ARTICLES LABELLED WITH TAG logistics

Accolade Group plans to invest over CZK 6 billion in the Karlovy Vary Region. Accolade's portfolio currently includes two industrial parks near Cheb with a total of five buildings and thirteen tenants. Three more buildings are in preparation or under construction in Cheb. So far, the group has financed the development of approximately 250,000 sqm of industrial and logistics space in the area, the value of which exceeds CZK 5 billion.

Inter Cars Group enters Panattoni Park Sosnowiec I. The automotive supplier operating in the CEE region leased over 20,000 sqm.

Propco, a developer focused on small warehouse facilities, has finalised a property development deal for DPD Polska Sp. z o.o. The BTS facility will be built in Boleslawiec, and will provide a total of 2,500 sqm of cross-dock space. It is the first project carried out for DPD Polska as part of a development programme of regional small-format last-mile logistics facilities. Construction of the facility has already begun, while the space is scheduled to be handed over to the tenant for use at the turn of 2022/2023.

GTV, an international distributor of furniture accessories and LED lighting, has signed a lease for another 32,000 sqm of space at MLP Pruszków II. The company is already occupying 20,300 sqm at the logistics centre. The new building is to be handed over to the tenant next April. The transaction was brokered through AXI IMMO, a real estate advisory firm.

Development company Antracit is launching a series of projects in several cities in the Czech Republic and Slovakia. It is preparing a mixed-use rental project in Ostrava, an office and apartment project and a rental project in Pilsen. A mixed-use rental project is also being prepared in Žilina and another rental project in an industrial area in Prešov, the company announced. 

Industrial parks built five or ten years ago are as good as new facilities in many respects. Constructed in prime suburban and well-connected locations, they continue to be upgraded. Most importantly, however, they offer ready-to-occupy and relatively competitively-priced warehouse space, says Michał Kozar, Associate, Industrial and Warehouse Department, Newmark Polska.

P3 has finalised the purchase of its third plot in Southern Poland. The acquisition is P3’s first investment in Upper Silesia, the second-largest warehouse market in the country.

Panattoni has leased out over 15,100 sqm to Chines e-commerce giant, JD International Logistics in its newly completed Panattoni Park Nadarzyn. The developer has also completed the process of the building’s certification in the BREAAM International New Construction system at the level “Excellent”. With a score of 78.4 percentage points the building has become the most ecological construction in Poland. The lease to JD.com was mediated by consultancy M4 Real Estate.

Swedish company Desenio Group set up a new distribution centre for European markets outside the Nordic region. For the centre, Desenio leased nearly 18,500 sqm in CTPark Bor. The transaction was assisted by Cushman & Wakefield.

Investment into the European logistics real estate market remained strong in Q1 2022 and experienced a y-o-y growth of 19.6%. The growth of 28% above the five years average has experienced the leased warehouse space. The biggest change occupiers anticipate as a result of the pandemic is the shortening, or reshoring, of supply chains to mitigate risk. Also, the war in Ukraine and China´s lockdowns has driven the demand to record levels, indicates Savills in their last European Logistics Outlook published today.