ARTICLES LABELLED WITH TAG logistics

CTP says it has taken over around 112,000 sqm of industrial space from Zacaria Industrial, representing parks in four cities, for an undisclosed sum. Following the acquisition, CTP has started operations in Craiova and expanded its presence in Sibiu, Arad and Oradea and its local portfolio has edged close to 2 million sqm.

Romanian developer Element Industrial will invest over €25 million in the development of ELI Park Brăila, a new logistics park that will have a gross leasable area of 50,000 sqm. 

The industrial and logistics market in Romania continues to grow in terms of leasing activity and supply of new projects, with some 800,000 sqm in new stock under development at present.  

CTP has started the construction of a new warehousing facility for GEIS Global Logistics at CTPark Prešov South. A new 5 500 sqm facility will help GEIS strengthen its position in the Eastern part of the country, with the premises strategically located in the third-largest city of Slovakia.

Damian Kołata rejoins Cushman & Wakefield as the leader of the firm’s advisory services on the industrial and logistics market in Poland and as the Head of E-Commerce CEE.

CTP has recently finalised two strategic acquisitions in Bulgaria as part of its two-year, €300 million expansion plan to further grow its presence in the country.

According to advisory firm AXI IMMO, Poland remains one of the most attractively priced markets in Europe. Three out of five cheapest locations in terms of prime big box rents are in Poland. In addition, three Polish markets make the top 5 list of most attractively priced land markets in Europe.

Adrian Biesaga, Board Member and Head of Development of Polish logistics developer LCube talked to Property Forum about the changes forced by pandemic on the warehouse market, the “big box” segment and ecological solutions in construction.

‘Big Box’ mainstream logistics assets continue to display strong fundamentals but with pricing pressures driving down yields and new themes emerging, other industrial sub-sectors now offer alternative opportunities to investors, according to a new report by Savills Investment Management.

Property investment trust Fortress, based in South Africa, has reached an agreement to purchase ELI Park 1, an industrial project in Buftea-Chitila, near Bucharest, for an undisclosed sum. The sellers of the 50,000 sqm project are Element Industrial and Pavăl Holding.