ARTICLES LABELLED WITH TAG logistics

The growth of intermodal connections along the New Silk Road and the Baltic-Adriatic Corridor is creating many new opportunities for warehouse developers in Poland. Upgrade works are continuing apace on the railway lines in Małaszewicze, Bydgoszcz and Pomerania, according to Cresa Poland.

Euronics, an electronics and appliances retailer, has signed a contract for nearly 28.000 sqm of warehouse space in CTP's CTPark Budapest East industrial park in Üllő, Hungary. Euronics will develop a fully automated warehouse right next to Lenovo's first European factory. The building is scheduled to start operations in early 2022.

The Arete Investment and Real Estate Group signed an agreement with Raiffeisenbank to draw a €30 million umbrella credit line. The funds will be used to accelerate the growth of the Arete Industrial SICAV fund's portfolio through prepared acquisitions and new construction of industrial real estate while maintaining a safe and conservative LTV ratio.

Panattoni has launched work on its 21st park in Lower Silesia. The developer has started the construction of Panattoni Park Wrocław S8 South, which is to have an area of 18,000 sqm. The investment has already attracted its first tenant from the logistics sector, which will occupy more than 4,600 sqm. The facility is to be completed this year, in Nowa Wieś Wrocławska, close to the Wrocław Południe junction between the A4 motorway and the S8, providing an connection with the main logistics centres across Poland and Europe.

Griffin Real Estate and Madison International Realty announced a joint venture for their two first investments together in Germany. With Griffin’s development partner, Panattoni, the firms will develop two build-to-suit properties, with footprint area of over 7,000 sqm and 9,100 sqm respectively, that have been leased to Amazon on a 15-year lease with combined investment volume over €80 million.

Speedwell, in cooperation with Belgian partner LCV, launches SpacePlus, its first project on the industrial market. SpacePlus comes with units for light industrial and/or logistical usage, addressing corporate tenants that are searching for standardized storage or production units, flexibility in configuration and various additional services/features. The first location is in north-western Bucharest, with direct access from the ring road and close to the exit towards the A1 highway on the one hand, and easy access to and from the city centre of Bucharest via Sos. Chitilei or Blvd. Iuliu Maniu, on the other.

Nordic investor NREP has recently made headlines by entering the Polish market with the acquisition of a 130,000 sqm logistics portfolio and over 1,000 apartments. Stefan Wallander, Chief Business Officer of NREP talked to Property Forum about their entry into the local market, rising apartment prices and sustainability commitment.

Logicor has completed the construction of a dedicated logistics facility, which will be one of the distribution centers for medicinal products and derivatives on the hospital and pharmaceutical market. The investment with an area of ​​17,960 sqm was established in the Pass Industrial Zone in Błonie near Warsaw. It was implemented in accordance with the BREEAM Very Good standard and with the use of many additional ecological solutions.  

M7 Real Estate, acting on behalf of M7 CEREF II, acquired a city warehouse in Poznań from a private individual. Avison Young's investment team introduced the property and represented the buyer.

CTP has provided tailor-made logistics space to international technology and services provider Bosch. The company has leased a distribution centre in one of the largest industrial parks in the Czech Republic. Bosch will move its operations from the Netherlands to CTPark Bor in Western Bohemia, where it will have over 15,000 sqm of lettable area.