European businesses have for years been shifting manufacturing to remote locations, targeting Asia Pacific in particular. Recent global turmoil has, however, disrupted supply chains, revealing the length and complexity of processes enabling the sourcing, transport and consumption of various products. Furthermore, the growing significance of sustainability is compelling companies to rethink their business strategies. This is naturally shifting the focus of business to nearshoring and… to Poland. Cushman & Wakefield estimates that warehouse occupancy and operating costs in Poland are even over 50% lower than in some Western European countries.

The Slovak government has approved the Ministry of Economy's proposal to allocate €21 million to prepare three industrial parks in Slovakia through MH Invest.

The largest online perfume and cosmetics store in Europe has leased over 28,000 sqm of warehouse space in MDC2 Łódź South Park.

Transport and logistics company Gebrüder Weiss has kicked off the construction of a new logistics project in Popești Leordeni, near Bucharest in a move designed to increase its storage capacity in the market.

Warehouse deliveries in Poland reached a historic high in the first quarter of the year, reveals the latest report from Cushman & Wakefield. Despite occupier activity remaining on a downward trend, Poland is still one of the fastest-growing warehouse and logistics markets in Europe.

According to the report prepared by Newmark Polska, the first quarter of 2023 was dominated on the Polish warehouse and industrial market by the number two. Warehouse deliveries totalled almost two million sqm and close to two million sqm of warehouse space was available for immediate occupancy. There is just over two million sqm under construction, while Poland’s overall vacancy rate is now at its highest in over two years.

MLP Group has just launched a project to expand the MLP Bucharest West logistics park. The new building of about 16,000 sqm, being developed on a speculative basis, is scheduled for completion by the year’s end.

Panattoni has completed the construction of the sixth building in the K-FLEX production and storage centre in Uniejów and together with the client has held the formal opening ceremony. With the newly completed 33,000 sqm of warehouse space, the complex in Uniejów now comprises more than 100,000 sqm

MLP Group has established a relationship with the German banking institution Aareal Bank AG, whereby the latter has committed funds of over €63.5 million. The borrowed funds will be applied to refinance the MLP Poznań West project and to finance new investment projects undertaken by the MLP Group.

Lightware Zrt, a significant tech company has chosen Hungária Office Park (HOP) developed by Hungarian company Wing. The new tenant is moving its headquarters to the park in autumn 2023, to a 7000 sqm office building, which the developer will fully renovate. Wing was represented by the Eston International agency during the lease negotiations.