CTP has started construction on three new business parks in Poland totalling more than 215,000 sqm of leasable space. The new parks in Łódź, Częstochowa and Bydgoszcz reflect CTP’s entry into new regional markets in Poland.

Panattoni has received its second loan from Alior Bank. This time, the developer was granted financing of almost €6.5 million to build a BTS project for Air Spiralo – a manufacturer of ventilation systems. 

Real estate advisory firms and the Polish Investment and Trade Agency (PAIH) expect Poland to relocate substantial manufacturing operations from Asia. Many nearshoring projects have already been launched, but such processes are very time-consuming and require complex preparations.

The Hungarian subsidiary of Panattoni Group has agreed to build a 32,000 sqm logistics centre for a large retail operator in a BTS project. The new facility will be built in the suburbs of Budapest and is scheduled to open in September 2025.

Apart from the Northeastern part of Hungary, home of many developments of Infogroup, Southern counties also have huge industrial potential which should be materialised, says Ádám Székely, Managing Director of Infogroup. Property Forum asked him about the ways and risks of warehouse and logistics developments in the country.

The global provider of logistics and relocation services has renewed its lease for space at the MLP Pruszków II logistics park for another term. Universal Express moved into the logistics centre almost a decade ago, and now occupies 13,600 sqm of modern space.

7R has obtained a development loan for the 7R City Flex Katowice I project. The financing of €15.5 million was provided by mBank.

MLP Group is investing to develop a new logistics centre within the Katowice Special Economic Zone. The upcoming MLP Bieruń West, situated on recently acquired land, is set to provide approximately 55,000 sqm of cutting-edge warehouse space. It will be yet another logistics centre operating in the highly sought-after region of Upper Silesia. In line with the property developer’s standard, the project will undergo the BREEAM New Construction certification of ‘Excellent’.

CTP has signed a 10-year lease for 21,000 sqm at CTPark Gdańsk Port with major Polish cargo operator Morska Agencja Gdynia (MAG).

The Polish industrial and logistics market is transitional between economic shifts. Demand for warehouse space declined primarily in the first half of 2023, with a resurgence in Q3, resulting in aggregate demand for the first three quarters of this year of 3.75 million sqm (-25% y/y, Q1-Q3 2022). Higher investment financing costs are affecting the volume of space under construction, with developers developing 2.5 million sqm at the end of September 2023 (-36% y/y). It also impacts the volume of space delivered, which amounted to 3.12 million sqm from January to the end of September (-13% y/y Q1-Q3 2022), says Axi Immo.