ARTICLES LABELLED WITH TAG logistics

Panattoni is creating an alternative warehousing location to Łódź in Central Poland with the development of Panattoni Park Koluszki. The park is around 30 km from the administrative capital of the region and will eventually comprise around 40,000 sqm. Already around 60% of the space has been leased. The first tenant is cat and dog food producer PetRepublic, which moved into an area of 12,000 sqm in November this year. In the third quarter of 2022, Panattoni is to hand over around 13,400 sqm to automotive companies.

Warehouse developer LCube has completed the commercialisation of the first stage of Logistic Park Rzeszów, based at Rzeszów Jasionka International Airport. REN Group, Poland’s major food products distributor for the last 25 years, has recently been joined by Cocolita, an online cosmetics and beauty shop. The commercialisation of the facility, whose surface area totals 5.7 thousand square metres, was completed before the official project acceptance of the investment, scheduled for December.

Autodoc, an online retailer for vehicle parts and accessories, has chosen Panattoni Park Cheb South, which is being built jointly by developer Panattoni for investment group Accolade, for its expansion into the Czech market. The 31,500 sqm automated distribution centre expand on a building which was the first project in the Czech Republic to be awarded an ‘Outstanding’ sustainability rating and a record score of 90.68% according to the BREEAM global sustainability certification.

According to the latest report by Savills, the record take-up levels and no speculative completions caused the vacancy rate on the Czech industrial space market to plummet 70 bps to a new low of 1.75%, one of the sharpest quarterly declines observed in the market in the last five years. The total volume of modern industrial space available for lease across the country fell from 226,700 sqm in June to 165,000 sqm in September.

The Polish warehouse market continues to power ahead, reveals the latest report from real estate advisory firm Savills. The development pipeline is historically high and take-up activity is on track for another record year. Leased buildings are being targeted by investors from all over the world. After the first three quarters, the logistics sector accounts for close to half of the total investment volume in Poland.

Panattoni Europe laid the cornerstone for the construction of a 35,000 sqm facility for FM Logistic at Panattoni Park Głogów. From these premises, the tenant will service B2C e-commerce for a leading pet store chain owned by Fressnapf Group, which operates in Poland under the international brand Maxi Zoo, carrying out orders for individual clients from Poland and Germany. Panattoni Park Głogów, which will eventually cover 20 ha, is to offer 110,000 sqm under one roof. The investment is to be BREEAM certified at the ‘Excellent’ level.

The latest report by BNP Paribas Real Estate Poland shows that in the first three quarters of this year, a record demand for warehouses was noted, amounting to almost 4.8 million sqm. The company’s analysts also point out that movement at construction sites, where work is currently underway, has also set a new record, with more than 3.7 million sqm of modern office space under construction. As in previous quarters, the development of the sector together with an increased demand for logistics spaces, have been primarily driven by a rise in e-commerce, as well as an increase of companies operating in the logistics and trade sectors.

Investment market experts in the Czech Republic are concerned about the potential effects of high inflation and rising interest rates on the market. At the same time, they remain highly optimistic about the future of logistics and keep ESG at the top of their agenda, according to a recent panel discussion at Prague Property Forum 2021, moderated by Jaroslav Kaizr MRICS, Expert Director of the MBARE programme at VŠE.

Spiżarnia, a distributor of Polish food to Western European countries, has chosen 7R Park Lublin to locate its new warehouse and offices. The company will occupy one of the five buildings at the planned logistics park. The facility for Spiżarnia, with an area of nearly 22,000 sqm, was developed in the BTS formula and houses three cold stores. The building will be completed in December 2021.

Garbe Industrial Real Estate GmbH has launched the development of 8,000 square metres in Garbe Green Park Piešťany. A new space comprising 3,000 square metres will be occupied by Inalfa, a designer, producer and supplier of roof solutions for the automotive industry. The remaining 5,000 square metres will be delivered speculatively and available for lease from May 2022.