ARTICLES LABELLED WITH TAG logistics

Jet Industrial Lease has bought a 54,000 sqm portfolio of five industrial buildings in Poland from Vestinlog, part of the KKCG group. The value of the transaction has not been disclosed.

US-based Mega Company has successfully secured a €20.6 million loan facility for Mega Distribution Center, a 45,000 sqm logistic park located in Bucharest. 

Panattoni has secured another major lease for its new project, Panattoni Park Wrocław XIII. LX Pantos, one of the largest logistics operators in Korea and Southeast Asia, will occupy as much as 43,500 sqm in the new park – more than three times as much as it originally planned.

The former Prologis Park Ziar in Žiar nad Hronom, located in Slovakia’s Banská Bystrica region, has been acquired by Tatra Asset Management. CBRE Slovakia and Ružička and Partners s. r. o. represented Prologis in the transaction.

The multimodal complex next to Brno Airport, jointly developed by Brno Airport, belonging to the Accolade Group, and developer Panattoni, is now fully leased. Tenants such as Coca Cola, DHL or Zásilkovna are now joined by major companies s Erba Lachema from the Erba Group, Noviko and Reda.

Panattoni is creating an alternative warehousing location to Łódź in Central Poland with the development of Panattoni Park Koluszki. The park is around 30 km from the administrative capital of the region and will eventually comprise around 40,000 sqm. Already around 60% of the space has been leased. The first tenant is cat and dog food producer PetRepublic, which moved into an area of 12,000 sqm in November this year. In the third quarter of 2022, Panattoni is to hand over around 13,400 sqm to automotive companies.

Warehouse developer LCube has completed the commercialisation of the first stage of Logistic Park Rzeszów, based at Rzeszów Jasionka International Airport. REN Group, Poland’s major food products distributor for the last 25 years, has recently been joined by Cocolita, an online cosmetics and beauty shop. The commercialisation of the facility, whose surface area totals 5.7 thousand square metres, was completed before the official project acceptance of the investment, scheduled for December.

Autodoc, an online retailer for vehicle parts and accessories, has chosen Panattoni Park Cheb South, which is being built jointly by developer Panattoni for investment group Accolade, for its expansion into the Czech market. The 31,500 sqm automated distribution centre expand on a building which was the first project in the Czech Republic to be awarded an ‘Outstanding’ sustainability rating and a record score of 90.68% according to the BREEAM global sustainability certification.

According to the latest report by Savills, the record take-up levels and no speculative completions caused the vacancy rate on the Czech industrial space market to plummet 70 bps to a new low of 1.75%, one of the sharpest quarterly declines observed in the market in the last five years. The total volume of modern industrial space available for lease across the country fell from 226,700 sqm in June to 165,000 sqm in September.

The Polish warehouse market continues to power ahead, reveals the latest report from real estate advisory firm Savills. The development pipeline is historically high and take-up activity is on track for another record year. Leased buildings are being targeted by investors from all over the world. After the first three quarters, the logistics sector accounts for close to half of the total investment volume in Poland.