The cycle of soaring rent rates in Europe’s top logistics markets has ended, shows research by Garbe. During H2 2024, the average prime rent increased by just 6 cents, rising from €7.30 to €7.36 per sqm.
The upward trend in prime rents continues across European industrial and logistics projects due to steady demand for space, according to Garbe Research. The average rental growth for the main markets stood at €0.40 per sqm.
The Nike brand has joined the group of tenants at Warsaw's Wola Park shopping centre. The chain's new outlet took up an area of over 1,000 sqm. The store has been opened using the Nike Rise concept.
The Venezia brand will join the group of tenants of Gemini Park Tarnów (southern Poland). The chain's first shop in the city will occupy an area of 130 sqm.
Lipton Teas and Infusions will lease more than 1,300 sqm of office space in the Global Office Park complex in Katowice (Silesia, southern Poland), developed by Cavatina Holding.
New appointments
Tomasz Chojnacki has taken up the position of Deputy Head of the Office Department of CBRE Poland. In his new role, he is responsible for the management and development of the office sector and the development of a coherent business plan for all services for clients in this market segment.
Mantor E2K, a company specialized in industrial and logistics constructions, has appointed Radu Vlad as its Business Development Manager. He brings over 20 years of experience in industrial and real estate project development to the role, having coordinated projects with a combined value exceeding €180 million.
At the beginning of February, Michał Chodecki became the head of the Warehouse & Logistics department of Savills Poland. The new director is responsible for the strategy and direction-setting of this business line and building relationships with key clients.
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