ARTICLES LABELLED WITH TAG logistics

British investment company Verdion has sold the building that houses the headquarters of US courier company UPS for Eastern Europe. The 13,600 sqm building has been bought by Safichem Invest, which is backed by Czech owners. Neither party has disclosed the purchase price. The transaction was reported by HN.cz

7R Park Wrocław West II has been granted a valid building permit. This is another development in the Lower Silesian Voivodship to be invested in by 7R. The facility will be built in Kąty Wrocławskie. Ultimately, it will provide nearly 44,000 sqm of class-A logistics and production area.

The Czech industrial market has proven that it is resilient to unfavourable economic factors and therefore it will logically remain a popular asset class that is not at risk of decline. Pavel Sovička, Managing Director of Panattoni in the Czech Republic talked to Property Forum about nearshoring, rising construction costs, changing tenant demand and all other factors that are contributing to rental growth.

Panattoni takes on another development for ESA Logistika in the Radzymin area. One of the leading logistics operators in the CEE region is to take up 30,000 sqm from the beginning of 2023.

As of December 1, Martin Baláž will step up into the position of Senior Vice President, Country Manager Czech Republic, Slovakia & Hungary, reporting to Pawel Sapek, Prologis Senior Vice President and Regional Head for Central Europe.

Panattoni has completed an investment in the Warminsko-Mazurskie province. Almost all of Panattoni Park Elbląg's space has been leased to Flex, a global supplier of equipment and technology. The facility is also used by the courier network DPD Polska. 

In Q3 2022, the Czech industrial market grew at a faster pace than at any time previously, adding 511,100 sqm of new modern industrial space to the market. The market stock overtook the level of 10.65 million sqm, further expanding after breaking the 10 million sqm milestone in H1 2022. The vacancy rate decreased to 0.99% for the first time in recorded history, plunging the national average just below 1% of all available space on the market, says Colliers.

Allianz Real Estate, acting on behalf of several Allianz Group companies, has entered into a purchase agreement related to a portfolio of five Class A logistics facilities in three European countries in a forward transaction with German logistics leader DHL. Set to complete between Q1 2023 to Q1 2024, the portfolio represents one of Allianz Real Estate’s largest single logistics sector acquisitions, in terms of gross leasable area, to date. In total the five facilities will cover over 200,000 sqm.

C. Hartwig Gdynia, a leading Polish freight forwarding company of the global Rhenus Group, has expanded its lease to occupy a total of 16,100 sqm of warehouse and office space in the Pomeranian Logistics Centre. The tenant was represented during lease negotiations by real estate advisory firm Newmark Polska.

Panattoni Park Teplice South in the industrial zone in Hostomice has reported full occupancy. The last vacancies in the Panattoni Park Teplice South complex will be filled by international logistics companies Maersk, Raben and the manufacturing company Exyte. The park was developed by Panattoni with Accolade as the investor.