Peakside Capital Advisors has selected a general contractor for phase 1 redevelopment of the City Point Targówek urban logistics park. The contract will be executed on an EPC basis by Kajima Poland. Phase 1 demolition work is currently in progress. Ultimately City Point Targówek is to provide nearly 100,000 sqm of warehouse and office space, meeting the highest standards in sustainability. Handover of the first building to tenants is expected to take place by the end of this year.

Patron Capital, the pan-European institutional investor focused on property-backed investments, in partnership with 7R, a developer specializing in the construction of warehouses have announced the sale of an approximately 30,000 sqm logistics asset in Goleniów, Poland to an undisclosed institutional investor for €22 million. 

The airport operator company (BA) recovered 75% of its pre-COVID passenger traffic, now extends its cargo complex and prepares for a new terminal building.

Panattoni has started a new development in the Łódź region: Panattoni Park Łódź South II, which will eventually comprise an area of 57,000 sqm. The centre is to be located near the junction on the A1 motorway that joins with national road 12. 

7R has leased the entire space in the first stage of 7R Park Bydgoszcz. Thus, the complex is being prepared for expansion.

Trigea nemovitostní fond has acquired City Logistics Wrocław II, an urban logistics park developed and managed by Panattoni. The asset is the second city logistics investment in Poland in Trigea’s portfolio. The parties agreed not to disclose the value of the transaction.

The total value of properties divested in 2022 by 7R totalled more than €430 million. This is historically a record year for the developer.

Panattoni has purchased just under 35 hectares of land and is to start construction work as soon as February this year. Panattoni Park Poznań A2 is to have a build-out area of almost 150,000 sqm. The development is to be situated near a junction on the A2, where the motorway crosses the S11 expressway. One building with an area of 82,000 sqm is to be occupied by a giant of the clothing industry while the remaining 62,000 sqm is being developed speculatively.

Saying goodbye to 2022 means welcoming a year of uncertainty for the fourth time in a row. Two pandemic years, war in Ukraine, historically high inflation and the upcoming spectre of recession have forced the Polish investment market to cope with tough times, says Avison Young Poland

The developer has already leased out around 58,000 sqm of the total 61,000 sqm of Panattoni Park Poznań West Gate. DFDS, a company that offers comprehensive transport and logistics services across the whole of Europe, is to use almost 10,500 sqm.