International Industrial Properties (IIProp), a logistics platform focused on investing in industrial and logistics space, owned by Madison International Realty and Griffin Capital Partners, sold a single-let logistics property in Germany. This is the company's second transaction in Germany, following its first portfolio sale in June 2022.

Panattoni Hungary has officially opened its first logistics centre near Budapest. Panattoni City Dock Törökbálint offers 17,000 sqm of modern industrial space in four buildings. The value of the investment has not been disclosed.  

The Hungarian branch of the global developer Panattoni is going to build a 64,000 sqm logistics complex near the Budapest Liszt Ferenc International Airport at the junction of the M0/M5 motorways. The facility, planned to be delivered in two phases is scheduled to open next year.

Panattoni has finalized the sale of a 33,000 sqm logistics centre in Uniejów, developed on a build-to-suit (BTS) basis. LCN Capital Partners has acquired its fourth facility within the K-Flex manufacturing campus from Panattoni. The price has not been disclosed.

According to a report by Newmark Polska, development activity across the EU continued unabated, with more than 20 million sqm of modern warehouse and industrial space coming onto the market in 2022. Poland topped the league table with close to 4.4 million sqm. Germany and the Czech Republic also reported high supply levels: over 2 million sqm and 1.1 million sqm, respectively. Poland is also on the podium in terms of demand.

Panattoni has been granted financing for Panattoni Park Lublin II with an area of around 84,000 sqm. The €48 million loan was granted by Bank Pekao SA.

7R completed the expansion of 7R Park Kielce halls. The current tenant, myBOX Logistics, leased additional space and will thus occupy over 30 800 sqm in the project.

The developer has launched construction work on Panattoni Park Tricity East III, which on completion will comprise 44,300 sqm, of which 33,600 sqm has already been leased.

As part of its large-scale development series, Raben Group has opened its new industrial facility in Dunaharaszti, a rapidly developing logistics destination near Budapest. The total value of the project is approximately €7.5 million.

MLP Group has received an Excellent rating as part of the BREEAM International New Construction Version 6.0 Shell and core assessment for two buildings at the MLP Czeladź logistics centre.