MAN Truck & Bus Center, located in Małopole near Warsaw, has been sold by 7R to Interpierre Europe Centrale fund, managed by PAREF Gestion, part of PAREF Group, a global investment and asset management company. The seller was represented by Avison Young's investment team throughout the transaction.

The Kellogg Company, a producer of ready-to-eat cereals and snacks, has renegotiated its existing lease agreement and expanded its warehouse footprint in Kutno to 28,000 sqm. The tenant was represented by Cresa. The developer of the facility is Panattoni, which specializes in BTS projects.

The modern stock of industrial space in Romania will reach approximately 5,5 million sqm this year, according to CBRE Romania.  At the national level, approximately 400,000 sqm of industrial spaces are currently under construction, an area of ​​over 60% being already pre-leased

GLP announced today that its new Warsaw II Logistics Centre has received its occupancy permit and leased a 6,000 sqm unit to Omida Group, one of the most recognisable TSL brands in Poland.

2020 was a landmark year for the warehouse industry, which in the face of the global pandemic turned out to be one of the strongest branches of the Polish economy. Summaries for last year show that Poland was the number two European market (after Germany) for commissioning warehouse space, as well as number three on the continent for leased space. 7R, the only Polish industrial and warehouse developer to be in the Polish sector’s top three, summarizes its results for 2020.

Two new industrial buildings with a total area of 38,000 sqm are planned to be built in Bialystok. With a total investment of more than €33 million Accolade continues to develop its portfolio in Eastern Poland. The first tenant of the Class A warehouse will be InPost, a Polish-based complex logistics operator. Building A, which will be built during the first phase of the project, will be handed over to the tenant in September.

Investors and developers from all over the world are in a race for a slice of Poland's rapidly-developing warehouse market cake. Property Forum takes a look at the new and expanding players that have made headlines in recent months.

Part of the Glamox Group, ES-SYSTEM, a producer and supplier of professional lighting systems, has decided to let nearly 11,500 sqm of modern warehouse and office space in the 7R Park Poznań East logistics centre. The tenant was represented in the negotiation process by AXI IMMO consultants.  

The Jumbo toy retailer invests €35 million in its first warehouse in Romania, Profit.ro announced.

Panattoni is to deliver a dedicated facility for TJX Europe - the owner of the TK Maxx brand and a leading off-price clothing and homeware retailer. The 61,135 sqm distribution centre will be located in Sulechów, Western Poland. This facility will help to supply products to TK Maxx shops in Poland, Germany, Austria and the Netherlands. Real estate advisory firm Cresa represented TJX Europe in the transaction.