The development of a new industrial building with a leasable area of 27,500 sqm has kicked off at BHM Industrial Park Belgrade (IPB), with completion expected by the end of 2024.

Poland's industrial market remains steady and adapts its growth rate to the macroeconomic conditions in both the local and European markets. The gross take-up statistics, which stood at 870,000 sqm at the end of Q1 2024, demonstrated the restricted growth of businesses in the industrial and logistics sectors. Developers supplied about 850,000 sqm between January and March 2024, which prompted Axi Immo analysts to report a slight increase in vacancy rates to 8.2%. The industrial sector has more than 32.7 million sqm of total stock. Nonetheless, a further 2.3 million sqm are still being built.

At 7R Park Gdańsk IV, which spans 42,000 square meters, Mercator Medical S.A will open its first dedicated distribution centre covering 13,000 square meters. The warehouse park is a part or the portfolio of 7R. 

According to the latest report from Cushman & Wakefield, occupier demand was notably weaker on the Polish industrial market in the first quarter of 2024. However, despite a double-digit decline in take-up, Poland was one of the most active leasing markets in Europe. Development activity also stabilised, but this year’s new supply is forecast to be the fourth highest in the history of the Polish industrial market.

Panattoni has begun work on Panattoni Park Gdańsk City Airport, a new project in the district of Pomerania. The development is being built on a speculative basis and will comprise two modern distribution buildings with a combined area of over 18,400 sqm.

DHL Supply Chain has been operating a carbon-neutral distribution centre for Eaton in CTPark Pohořelice since January 2024. The developer CTP has actively participated in its transformation.

Panattoni has delivered Panattoni Park Kraków East IV. The development is now to be financed with a €10.5 million loan granted by Bank Gospodarstwa Krajowego. The centre has been fully leased out to OMEGA Pilzno.

Panattoni is launching the construction of a new speculative centre in the Łódź region. The project is to have an eventual size of close to 30,000 sqm.

Warsaw is a great place to locate small business units (SBUs). Although small and flexible warehouse modules have been trending for years, it takes several months to secure prime space in such facilities in the Polish capital, say experts of Newmark Polska.

MLP Group has entered into a transaction with ING Bank Śląski S.A. whereby the bank has agreed to provide funding totalling €26.8 million, to be used to finance new investment projects in the MLP Poznań and MLP Poznań II logistics parks and to refinance existing liabilities under bank loans.