ARTICLES LABELLED WITH TAG warehouse

Blackbrook Capital, a European independent real estate investment firm focusing on mission-critical supply chain assets, announced the funding for the development of a 45,000 sqm Class-A logistics facility in Western Poland.

GLP has launched the development of two new warehousing projects in Poland: the third phase of construction at Poznań Airport Logistics Centre and the first building of Warsaw V Logistics Centre.

Accolade expands in Bydgoszcz, ultimately investing over €200 million in four modern warehouse parks, with a total area of over 240,000 sqm. At the same time, the investor is launching a new, €40 million project in nearby Piła. 

Within a month, BSH, the largest producer of home appliances in Europe, will be using over 12,000 sqm within Panattoni Park Business Center Łódź III. The building will be used for storing tumble dryer components. This far Panattoni has delivered three developments with a combined area of around 150,000 sqm for BSH. Moreover, as part of the CEL Hub, the developer has delivered Appliance Park for component suppliers that serve the BSH factory. 

Arrow Capital Partners, the specialist investor, developer and manager of real estate in Europe and Asia-Pacific, has acquired the Ożarów Logistics Centre in Poland from CBRE Investment Management for its Strategic Industrial Real Estate (SIRE) joint venture with Cerberus. The price has not been disclosed. Burlington Real Estate acted for Arrow.

Real estate advisory firm Savills anticipates that some of the immediate knock-on effects of the war in Ukraine on the Polish logistics market will include sustained demand for new warehouse projects amid construction difficulties and a prospect of rental growth in ready-to-occupy facilities.

Panattoni has just completed its fifth project for K-Flex in Uniejów in central Poland. In March, the developer also signed a new contract for the development of an extension of K-Flex’s production campus. This will be its sixth building and is to have an area of 33,000 sqm. The total area of K-Flex’s facilities in Uniejów will thus reach 100,000 sqm. This will allow the company, a leading producer of thermal and acoustic insulation materials, to service the growing needs of its construction clients in Europe, Asia and the USA.

Three new tenants have leased space in Panattoni Park Toruń II: global logistics operators Dachser and Hellmann Worldwide Logistics Polska as well as a wholesale distributor of FMCG products. The companies will be moving into the complex in Q3 this year. Panattoni has now delivered more than 300,000 sqm in the region.

Develia has signed a letter of intent on a joint venture with Hillwood Polska regarding the intention to jointly invest on a property located in Malina near Wrocław, involving the construction of a logistics centre with an area of ​​at least 400,000 sqm of GLA. The estimated value of the entire project will exceed PLN 1.5 billion.

In 2021, Poland's warehouse market recorded another outstanding result. The seven most important highlights included a record-breaking volume of investment transactions, take-up, and space under construction. The total industrial stock at the end of December 2021 amounted to more than 25 million sqm, with the vacancy rate indicating only 3.72%.