ARTICLES LABELLED WITH TAG logistics

Accolade secured the plot to launch its new project. The new industrial park has a planned area of 76,000 sqm and an investment value of over €60 million. It will be located on the Polish western border, along the S3 road and right next to the A2 highway junction.

Castorama, Poland's largest chain of home improvement stores, selling construction and finishing products online and in 90 brick and mortar stores across the country, will move to 7R Park Łódź East I. The total area that the tenant will occupy is more than 36,000 sqm. In the lease process, Castorama was advised by JLL.

CTP’s founder Remon Vos has been listed as the second wealthiest Dutch person on the annual Quote 500 list with an estimated net worth of €5.7 billion, just behind Heineken heiress Charlene de Carvalho-Heineken. The story of CTP, a company with a market cap of €7.7 billion, is a prime example of how tapping into CEE’s untapped potential helped create a dynamic real estate empire.

Allianz Real Estate, acting on behalf of several Allianz group companies, and logistics developer VGP have agreed to form a new 50/50 joint venture. The vehicle, the fourth such venture between Allianz Real Estate and VGP since 2016, will develop a portfolio of prime logistics assets in Germany, the Czech Republic, Hungary and Slovakia.

CBRE Investment Management and Hillwood Investment Properties announced a definitive agreement whereby entities affiliated with CBRE Investment Management will acquire a 57-asset, 2.6 million sqm portfolio of state-of-the-art logistics properties in the United States and Europe valued at approximately $4.9 billion from Hillwood.

Renata Osiecka, Managing Partner at AXI IMMO talked to Property Forum about the new sources of demand on Polish warehouse markets, financing new logistics projects and forecasts for the nearshoring trend.

Palmira Capital Partners has acquired another property for the European Core Logistics Fund in Gliwice, southern Poland. The vendor is a fund advised by Crescendo Real Estate Advisors. The parties have agreed not to disclose the purchase price.

Stockholm-based global investment manager EQT Exeter has acquired five logistics halls in two parks in Ostrava (Logistics Park Nošovice and Ostrava Airport Multimodal Park) offering 140,000 sqm of Class A space from J&T and Concens Investments. CBRE advised the sellers in the €150 million transaction.

Panattoni is kicking off its first investments in Hungary. On the plot purchased in Herceghalom, 30 km from the centre of Budapest, Panattoni Park Budapest West will be built with a total space of 75,500 sqm. The developer has also acquired land for City Logistics Budapest I in Törökbálint, halfway between Herceghalom and the Hungarian capital. Both investments will encompass jointly up to 100,000 sqm.

CPI Property Group announced that the Group has signed disposals that will raise gross proceeds of about €700 million and net proceeds of about €550 million following repayment of associated asset-level debt.