Panattoni has purchased 4 ha of land and is soon to start construction on Panattoni Park Warsaw South III Piaseczno, where it will immediately develop the entire area of around 20,000 sqm. The development is being constructed near to the S7 expressway and the Janki junction, which joins the national road S7 and the S8 expressway. 

VGP has secured a major tenant for the first phase of its VGP Park Bratislava project. The just-completed Hall "A" has been leased by Dirks Consumer Slovakia, a logistics company focused on online sales of pet food and supplies.

GLP has completed the development of another logistics park near Warsaw. The 24,000 sqm GLP Warsaw V Logistics Centre is located next to the Grodzisk Mazowiecki Junction of Motorway A2. The logistics company No Limit will be its sole tenant.

Slovak asset management company IAD Investments has purchased nearly 270,000 sqm of land west of the Hungarian capital. IAD Investments joined forces with a branch of one of the largest industrial real estate developers in Europe to develop a completely new logistics park. It will be IAD's second project in the local development market.

The logistics facility will offer a total of 65,000 sqm of industrial and office space in Biatorbágy on the Western outskirts of the Hungarian capital.

7R  and DWS have closed a transaction for the transfer of ownership of 7R Park Poznań East II, a warehouse park with a gross leasable area of over 51,000 sqm. The price has not been disclosed. 

PPF continues to divest its Russian portfolio. It has completed the sale of its 60 percent majority stake in the giant South Gate logistics centre near Moscow. The deal is said to be the largest of its kind in a decade, Russian news server Metalinfo.ru reports, cited by Czech daily E15.cz.

Accolade received a long-term financing for the 5 industrial parks in Poland: Gorzów Wielkopolski, Szczecin Załom (West), Szczecin Kniewska, Częstochowa and Kielce. The €129 million refinancing loan was delivered by its new financing partner Helaba. 

Panattoni has leased 42,000 sqm to Japanese logistics operator Nissin in Panattoni Park Bydgoszcz IV. The logistics park, which came into use this year, is the first to be developed in the western part of the city and will ultimately comprise three buildings with a total area of 110,000 sqm. 

A pandemic, high inflation, rising prices for materials and contractors, and consequently, an increase in starting rental rates concerned the warehouse sector in 2022. Despite the difficulties, the logistics and industrial market is stable and has grown dynamically. The breaking point for the sector turned out to be Russia’s aggression against Ukraine at the end of Q1, 2022, which significantly changed the perception of the entire market in the first weeks of the war. Additionally, tenants and developers looked for ways to optimize energy costs throughout the year. Axi Immo presented a recap of 2022 and forecasts for 2023 for the warehouse market in Poland.