Annual total leasing activity on the Budapest industrial property market equated to 353,220 sq m in 2015, which was just slightly (5.5%) below the 2014 record volume. The vacancy rate declined 5 percentage points during the year, bottoming out at 10.6% at the end of 2015.

Both the development and take-up of industrial parks in Central Europe is continuing and slightly accelerating in comparison with last year, according to research from Cushman & Wakefield. The appetite for investing in commercial properties is also increasing, with a shortage on the supply side making buyers willing to pay more. This trend is most obvious for logistic and production facilities. Cushman & Wakefield’s report covers Poland, Czech Republic, Hungary, Slovakia and Romania.

Industrial real estate company Prologis has announced the signing of two lease extensions totalling more than 26,000 square metres and an 8,000-sqm area expansion in its parks in the Prague region.

Prologis, announced its results for the first half of 2015 in Central and Eastern Europe (CEE). H1 saw over 900,000 square metres leased 97,000 square metres acquired, 97,500 square metres under construction and 130,000 square metres completed.

Prologis has announced on Tuesday the signing of a 118,000 square meter build-to-suit (BTS) agreement together with BMW Group in the Landshut region of Bavaria.

Prologis has announced its first quarter 2015 business activity in Central and Eastern Europe (CEE) on Thursday. The first three month of the year saw the acquisition of a logistics park in Hungary and the start of two speculative developments in Poland.

Prologis, the global leader in industrial real estate, today announced it has broken ground on a speculative facility totalling 18,500 square metres at Prologis Park Wroclaw V. Construction is scheduled for completion in the third quarter of 2015.

Prologis, Inc., the global leader in industrial real estate, has on Thursday announced the opening of a 30,000 square metre speculative distribution facility at Prologis Park Prague-Airport.