ARTICLES LABELLED WITH TAG warehouse

Panattoni has completed a new build-to-own development for DHL Parcel. The new owner will be making use of a cross-docking centre with an area of almost 9,000 sqm, which the company acquired late last year. The development in Kostrzyn is yet another built-to-suit centre constructed by Panattoni for the DHL group and yet another in the Wielkopolska region.

Rohlig Suus Logistics has extended its lease agreement for 24,000 sqm at Prologis Park Piotrków. The lease extension was finalized with the support of Hubert Wojtera from the Axi Immo agency

MLP Group has published its 2022 performance figures. The Group’s Net Assets Value (NAV) went up 37%, to just under PLN 2.5 billion (€532.6 million). The value of its investment properties rose 31%, to more than PLN 4.4 billion (€945 million). Consolidated revenue improved 39% yoy, to PLN 279.1 million (€59.5 million), driven by an increase in leased area combined with higher rental rates. Rental income from investment properties increased by 31%, to PLN 152.9 million. At the same time, the Group’s EBITDA (without revaluation of investment properties) improved by 47%, to PLN 135.1 million (€28.8 million). Last year, MLP Group earned PLN 422.4 million (€90.1 million) in net profit.

GLP has completed the third building at Poznań Airport Logistics Centre in Poland. This is the final stage of the project, which offers a total of more than 81,000 sqm of warehouse and production space.

Cushman & Wakefield has been appointed by BIK S.A. to manage a property portfolio comprising four logistics parks. BIK S.A. is a Polish logistics developer owned by investment fund NREP NSF IV and supervised by Logicenters – the logistics platform of NREP. Cushman & Wakefield will provide integrated asset management solutions including financial and accounting services and ESG strategy execution advisory for Logistics Centre Kraków I, Logistics Centre Kraków II, BIK Park Sosnowiec II and BIK Park Wrocław I, with a combined leasable area of around 80,000 sqm.

The Polish warehousing market in 2022 remained in good condition. By the end of December 2022, more than 4.4 million sqm (+42% y/y) of new space was completed, corresponding with strong activity by tenants, who leased nearly 6.7 million sqm (-9 y/y). Another 3.4 million sqm is under construction (-25% y/y), which promises to surpass the 30 million sqm mark in 2023. The high absorption rate did not significantly affect the increase in the vacancy rate, keeping it at 4.1% (+0.2 bps y/y). The event of the year was undoubtedly the rising rental rates, which increased on average by 15-20% compared to previous years, according to Axi Immo's recent report.

Żabka Polska is preparing to open a new logistics centre in Małopole by Radzymin near Warsaw. It will be one of the largest and most innovative logistics centres in Europe. The launch of the new facility with an area of approximately 60,000 sqm is planned for the second quarter of 2023. Thanks to this investment, more than 600 people will find work in the region - employed directly by Żabka or in companies cooperating with it. 

GLP has been operating in Central Eastern Europe for nearly three years. In that time, it has doubled its portfolio in the region, with a total of nearly 2.5 million sqm of building assets currently under management in Poland, the Czech Republic, Slovakia and Hungary. The company is planning new ventures that will reinforce its position among the region’s leading logistics real estate investors, developers and managers.

Titanx Engine Cooling, a supplier of cooling systems for commercial vehicle manufacturers, is ramping up its production and distribution capacity at CTPark Opole in the Silesian region of southwest Poland by leasing an additional 27,000 sqm of space. The new capacity will help meet strong demand from customers in its key German, Polish and Czech markets.

7R has started construction of a new facility in Pomerania. 7R City Park Gdańsk Airport I will ultimately provide three halls with a total area of about 40,500 sqm. Pekabex is the general contractor for the project.