ARTICLES LABELLED WITH TAG industrial

CTP has marked the third anniversary of its listing on the Euronext Amsterdam stock exchange, which at the time was the largest real estate IPO in Europe since 2014. The subsequent three years from CTP's listing in March 2021 have been a time of accelerated growth for the company, highlighted by a 103% increase in GLA from 5.9 million sqm to 12.0 million sqm across CTP's European portfolio and 162% growth in its landbank, from 8.8 million sqm to 23.1 million sqm, thereby locking in future expansion by enabling CTP to develop more space to meet strong demand.

The industrial and logistics market in Romania recorded new lease deals for around 200,000 sqm in Q1, with most of the demand generated by manufacturers, FMCG and logistics operators, according to a Cushman & Wakefield Echinox report.

Property consultancy 108 Real Estate has announced its expansion in Romania, where it will focus on the industrial segment.

According to data from Colliers, a trend called shell & core is gaining momentum in the Czech Republic. This is a strategy of constructing and building out industrial buildings to the stage of providing basic structures and infrastructure.

The vacancy rate at the end of Q1 2024 reached 8.9% in Greater Budapest, representing a 0.3 percentage points increase quarter-on-quarter, while an increase of 3 percentage points was registered year-on-year, the Budapest Research Forum reports.

VGP NV and AREIM Pan-European Logistics Fund AB have announced the signing of an initial transaction between VGP and its 50:50 joint venture SAGA. The target investment is reaching €1.5 billion.

Lion’s Head, a joint venture company between AG Capital and Old Mutual Property, signed a contract for acquiring BPD – a logistics and industrial properties investment company. This is the biggest deal in the sector for the last years with an investment of €71.4 million.

Panattoni has begun construction on a new industrial park in Będzin. The first stage of the work has already been launched and is to be completed in September. It will comprise a 27,500 sqm building constructed on a speculative basis. The total area of the park is to come to 87,500 sqm. 

Segro has extended the lease agreement with Ikea in its park in Hostivice. The furniture dispensing warehouse has been located in SEGRO Logistics Park Prague since 2014.

Renewable energy companies announcing new large-scale projects in the north of Poland will need large spaces for storing components of solar and wind farms. Such tenants report sector-specific requirements, which may incentivise developers to build differently, says Michał Rafałowicz, Regional Director, Newmark Polska.