ARTICLES LABELLED WITH TAG warehouse

Biuro Inwestycji Kapitałowych has started the second stage of construction of the logistics park BIK Park Wrocław. The speculative investment will provide 22,500 sqm of modern warehouse space. The area of ​​the entire complex will eventually reach the target size of 47,500 sqm. Completion of construction works is planned for the third quarter of 2022.

Accolade secured the plot to launch its new project. The new industrial park has a planned area of 76,000 sqm and an investment value of over €60 million. It will be located on the Polish western border, along the S3 road and right next to the A2 highway junction.

Commercial real estate market in Poland has come a long way since the spring of 2020. Never before have so many changes been made in such a short time. Adaptation to new conditions turned out to be the most difficult for hotels and retail. For the warehouse market, in turn, the reshuffling of sales and deliveries became a springboard for a series of records. The offices returned in a new form. Nowadays, the new trends that will shape the market in the upcoming years, lead the way for the real estate sector. Experts from Walter Herz consulting company comment on what is changing.

Castorama, Poland's largest chain of home improvement stores, selling construction and finishing products online and in 90 brick and mortar stores across the country, will move to 7R Park Łódź East I. The total area that the tenant will occupy is more than 36,000 sqm. In the lease process, Castorama was advised by JLL.

ČS NEMOVITOSTNÍ FOND, managed by REICO investiční společnost České spořitelny, a.s., is expanding its portfolio with the addition of the second phase of the Panattoni Park Tychy located between the Polish cities of Tychy and Bieruň, Poland. The total number of properties in the fund’s portfolio thus increased to 20, with the share of industrial properties in the fund’s portfolio reaching approximately 14%.

Renata Osiecka, Managing Partner at AXI IMMO talked to Property Forum about the new sources of demand on Polish warehouse markets, financing new logistics projects and forecasts for the nearshoring trend.

Palmira Capital Partners has acquired another property for the European Core Logistics Fund in Gliwice, southern Poland. The vendor is a fund advised by Crescendo Real Estate Advisors. The parties have agreed not to disclose the purchase price.

Warehouse occupiers are prioritising the shortening of supply chains to mitigate business risks, a trend that is likely to dominate the demand for warehouse space in Europe for the next three years, reports Savills and Tritax EuroBox plc, a leading investor in European logistics real estate. According to Savills, Poland becomes a target for larger Foreign Direct Investment facilities.

CBRE Investment Management, on behalf of a client, has agreed on the acquisition of the Nexus portfolio, a 211,803 sqm logistics portfolio located in Poland, from European Logistics Investment, a vehicle jointly managed by Griffin Real Estate, Redefine and Madison International Realty.

7R has finalized the divestment of 7R Park Kraków IX logistics building to Generali Real Estate. The 33 000 sqm warehouse, commissioned for use in the middle of the year, is fully leased and BREEAM-certified at the Very Good level. This is the second transaction between Generali and 7R in 2021 following Generali Real Estate’s acquisition of 7R Park Gdańsk II warehouse complex in Kowale, in September 2021. The price has not been disclosed.