ARTICLES LABELLED WITH TAG industrial

More companies from the medical industry have decided to establish part of their operations in 7R City Park Warsaw Airport III, which is under construction in Osmańska Street in Warsaw. ITP S.A. and Stryker will move into the facility at the end of the year, and Komtur will join them in early 2023. Earlier, Polfa Warszawa announced the launch of its research and development centre in the 7R warehouse located on Osmańska Street.

Over €5.7 billion - this is how much investors spent on commercial real estate in Poland throughout 2021, of which in the last quarter alone, the amount attained over €2.2 billion. The latest report prepared by BNP Paribas Real Estate Poland indicates that the past year was marked by a further strengthening of the logistics and industrial sector, making up for losses by retail and the continued battle against Covid's shortage of breath in the office sector.

CTP has completed the takeover and delisting offer for Deutsche Industrie REIT-AG (DIR), which provides immediate scale in Europe’s largest economy. Germany now represents about 15% of CTP’s portfolio and becomes its third-largest market by gross asset value after the Czech Republic (42%) and Romania (21%).

Food retailer SPAR will expand its logistics centre in Czeladź. The facility at MLP Czeladź will be placed in service later this year. Currently, SPAR occupies an area of 8,800 sqm used as a warehouse, cold and freezing rooms, office and staff amenity space. The SPAR logistics centre will be expanded by another 11,200 sqm, the vast majority of which will be used for warehousing, cold storage and freezing purposes. An additional facility will be dedicated to a modern office, which will be expanded by 250 sqm. This phase is scheduled for completion in the third quarter of 2022.

7R starts the construction of 7R Park Mysłowice. When finished, the logistics park will have two buildings with a total rentable area of over 59,000 sqm. The first stage of the project will be completed in July 2022.

Poland’s investment market continued to attract significant investment activity in 2021 with an annual transaction volume of €5.9 billion. A record number (166) of transactions were closed by 80 active investors, according to Avison Young’s annual investment market summary. The company expects that 2022 will see the great comeback of the office sector through increased interest in core and core+ assets in both Warsaw and regional cities.

Total demand amounted to 237,475 sqm in Q4 2021, indicating a 115% increase over Q4 2020 and making 2021 a record year in terms of total demand, according to the Budapest Research Forum’s latest industrial market snapshot.

Wing has acquired Airport City Logistics Park near Budapest’s Liszt Ferenc International Airport, comprising approx. 44,000 sqm of modern warehouse buildings and 8,000 sqm of office area. Through the transaction concluded with CPI Property Group, Wing further strengthens its position in the Budapest industrial and logistics market. The transaction was carried out at a record low, 5.6% yield. 

Czech investment group RSJ and developer Panattoni have agreed on the construction of a new industrial park outside the city of Hradec Kralové. The 35,000 sqm warehouse will be located at one of the exits of the D11 motorway.

Romanian developer Global Vision will invest €70 million in Bucharest Airport Park near Otopeni Airport. The first development phase of the new logistics project will kick off this year and the first warehouse could have a leasable area up to 10,000 sqm, depending on demand, said Sorin Preda, Global Vision’s CEO, according to zf.ro.