ARTICLES LABELLED WITH TAG logistics

Login Business Park in the north of Budapest, owned by Wing, is set to expand with a new hall offering more than 5,000 sqm in floor space. The project responds to distinct market needs reflecting increasing demand and increasing interest in the park. The market was quick to signal the necessity of the construction project, with lease agreements signed for the entire floor space of the hall immediately. The development is scheduled to be completed in late summer 2021.

In Świdnik, near Lublin, a cross-docking terminal of around 5,165 sqm was constructed and has now completed its BREEAM certification with a rating of ‘Very Good’. The centre is partially powered with electricity from renewable energy sources and with the application of sustainable solutions CO2 emissions have been reduced by around 30 pct and water usage has been cut by 67 pct. Almost PLN 50 mln has been invested in the project.

WDP Romania, the developer and owner of industrial and logistics spaces, has received the Excellence in Design for Greater Efficiency (EDGE) certification for its local stock of warehouses. EDGE was created by IFC, part of the World Bank. It helps property owners and developers build and operate green buildings in a fast and affordable way. The certifications apply to WDP warehouses ranging from 2,500 sqm to more than 60,000 sqm. 

UK investor Aberdeen Standard European Logistics Income PLC (ASLI) has signed an agreement for the acquisition of the Panattoni Lodz City VIII logistics park for €28 million.

pbb Deutsche Pfandbriefbank has provided an investment loan facility totalling €115 million to a fund managed by the Real Estate Group of Ares Management Corporation (Ares), which will utilise the proceeds for the acquisition financing of a logistics portfolio in Poland. pbb acted as arranger and sole lender under the facility.

In 2020, we saw a significant shift in the perception of warehouses and the role they play in the economy. Investors now see them as highly valuable assets. Tomasz Lubowiecki, President of the Board at Polish logistics developer 7R talked to Property Forum about prosperity on the warehouse market, last mile logistics and difficulties around nearshoring.

CTP has acquired 17.9 hectares of land in northern Bucharest for an undisclosed sum. The land was bought from two businessmen who were planning to invest €50 million in a logistics project. 

Retailer Penny, controlled by German group REWE, will install photovoltaic (PV) panels on the roof of its warehouses in Romania. The renewable energy systems will be implemented in Turda and Ștefănești.  

German carmaker Mercedes-Benz is boosting its logistics operations in Romania. Construction firm Plana-Innova was selected to build its new centre that will have a maximum storage capacity for 45,000 products. 

CBRE has been mandated to manage the industrial portfolio of Cromwell European Real Estate Trust (CEREIT) in the Czech Republic and Slovakia.