ARTICLES LABELLED WITH TAG warehouse

In 2022, the industrial market remained one of the fastest-growing real estate sectors in Poland despite supply chain disruptions that sent rents and construction costs rising. 2023 is shaping up to be a year of buzzwords such as nearshoring, reshoring and friendshoring, with the biggest challenges being cost optimization and looking for savings, says Jakub Kurek, Head of Industrial and Warehouse at Newmark Polska.

MDC2 has appointed Martin Healey, a senior global property executive, to its Board. He is a senior international real estate investment professional with almost 25 years of experience. Martin is the Managing Director of Real Assets, and a member of the Global Leadership Team of CPP Investments, a global investment management organization.

Panattoni proceeds with another development for Flex, a global supplier of equipment and technology. The lease agreement covered a total of 28,000 sqm at Panattoni Park Łódź A1, where the company will occupy both warehouse and office space. 

From the warehouse developers' perspective, 2023 will be marked by very well-thought-out purchases. With the costs of financing constantly rising, construction costs changing, and investors pressing for discounts on the existing warehouse market, the land market will be the first to feel this accumulated pressure, says Bartłomiej Krzyżak, Senior Director, Investment at Avison Young.

According to Savills, investment into industrial assets in Europe has continued to reflect the strong performance of the sector’s occupational market. European investment volumes into industrial real estate assets totalled €42 billion over the first three quarters of 2022, an increase of 2% YoY and 50% above the five-year average. Investment volumes in Portugal (595%), Belgium (124%) and Italy (93%) outperformed their five-year averages by the widest margins.

Logistics company Uniq Logistic is moving into the Reino IO Łódź warehouse on Ofiar Terroryzmu Avenue in Widzew. The tenant will occupy more than 12,000 sqm of warehouse space. Uniq Logistic was represented in the negotiation process by Axi Immo.

DHL Supply Chain has developed a carbon-neutral real estate portfolio of 400,000 sqm to support customers' growth requirements across six European Tier 1 markets. 

Despite the still-uncertain geopolitical situation over Poland's southeastern border, the performance of the warehousing sector in the investment and leasing markets gives grounds for optimism. Demand in Q3 2022 amounted to 1.6 million sqm (+11% y/y), indicating that companies are still interested in acquiring new space for development. On the supply side, on the other hand, the new policy of investment financing by banks in the coming quarters will bring the announced cooling down in the construction of new projects. This trend may particularly affect speculatively built warehouses, which at the end of September 2022 accounted for about 52% of the 4 million sqm of space currently under construction. Axi Immo presented data summarizing Q3 2022 in the industrial and logistics market.

Warsaw II is a complex of buildings that the company is acquiring as part of the implementation of the Logistics Network Architecture strategic project. The halls will be ready at the end of 2023. Panattoni will deliver the facility.

According to a report prepared by Newmark Polska, at the end of the third quarter, Poland’s total warehouse and industrial stock reached almost 27.4 million sqm, representing a 19.3% increase year-on-year. New supply in the year to date exceeded 3.58 million sqm, up by 15.6% compared to 2021’s total.