ARTICLES LABELLED WITH TAG warehouse

Swiss Pillar Investments Europe SARL, part of the Swiss Reinsurance Company, has applied to the Polish competition authorities to acquire five warehouse facilities from AEW in Poland.

In 2019, the Polish warehouse and industrial market witnessed a record supply amid an unwavering occupier demand despite the earlier fears of an economic slowdown, says real estate advisory firm Savills. Demand continues to be driven, among other factors, by e-commerce.

7R has finalized the sale of the 7R City Flex Łódź I warehouse located in Łódź, Poland to SELP (Segro European Logistics Partnership). This is the third 7R project, following 7R City Flex Łódź II and 7R Park Wrocław, to join the Polish portfolio managed by Segro.

7R is the first warehouse developer in Poland to create an innovative eco-friendly warehouse – 7R Green. The company's main goal is to provide facilities in which ecological solutions will help minimize their impact on the natural environment. Construction of the first warehouse, designed in keeping with the new green concept, will start in the first half of the year.

Element Industrial has completed the first phase of the Eli Park 1 logistics park in Chitila, northwest of Bucharest. The 20,000 sqm warehouse is leased to appliance producer Arctic, part of Turkish group Arcelik.

Panattoni Europe has built a facility for Amazon in Gliwice of record-breaking size and functionality. The project, featuring in excess of 210,000 sqm and four storeys, is the company’s largest building in the country and has been fitted out with advanced Amazon Robotics technology.

Chris Zeuner has been appointed a Non-Executive Director at 7R - one of Poland’s most active and fastest-growing logistics and warehouse developers. His expertise and strong pan-European experience will support 7R’s ambitious development targets and the company’s growth strategy for the upcoming years.

Prologis has signed one of the largest leasing transactions in Europe this year. Long-term partner EURO-net will lease 160,000 square meters at Prologis Park Janki.

Aberdeen Standard European Logistics Income PLC has exchanged contracts to acquire a newly built fully income-producing logistics warehouse in Warsaw, Poland, for a purchase price of €27.5 million providing a net initial yield of 5.64%. The agreement is with developer Panattoni Development Europe and Marvipol Logistics. Completion of the acquisition is currently scheduled for later in the month.

Panattoni Europe embarks on a new project near the Tricity Airport – Panattoni Park Gdańsk Airport. The distribution centre with close to 107,000 sqm has already got a stamp of approval from BBK S.A. – 68,500 sqm of the facility will be used as a multifunctional warehouse for home&you, a leading brand of interior furnishing articles. Completion of construction works is planned for mid-2020.