ARTICLES LABELLED WITH TAG industrial

Wrocław Business Park has been acquired by Panattoni from Aviva Investors, the global asset management business of Aviva plc. The seller was represented by the Avison Young investment team throughout the transaction.

Panattoni is developing another modern and ecologically sustainable cross-docking terminal for DB Schenker. The 6,000 sqm centre is to be built within the Rzeszów-Dworzysko Science and Technology Park. It will be equipped with a range of solutions to protect the environment as well as intelligent systems to optimise logistic operations. The developer is to hand the centre over in January 2021 and the development has already been accredited as an innovative centre by the Rzeszów Regional Development Agency.

Global logistics company Hellmann Worldwide Logistics is strengthening its position in the Czech Republic. At one of the largest industrial parks in the country, CTPark Bor, the company is expanding its total warehouse space. Besides the existing 20,000 sqm site that Hellmann currently operates, an additional area of almost 12,000 sqm will be added by the end of the year. Hellmann uses the CTPark Bor for worldwide distribution but with a strong focus on the German market.

CTP has acquired 95,000 sqm of buildings from Australian company Cromwell Property Group, representing the largest transaction on the Romanian logistics market in 2020.  With this acquisition, the company expands CTPark Bucharest, thus reaching over 500,000 sqm of rentable space, occupied by over 100 customers. This acquisition aligns with CTP's strategy to create business communities and parks with complex infrastructure, thus supporting residents' businesses.

Arcadis, an international consultancy company focused on building industry, environment and sustainable growth, summarised the current development on the Czech industrial property market in the context of the second wave of coronavirus pandemic.

Total modern warehouse stock in Poland exceeded 20 million sqm in Q3, with a further 1.5 million sqm currently underway despite the pandemic. Occupier activity was at the second-highest level on record in Q3 2020, reaching 1.22 million sqm (+49% y/y). Overall, 3.5 million sqm has been leased since the start of the year. Investor sentiment also remains robust, as testified by a record volume of transactions signed so far in 2020. Axi Immo presented its report on the Polish warehouse market in Q3 2020.

The Romanian logistics market will have a record demand by the end of 2020, with a transactional volume exceeding the 700,000 square meters threshold, amid the accelerated development of e-commerce and the positioning of Bucharest as a regional logistics hub for a series of international retailers, according to Cushman & Wakefield Echinox.

The cosmetics, food supplements and parapharmaceuticals company Green Net has leased 2,500 sqm in Chitila Logistics Hub, developed by Globalworth and Global Vision. The leasing process was carried out virtually.

Blackbrook Capital, a European independent real estate investment firm focusing on mission-critical commercial property, announced the acquisition of a 100,000 sqm Class A logistics facility in Poland from GLL Real Estate Partners. The transaction price was not disclosed.

Panattoni has announced its latest investment along the S8 route (Białystok–Warsaw–Wrocław) in the Warsaw region. This time the developer has purchased a 12.56 ha plot close to Nadarzyn for Panattoni Park Warsaw South, which will have an area of almost 54,000 sqm. With the building permit in place, construction work on the complex is to start in January 2021.