Demolition works are now beginning on the site of the City Point Targówek redevelopment project in Warsaw. The existing buildings will be removed and replaced with a multi-tenant logistics complex. Once completed, the park will offer nearly 100,000 sqm of modern warehousing and office space. The first completed buildings will be delivered to tenants in the third quarter of 2023.

Panattoni has completed another development in Lower Silesia in Poland. On October 25th in Głogów, the opening ceremony took place for a development for FM Logistic. The logistics operator is now to serve the e-commerce operations of Maxi Zoo, a leading pet store chain owned by the Fressnapf Group.

Develia has signed a joint venture agreement with Hillwood. As part of the agreement, a special-purpose vehicle will be created to develop a logistics park with a minimum area of 400,000 sqm GLA on a property located in Malin near Wrocław. The estimated value of the entire project will exceed PLN 1.5 billion.

Union Investment has acquired a new logistics building in the Polish town of Września, around 50 km east of Poznań. The acquisition will be added to the holdings of institutional fund UII Garbe Logistik Fonds. The seller is Netherlands-based online retailer vidaXL. The parties have agreed not to disclose the purchase price.

In Q3 2022, the speculative industrial stock in Greater Budapest was expanded by eight buildings, a total of 145,390 sqm, while four new buildings were handed over in Regional Hungary, with a total of 33,380 sqm, Budapest Research Forum (BRF) reports.

ECE expands its activities in the development of logistics properties to the international market and realizes a logistics project in Poland for the first time.

Czech pharmacy chain Dr Max has leased 14,000 sqm in the latest stage of DL Invest Park Teresin. The warehouse complex is developed about 45 km west of Warsaw.

GLP has acquired a 60,000 sqm logistics centre in Bieruń from SPM. The seller will lease the building back for another ten years.

VGP, the European company that develops, manages and owns high-quality logistics and semi-industrial real estate, has handed over a 10,000 sqm warehouse building to Boxy Logisztikai Zrt. 

Panattoni has begun building work on Panattoni Park Szczecin IV, which is to comprise 40,000 sqm. The project’s space has already been leased out to a furniture company from the TSL sector.