ARTICLES LABELLED WITH TAG logistics

Gdańsk-based developer Torus Logistics has announced the acquisition of a building permit for its new initiative, Gdynia City Logistics which will be developed in in partnership with BTV, a boutique asset and development management company specialising in logistics real estate.

Over the past year, many residential markets in CEE that have historically depended on credit buyers, have experienced a significant slowdown. This is not the case with Serbia’s residential market which has been dominated by cash buyers. At the same time, the local commercial real estate market also remains attractive to foreign investors, especially for the development of logistics and industrial facilities. These are just some of the conclusions of last week‘s Balkans Property Forum 2023, organised in Belgrade by Property Forum.

Panattoni is expanding its portfolio within the boundaries of Łódź. The developer has started the construction of the first hall within Panattoni Park Łódź West II, which will occupy 70,630 square meters. Almost half of this space will be taken up by Rohlig SUUS Logistics.

Apart from the Northeastern part of Hungary, home of many developments of Infogroup, Southern counties also have huge industrial potential which should be materialised, says Ádám Székely, Managing Director of Infogroup. Property Forum asked him about the ways and risks of warehouse and logistics developments in the country.

The global provider of logistics and relocation services has renewed its lease for space at the MLP Pruszków II logistics park for another term. Universal Express moved into the logistics centre almost a decade ago, and now occupies 13,600 sqm of modern space.

7R has obtained a development loan for the 7R City Flex Katowice I project. The financing of €15.5 million was provided by mBank.

A new logistics and industrial centre was opened in the area between Chomutov and Klášterec nad Ohří (west of Prague near the German border) for CZK 520 million (€21.4 million). The construction of the Garbe Park Klášterec II project with a total leasable area of over 18,000 sqm was completed in eight months. Representatives of the Progresus investment group and the developer and co-investor Garbe have already handed over the building to the main tenant, the German manufacturer of sealing systems Isolite. 

MLP Group is investing to develop a new logistics centre within the Katowice Special Economic Zone. The upcoming MLP Bieruń West, situated on recently acquired land, is set to provide approximately 55,000 sqm of cutting-edge warehouse space. It will be yet another logistics centre operating in the highly sought-after region of Upper Silesia. In line with the property developer’s standard, the project will undergo the BREEAM New Construction certification of ‘Excellent’.

CTP has signed a 10-year lease for 21,000 sqm at CTPark Gdańsk Port with major Polish cargo operator Morska Agencja Gdynia (MAG).

The Polish industrial and logistics market is transitional between economic shifts. Demand for warehouse space declined primarily in the first half of 2023, with a resurgence in Q3, resulting in aggregate demand for the first three quarters of this year of 3.75 million sqm (-25% y/y, Q1-Q3 2022). Higher investment financing costs are affecting the volume of space under construction, with developers developing 2.5 million sqm at the end of September 2023 (-36% y/y). It also impacts the volume of space delivered, which amounted to 3.12 million sqm from January to the end of September (-13% y/y Q1-Q3 2022), says Axi Immo.