.

The first boxes with orders from a Polish clothing manufacturer have already set off from the warehouse just outside Bucharest. Thanks to the launch of the fulfilment centre with an area of 22,000 sqm LPP is now able to do deliveries to customers from South-Eastern Europe even the next day after the transaction. The warehouse will handle online orders for all five brands of LPP: Reserved, Cropp, House, Mohito, and Sinsay.

Panattoni Europe has completed a warehouse facility which is a record-breaker in Poland in terms of size at ground level. It is the central warehouse of Leroy Merlin totalling in excess of 123,300 sqm. The project was delivered literally in the centre of Poland – in Piątek commune, Łódź voivodeship – and has completed the BREEAM environmental certification process.

Dentons advised Raiffeisen Bank International AG and Raiffeisen Bank SA in connection with a €34 million facility agreement granted to VGP Park Timisoara SRL to refinance an industrial project, including four prime logistic buildings in Timis, Romania.

In an industry first, CTP Invest and BRE will collaborate to implement BREEAM In-Use International across the entire CTP Invest portfolio of industrial buildings, throughout 2019 and 2020, in a landmark strategic alliance.

P3 Logistic Parks has signed an exclusive agreement to partner with Virtuplex, Europe’s largest B2B virtual reality laboratory, to explore the application of VR technology in the logistics warehouse space.