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.

Panattoni has sold its fully-leased Silesia East logistics park near Katowice in the south of Poland, to Palmira Polska Sp. z.o.o, the Polish subsidiary of Frankfurt-headquartered investor and asset manager Palmira Capital Partners. The 32,000 sqm Grade A complex is part of a major logistics hub around Katowice, the capital of the Silesia region, which borders the Czech Republic and Slovakia and lies at the heart of the industrial and manufacturing centre of Central and Eastern Europe. The parties agreed not to disclose the value of the transaction.

Panattoni proceeds with another development for Flex, a global supplier of equipment and technology. The lease agreement covered a total of 28,000 sqm at Panattoni Park Łódź A1, where the company will occupy both warehouse and office space. 

Logport Development and Invesco Real Estate have teamed up and, via a forward funding structure, committed to developing a 37,900 sqm Grade A last-mile logistics facility, Logport Prague West, strategically located adjacent to the Prague ring road. The transaction was mediated by Cushman & Wakefield. Logport Prague West, where construction started in September 2022, has already attracted the first tenants to move in during the summer of 2023. The entire commercial zone is scheduled for completion in Q1 2024.