ARTICLES LABELLED WITH TAG industrial

Prologis is expanding its Hungarian portfolio with the acquisition of 13 hectares in the Budapest logistics market. Modesta Real Estate facilitated the transaction.

Accolade is entering Gorzów Wielkopolski with a project worth nearly €47 million. The first stage of construction of the new BREEM certified industrial park will be completed next month. Lease agreements have already been signed by Logoplaste and Omnipack.

Panattoni has completed the development of the largest warehouse facility in the Warsaw region – A2 Warsaw Park. The building, totalling close to 104,000 sqm, was delivered in Adamów, right next to the Grodzisk Mazowiecki junction on the A2 motorway. Nearly half of the space provided by the developer has been taken up.

Savills Investment Management has signed a new lease agreement involving Gate One Business Park in Warsaw. An international company dealing with data centre services has leased 21,000 sqm of the modern space at the Gate Two building. The term of the agreement is 15 years.

Ekol Poland has rented 23,500 sqm in Panattoni Park Poznań VII, on which it will carry out logistics processes for the outdoor clothing producer - Regatta. The implemóented operations will ensure integrated sales, both in the e-commerce channel and in stationery stores, as well as support wholesalers. The lease transaction was mediated by Axi Immo.

The sixth instalment of Prologis’ special report series suggests that any demand slowdown will be short-lived as logistics real estate is poised to benefit from the acceleration in the transition to e-commerce.

London-based investor Grosvenor’s Indirect Investment team has expanded its portfolio in the logistics sector with a move into Poland. Grosvenor is the cornerstone investor of Polish Logistics LLP, a new investment vehicle established by IO Asset Management, the specialist manager of industrial real estate, and Reino Capital, a real estate holding company listed on the Warsaw Stock Exchange. Polish Logistics LLP has acquired Logistic City in the established logistics location of Piotrków, south of Łódź, from a private investor.

Before the coronavirus outbreak, Poland was among the fastest-growing economies in the European Union. What’s it like now? In its latest report, Cushman & Wakefield brings an overview of the macroeconomic situation, looks at the impact of the pandemic on each real estate sector and presents economic growth forecasts for Poland.

Transport company BHS Trans is to build a new logistics warehouse centre on 10,000 square metres in Debrecen, Eastern Hungary. The warehouse is part of a HUF 7.5 billion investment project, which the state supported with a HUF 3.4 billion grant. The facility will go into operation in early 2021 and the project is to create 165 new jobs.

The portfolio of European Logistics Investment BV (ELI) is expanding thanks to a new investment located in Silesia. Together with its strategic partner Panattoni Europe, ELI will deliver a BTS warehouse and industrial space for the Weber company. The 50,000-sqm facility will be developed in Zabrze with the tenant moving there in the second half of 2021. The warehouse in Zabrze expands ELI's portfolio located in Silesia.