ARTICLES LABELLED WITH TAG logistics

Hillwood Polska has signed credit agreements with Bank Pekao S.A. for the construction of three warehouse projects: in Częstochowa, near Rawicz, and in Łazy near Warsaw, with a combined value exceeding €89 million.

According to AXI Immo, more challenging economic situation and a ‘wait and see’ approach adopted by market players have been the key factors affecting the Polish industrial real estate sector in H1 2023. Gross take-up amounted to 2.24 million sq ]m (-39% y/y) between January and June. A soft patch was also visible on the supply side. Although a relatively large amount of space was added to the market in H1 2023 (2.6 million sqm, marking a 9% y/y increase) and total stock increased to 30.6 million sq \m, there was only 2.13 million sqm under construction as at the end of June 2023 – 50% less compared to a year earlier. The vacancy rate climbed to 6.7% at the end of Q2, marking a 3.3 p.p. increase on Q2 2022.

MCG EastBridge, part of the Maszoński Group's portfolio is growing. Following a record-breaking deal on the Kraków warehouse market in Q1 2023 for nearly 37,000 sqm at GLP Kraków III Logistics Centre, the company decided to expand by more than 19,000 sqm. Under the signed agreements, MCG EastBridge will occupy a total of 56,200 sqm and will be a single occupier in the development, which is being built in the Niepołomice Investment Zone near Kraków. The two-stage lease is the largest signed transaction in the Polish warehouse market in the first half of 2023. In both cases, MCG EastBridge was represented by AXI IMMO.

MDC2, together with the investor, Invesco Real Estate, finalized the lease of 10,784 sqm of space in MDC2 Park Gliwice. The tenant is an international manufacturer providing comprehensive IT solutions for energy markets, service providers, enterprises and industrial markets.

Warehouse developer LCube has secured planning permission for another of its investments – Lcube Mszczonów. The project calls for the development of an industrial and warehouse park, spanning approximately 31,500 square meters on a nearly 8-hectare site.

Panattoni has received financing from BNP Paribas Bank Polska for the largest industrial park in Bydgoszcz. The €54 million loan is for the developer to finance Panattoni Park Bydgoszcz IV – a 110,000 sqm complex of three buildings that was handed over in July this year and is now 90% commercialised

Panattoni received a BREEAM Outstanding in the International New Construction system for Panattoni Park Konin. It is already the fourth investment by the developer in Europe with the highest rating in this system. The total area of its buildings confirmed by an ecological certificate has already exceeded 12 million sqm, and another 4.5 million sqm is in the certification process, including five BREEAM Outstanding investments and DGNB Platinium.

P3 Logistic Parks has acquired a 30-ha plot of land in Dachowa near Poznań. The site will become the new P3 Poznań III park, which will enrich the developer’s current portfolio in the Wielkopolska region.

MLP Group has purchased an additional 6 hectares of land adjacent to the MLP Poznań West logistics centre. This will allow the construction of another 30,000 sqm of warehouse space. As a result, the target space of the complex has increased to more than 170,000 sqm. The existing plot of land has already been fully developed, with all facilities 100% leased.

GLP has started the construction of another warehouse at Wrocław V Logistics Centre. Developed in the Wrocław metropolitan area, the warehouse park in Magnice is one of Poland’s largest logistics projects. The latest stage of the project had already been fully leased before the start of construction.