ARTICLES LABELLED WITH TAG logistics

Industrial and logistics developer VGP recorded a net profit of €203.8 million in the first half of 2021. VGP announced its financial and operational results for H1 2021.

AIA Group Limited has formed a strategic partnership with GLP to invest in the global logistics real estate industry and related opportunities.

MLP Group has released consolidated financial results for the first half of 2021, showing revenue of PLN 97.6m, up 16% year on year, and net profit of PLN 166.5m, up 38% year on year. Equity (net assets) rose 24% in the first six months of the year, to PLN 1.5bn, with gross investment property having advanced by 16%, to PLN 2.7bn.

Hungarian developer Infogroup has completed the latest building in its Eastern Hungarian industrial complex in the Polgári Industrial Park, which it also operates.  The 4,500 sqm industrial/logistics hall is an extension to an existing 27,000 sqm project in the park.

Austrian company Karimpol Group officially launched the construction of the Squarebizz Bory project in Bratislava which will include retail, storage and office space. Peter Šmitala, Project Manager at Karimpol Slovakia talked to Property Forum about the project and the company’s future plans.

Panattoni has started the development of Panattoni Park Rzeszów Airport II, including an 11,300 sqm BTS project, which is being constructed for US firm BorgWarner. This US-stock exchange listed company produces vehicle powertrains and exhaust system subassemblies. The tenant is to start setting up its assembly lines before the end of the year, with the entire building to be handed over in February 2022.

At the end of Q2 2021, developers were working on projects set to increase Poland’s stock of modern space by more than 3.3 million sqm. This represents a result not previously recorded for a single quarter as there is c.a. 34% more under construction than in the previous quarter

Leasing activity in the Romanian industrial and logistics market was up 21% to 360,000 sqm in the first half compared to the same period of last year, driven by relocations and the closing of new contracts, according to a report by real estate consultancy Cushman & Wakefield Echinox. 

Poland-based warehouse and industrial developer MDC² has acquired a new development site that will accommodate a warehouse and logistics project in the Upper Silesia region, located in Gliwice at the intersection of the A1 and A4 motorways. MDC² Park Gliwice will comprise 52,000 sqm of modern and environmentally sustainable warehouse and logistics space.

Czech investor Arete Group’s third fund, focused on quality industrial and logistics assets in the CEE region, completed the acquisition of a production and storage facility near Beroun, 20 km from Prague. This is the acquisition of a complex used for the production and storage of the Czech company Hronovský s.r.o., which was founded in 1990 and is one of the leaders in the field of cable assembly production, machining on CNC machines, pressing of plastic components and assembly of mechatronic components. The financial volume of the transaction exceeded almost €10 million.