LaSalle Investment Management Inc. has completed the purchase of Panattoni Warsaw West VI in Grodzisk Mazowiecki. Experts from JLL advised the buyer in this deal.

Eastern Poland continues to attract increasing interest from both Polish and overseas investors. Its cities, including Lublin, Białystok and Suwałki, are gaining favour with logistics and manufacturing firms planning to expand, according to Kamil Żach, Land Specialist, Industrial and Logistics Agency at Cushman & Wakefield.

During Q2 2019, gross take-up on the Czech industrial market, which includes renegotiations, reached 380,500 sqm showing an increase of 21% over the Q2 2018. The Industrial Research Forum announced the final industrial market figures for Q2 2019.

Panattoni Europe has completed the construction of another facility for Amazon with more than 60,000 sqm of space. The logistics centre in Bolesławiec in Lower Silesia will receive products from sellers and suppliers, and then distribute them to Amazon’s e-commerce centres. The project was built in line with the guidelines for BREEAM certification and is already the seventh joint project between the two companies – in the space of five years the developer has delivered 745,500 sqm to the world’s largest online store.

In the first half of this year, MLP Group signed 22 lease contracts for a total of 217,000 sqm of warehouse space in Poland, Germany and Romania. This is more than double the previous year’s figure, of just over 100,000 sqm.

CTP acquired A1 Bucharest Park during a transaction valued at approximately €40 million.T property is situated at kilometre 13 on A1 motorway.

M7 Real Estate, a pan-European investor and asset manager, has acquired a further five office, light industrial and logistics assets in Poland on behalf of its M7 Polish Active Fund (M7 POLAF) for a total of €65 million in three separate transactions.

In Wrocław, Panattoni Europe has completed phase one of City Logistics Wrocław I, with 36,700 sqm built and fully leased, and as of August works are starting on phase two – to deliver an additional 25,000 sqm. The facility tailored to the needs of tenants seeking small units will be ready in Q1 2020.

In 2018, CTP achieved gross rental income of nearly €274 million, a 16% year-on-year increase. During the year CTP grew its CEE portfolio by over 13%, reaching the milestone of 5 million sqm under management. Total asset value increased year-on-year by over 10% to €4.8 billion. The company’s LTV ratio decreased slightly to 48%.

P3 will add a hostel and retail space to its existing P3 Bucharest Park development, located on the A1 motorway, creating the first mixed-use project on the Romanian market.