ARTICLES LABELLED WITH TAG industrial

In Q3 2023, the Greater Budapest speculative stock increased by 140,730 sqm, adding five buildings to the stock. Five new buildings were also handed over in regional cities adding another 92,610 sqm to the stock there. The vacancy rate at the end of Q3 2023 was 10.0% in Greater Budapest, an increase of 140 basis points quarter-on-quarter and an increase of 510 basis points year-on-year, the Budapest Research Forum (BRF) reports.

Panattoni has begun the construction of a tailor-made manufacturing facility for Maxcess - a provider of products and services for automated web-handling applications for converting lines. The project will allow for the relocation of the existing facility and more than double the employment. It will also serve as the main facility for the company's European operations.

Roughly 280 apartments, but also new amenities. These are the two basic parameters of the R66 multifunctional complex from development company Corwin. The company has built and managed the Guthaus project in its neighbourhood on Račianska Street. Only a few tens of meters towards Rača, it also owns a large area of the former Palma factory, where a new local centre should be built.

iO Partners, JLL Preferred Partner, continues to strengthen its cross-border capabilities in Central and East Europe with a new regional structure to support its market leading Industrial & Logistics business.

A brand-new company, Equs, entered the Czech industrial real estate development market. It was founded by Tomáš Míček, who has many years of experience in top management of industrial developers, and the Ungelt Group, an investor and real estate developer that has been operating on the Czech market for more than 30 years. 

P3 Logistic Parks (P3) has concluded lease transactions for over 107,000 sqm in the first half of 2023, with most of the demand coming from existing clients.

Panattoni has begun construction of a 9,500 sqm facility tailored for Air Spiralo, a ventilation systems manufacturer. The manufacturing and warehouse facility will be located in Szamotuły, near the company's main headquarters in Poland. The project is valued at nearly €8.4 million.

Industrial developer CTP has achieved the first BREEAM Outstanding certification for BUW 20-21, with an area of over 100,000 sqm, part of CTPark Bucharest West. 

Hungarian-owned real estate developer Faedra Group has opened its business and industrial park in the Southern part of the capital. The Faedra22 Park, an urban “last-mile” logistics and office facility is fully leased.

Industrial developer Panattoni is buying a huge brownfield on the site of the former Barbora Mine from the current owner Asental. The company intends to build a modern industrial park of hundreds of thousands of square metres on the site of the former coal mining site. The price of the transaction has not been disclosed, Seznamzprávy.cz reports.