ARTICLES LABELLED WITH TAG industrial

Jiří Oslizlo, Chairman of the Board of Agrop Nova talked to Property Forum about the unique properties of wood and wooden constructions and how he would like to use his life experience from abroad to help reconfigure Czech thinking and ways of building. 

According to the latest report from Cushman & Wakefield, gross warehouse take-up in Poland stabilized at over 1 million sqm in Q2 2023. Furthermore, at the end of June 2023, there was 2.1 million sqm under construction, with the relatively strong development activity being driven by higher rents encouraging investors to launch new projects. In addition, Poland entered the top three EU markets in terms of warehouse stock, jumping into third spot behind Germany and France.

In the first half of 2023, the operating income of MLP Group reached PLN 185.7 million (€40.3 million). Compared to the same period a year ago, this number is higher by 52%.

According to the newest report prepared by Newmark Polska, in the second quarter of 2023, the total warehouse and industrial stock in Poland surpassed 30 million sqm. Both tenants and developers exhibited caution in decision-making, which resulted in a decline in leasing activity and construction volumes. Meanwhile, warehouse availability in existing facilities increased.

Industrial developer CTP has opened its first office in Asia in a bid to accommodate growing demand from its clients in this region for investment in production facilities based across Europe. The new office based in Hong Kong will be led by Jaromir Cernik, who joins from fast-growing fintech company Qupital, where he served as a Board Member and Director. 

Industrial developer Panattoni has obtained bank financing to start the construction of City Logistics Warsaw IX in Targówek, which is one of its urban parks in Warsaw. The company got €10.5 million from Bank Gospodarstwa Krajowego for the new development. 

The Czech industrial property market grew by 269,100 sqm in H1 2023, reaching almost 11.3 million sqm. This is a year-on-year increase of more than 11%. Thus, despite higher interest rates, more complex financing, a slowing economy and fluctuations in industrial production, the local industrial property market continues to accelerate its growth: currently at its highest level in five years. This is also linked to a slight increase in vacancy rates and the stabilisation of rental prices according to findings in a recent survey by Colliers. 

European Logistics Investment (ELI) has acquired land in Knurów, Silesia, as part of its expansion strategy in Poland.

Industrial developer Panattoni has purchased over 4 ha of land in Bieruń, where it plans to develop a new industrial park. The company has already delivered two industrial parks in the area and will expand its presence on the new plot that is based close to the Stellantis car factory. 

Europe’s share of semiconductor production will need to more than double to reach the EU Chips Act’s target of 20% of global output by 2030, which will also generate demand for warehouse space across the continent.