ARTICLES LABELLED WITH TAG industrial

Gross demand in Q1 2020 was almost 950,000 sqm with new deals and expansions dominating the market. New space delivered in the first quarter of 2020 totalled 440,000 sqm. JLL summarised the situation on the Polish industrial market at the end of Q1 2020.

Panattoni has appointed Mathieu Giguere as Director for Key Accounts & New Business Development. He will be responsible for acquiring new business and markets in light of the dynamic growth in online trade.

The first quarter of 2020 ended on the industrial market with good results on both the demand and supply side. Poland’s total warehouse stock surpassed the 19 million sqm mark, reveals a report by Cushman & Wakefield.

Poland’s total industrial stock at the end of Q1 2020 amounted to over 18.95 million sqm (+15% y/y). The quarter’s solid results were driven by steady tenant demand as well as stable rental rates, which despite the growing COVID-19 pandemic maintained their height in most markets. On the investment side, only in Q1 2020, the volume of transactions was comparable with the whole of 2019.

The industrial sector is considered one of the most resilient to the negative economic consequences of the Covid-19 outbreak as it benefits from the growing popularity of online shopping, especially in recent weeks. Although there is not much difference between market data for Q1 2020 and Q1 2019, opportunities and risks for the logistics sector resulting from the current situation will not be known until later months, depending on how the pandemic unfolds, according to Savills.

Profi, one of the largest retail chains in Romania, expands its logistic activities by contracting two new projects in Timisoara (58,000 sqm) and Craiova (57,000 sqm), which will be developed and rented out by Belgian logistics developer WDP. JLL has advised Profi in both transactions, thus continuing the partnership started few years ago, which resulted in 250,000 sqm of logistics space contracted in Bucharest, Roman, Cluj, Craiova and Timisoara.

Electro-IT and home & deco online retailers take up approximately 370,000 sqm of storage space and this volume could increase by at least 50% in the next two years, due to the development of online commerce, reveals the Romania e-commerce research report launched by CBRE.

A well-known automotive company will soon start operating in a 6,000 sqm modern factory building located on a nearly 5-hectare industrial plot in the catchment area of ​​Budapest.

At the end of the Q1 2020, the total supply of modern warehouse space in Poland exceeded the level of 19 million sqm. The Warsaw market (three zones) maintained its leading position and accounted for nearly 23% of the total supply in the country (4.3 million sqm), Colliers International reports.

The industrial market in Poland has been growing at a very quick pace for several years, with record-breaking transaction sizes, new warehouse locations and growing net take-up levels. The focus of analysts is usually on demand as everything starts from tenants looking for warehouse and manufacturing space for their business operations. The warehouse market has been led in recent years by the e-commerce industry, which has been reporting annual growth of over 20%. However, other leading sectors are still logistics and distribution, household appliances, the automotive sector and manufacturing. Experts from Cushman & Wakefield summarised what is the impact of investment funds on the industrial market and why warehouses attract investors.