The seller of plumbing supplies has leased more than 23,000 sqm at the MLP Poznań West logistics park. Once completed and BREEAM certified, the facility will be handed over to Bevo in November this year. The transaction was completed through BNP Paribas Real Estate, an advisory firm.

Leasing volumes in the Romanian industrial and logistics market rose by 50% to 542,000 sqm compared to the same period of last year, with more than half of the activity being generated around Bucharest.

Panattoni has marked its debut in Asian markets with the opening of its first operational headquarters in India located in Bengaluru, the capital and largest city in the southwest state of Karnataka. Panattoni India is led by Managing Director, Sandeep Chanda, formerly head of strategy & acquisitions at Embassy Industrial Parks.

Romania’s modern industrial and logistics facilities stock reached 5.6 million sqm at the end of 2021, which represents the third largest industrial and logistics market among 15 of the biggest economies in Central and Eastern Europe (CEE). 

Lidl Polska, one of the largest retail chains in the country, will become one of the tenants of 7R Park Poznań West this August. The company will use nearly 10,900 sqm of modern warehouse and office space.

More than 600,000 sqm of warehouse space is under construction in Lower Silesia. Of that total, nearly two-thirds are being built in Wrocław and its suburbs. Demand for new warehouses in the region comes mainly from e-commerce and 3PL, according to Newmark Polska.

Panattoni has started construction of a speculative 17,300 sqm last-mile logistics warehouse project in Törökbálint, about 12 kilometres from Budapest's city centre. The launch of Panattoni Park Budapest City West follows the company’s market debut in Hungary in 2021 with the acquisition of two land sites totalling 100,000 sqm near the capital.

Panattoni is developing its latest project tailored for a global brand. A leading global logistics company is to operate on 32,000 sqm of the BTO facility, which is being built in Robakowo near Poznań. Construction work started in May, and in late 2022 or early 2023, the client will gain access to the property. Over 20,000 sqm of the space is designated for the automatic sorting of parcels. The project is to be BREEAM certified and will feature, among others, a 900 kWp solar farm and a heat pump.

Garbe Industrial Real Estate GmbH raised approximately €400 million in equity among German and international investors for its investment fund, “Garbe Logistics Real Estate Fund Plus III” (GLIF+III). The Luxembourg special AIF (SICAV-RAIF) without maturity is an Article-8 fund with a manage-to-ESG strategy. With a planned investment volume of €5 billion, it is Garbe’s largest pan-European fund for institutional investors to date.

SEGRO has leased 10,500 sqm space to Vilmorin Garden in a new facility in SEGRO Logistics Park Poznań, Komorniki, commissioned in 2021.