The current level of buying activity on the warehouse market shows that lands for warehouse and industrial projects remain in high demand. It is being driven by several overlapping phenomena originating in a range of market sectors. What plots are attracting the strongest investor interest? What regions are being targeted and why? Cushman & Wakefield is looking for an answer.
Penta Investments group has sold a building plot of 6,500 square meters in Warsaw for almost €25 million. The plot in the Wola district was bought by Lincoln Property Company together with the investment group ENERN. They plan to build an office building with 30,000 meters of leasable area on a plot with the availability of public transport.
Panattoni is demolishing the cement plant in Nowa Huta, where City Logistics Kraków I Is to be built with an area of 36,500 sqm. Additionally, a park is to be built in the centre of Konin on the site of a former grain elevator. Brownfield developments now comprise over 10% of all of Panattoni's projects and this proportion is very quickly rising.
COS, the office fit-out supplier, has leased 3,000 sqm in the Miro project, in northern Bucharest. All of the company’s employees will start working in the new offices next summer. Part of the space will host a showroom. The building is developed by Speedwell.
Recovery clinic Empatio București has leased 200 sqm in The Eminescu Offices project located in central Bucharest. The opening of the clinic is scheduled for April 2022. The office building is developed by Akcent Development and managed by Cushman & Wakefield Echinox.
SIG, a supplier of building products on the Polish market has decided to relocate its branch. It leased 2,067 sqm of warehouse and office space in City Logistics Katowice. The tenant was represented in the negotiation process by real estate advisory firm Cresa Poland.
New appointments
BNP Paribas Real Estate Poland strengthens its Capital Markets department. Bartłomiej Sutkowski, a highly valued expert with almost 15 years of experience within the real estate industry will be its new Associate DIrector.
MDC2 COO and co-founder Jeremy Cordery was recently appointed as a Board Member of the company’s Board of Directors and will be an active member of the following committees: ESG, IC and Audit & Risk.
Avison Young announced Karolina Pruchniewska’s promotion to the role of Communications Manager CEE. Based in Poland, Karolina will be responsible for enhancing brand awareness of the company in Central and Eastern Europe, supporting Avison Young in Bulgaria, the Czech Republic, Hungary and Romania also regarding internal communication within the firm. She will also be still managing marketing & PR activities of the Polish branch of Avison Young.
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