ARTICLES LABELLED WITH TAG logistics

Fortress Real Estate Investments Limited has laid the cornerstone for its latest investment in Central and Eastern Europe – Fortress Logistics Park Zabrze in Poland. The ceremony included representatives of the local city council, project partners and the general contractor – Goldbeck CEE North. This class A facility with a total GLA of 77,500 sqm is scheduled for completion in Q2 2024.

MLP Gorzów Wielkopolski Park witnessed an official cornerstone-laying ceremony. The new logistics centre by MLP Group will encompass 56.7 thousand sqm of warehouse space, of which 9.2 thousand sqm will be taken up by the initial occupant Sunrise Medical. The project, due for completion in February 2024, is expected to achieve the BREEAM New Construction certification of ‘Excellent’.

Industrial developer Panattoni is buying a huge brownfield on the site of the former Barbora Mine from the current owner Asental. The company intends to build a modern industrial park of hundreds of thousands of square metres on the site of the former coal mining site. The price of the transaction has not been disclosed, Seznamzprávy.cz reports.

Hillwood Polska and LCube have signed an agreement to develop a logistics facility on the eastern outskirts of Wrocław. Spanning over 60,000 sqm, the Hillwood & LCube Wrocław East industrial and warehouse complex will offer Class A warehouse space and meet 'Excellent' BREEAM certification standards. LCube will serve as the Development Manager, working closely with Hillwood through the construction and commercial phases.

7R finalised the sale of 7R Park Szczecin and 7R Park Łódź West II. The new owner of the properties became P3 Logistic Parks. The price has not been disclosed.

Real Management S.A. has signed a lease agreement with Dr Irena Eris for warehouse and office space in its own development, an industrial park Good Point V in Łubna, near Warsaw. The warehouse space of 8,500 sqm and office space of 500 sqm is scheduled to be handed over to the tenant in Q3 2024.

How long will the cooling off in the investment market last? What are the main factors currently shaping demand? Which projects will banks lend money for today? In an interview with Property Forum, BNP Paribas Real Estate experts Małgorzata Fibakiewicz and Tomasz Arent summarised the current situation in the retail and warehouse sectors in Poland.

Accolade Group continues to expand its activities in the Karlovy Vary region and is directing another investment of billions of crowns to the region. In cooperation with developer Panattoni, it is currently continuing to prepare a brand-new industrial complex in Okrouhla (Cheb East) with an estimated value of CZK 2 billion (€81 million) and a planned area of 80,000 sqm, of which 60,000 will be taken over by the first tenant, the American tyre manufacturer Goodyear, at the beginning of next year. In addition to this project, Accolade owns two other parks in Cheb, with the area of all three projects expected to reach almost 600,000 sqm in the future. 

A global property company, with a strong presence in the Polish logistics market, has acquired from Panattoni three fully commercialized industrial parks, totalling 135,000 sqm for approximately €100 million.

GLP announced that Mastermedia, a leader in Polish food exports, has expanded its lease at GLP Poznań Airport Logistics Centre by an additional 11,840 sqm. As a result, Mastermedia has become the largest tenant at the logistics park, where it will now occupy a total of 28,775 sqm.