Out of capital

Strong upward movement continues. Another half-year and another record set. Colliers International reveals that a total of 550,000 sqm of warehouse space was leased in the first half of 2007, mainly in new projects. The figure for the first half of 2006 was 440,000 sqmThe warehousing industry continues to be driven by the strong growing economy, mainly due to thriving trade and production spurred by rising consumption. However, a new and highly positive growth factor has come into play due to the merging of the market leaders ProLogis and Parkridge and the resulting unusual easing of competition between developers. Overall, everything is fine, although it could be even more so. Investment budgets, land and material prices and labour costs keep mounting, while the expansion of the road system is still just a twinkle in the ministry of transportation’s eye. Warsaw’s standing slipsWarsaw’s position on Poland’s logistics map is weakening. 52 pct of all modern wareh