GLP, a leading investor and developer of logistics warehouses and distribution parks, has signed a long-term lease agreement with online retailer Alza.hu for a 22,000 sqm warehouse at Sziget Logistics Centre, Hungary. Construction is already in progress, and the building is due to be finalized in Q3 2022.

A new logistics park will be built in Ziar nad Hronom in central Slovakia by autumn 2023. The developer Contera will construct it here for € 22 million. The first big tenant is already assured too, it will be the electronics wholesaler Fast Plus, writes logistikadnes.sk. 

Panattoni is planning to deliver a complex of almost 70,000 sqm just 10 km from the centre of the city. A leading provider of modern logistics services in Poland is its first tenant, leasing around 9,000 sqm.

Cushman & Wakefield’s latest DNA of Real Estate research, covering trends in prime rents and yields across Europe, highlights further strengthening in leasing and investment markets in the first quarter of 2022 as economies fully reopen from the pandemic.

Maersk, one of the global transport and logistics leaders, has joined the group of tenants at 7R Park Łódź East I. The company will use 18,500 sqm of modern logistics and warehouse space with office facilities. Maersk will start its operations at 7R Park Łódź East I in June.

David Ebbrell, CEO and Mirta Ceranac Poljak, Managing Director for Croatia at M7 Real Estate talked to Property Forum at MIPIM about investment strategy, economic challenges and opportunities for sustainable growth.

JLL is expanding its leadership in the Czech Republic. As of 9 May 2022, it has a new Director of Industrial and Logistics Agency in the Czech Republic.

Inflation is putting pressure on developers to increase rents. Luckily, in some markets, such as the Czech logistics market, buoyant demand is helping drive rental growth. Jakub Kodr, Head of Business Development at CTP Czech Republic talked to Property Forum about the company’s expansion plans, dealing with inflation and changing demand dynamics.

The entire development cost of logistics projects is increasing substantially and it will continue to do so, says Robert Dobrzycki, CEO & Co-Owner of Panattoni. He talked to Property Forum at MIPIM about uncertainties and the dynamic growth of the logistics sector in CEE.

Geopolitical tensions hurt demand for commercial property, appetite for property development, financing conditions and property investment decisions over the short run, the Hungarian National Bank (MNB) reports.