PL

Poland Active warehouse investment in Silesia

Warehouse & industrial
The investment market in Upper Silesia was particularly active over the first six months of 2020, according to figures from Axi Immo.


Logistics and warehousing assets with a combined gla of 200,000 sqm (including undeveloped land) changed hands in five transactions. The European Logistics Investment (ELI) platform acquired three assets in two separate transactions (the Panattoni Park Ruda Śląska II project under development with 55,800 sqm and Panattoni Czeladź V with 35,500 sqm as well as existing Weber BTS with 50,000 sqm). Additionally, Savills Investment Management, GIC from Singapore and CGL Investment Holdings Corporation from China also acquired logistics assets in the region in portfolio transactions.
Overall, 192,000 sqm of modern warehousing space was delivered in Upper Silesia over the period, bringing the total stock to 3.3 mln sqm. New completions in the twelve months to June 2020 stood at 649,000 sqm, which was the highest figure of all the Polish regions. At the end of Q2 2020, 390,000 sqm was under construction (-29 pct y-o-y), with the largest projects being Hillwood Piekary Śląskie (42,500 sqm), Panattoni Bielsko Biała III (40,650 sqm), Hillwood Gliwice Sośnica (27,800 sqm) and DL Invest Psary (20,000 sqm). The share of space built on a speculative basis fell between March and June from 51% to 44%, which is probably a result of a more cautious approach by developers due to the Covid-19 pandemic. In addition, financing conditions have tightened, with banks expecting guarantees such as pre-leases of around 40-50 pct of the space.
The majority of submarkets within Upper Silesia offer headline rents of around EUR3.2-3.6 per sqm. The lowest rents are in the Sosnowiec/Będzin/Dąbrowa area (EUR3-3.4 per sqm), while Bielsko-Biała is the highest (EUR3.5-3.65 per sqm). Average effective rents fluctuate around EUR2.2-2.6 per sqm, with developers in Sosnowiec/Będzin/Dąbrowa offering the most attractive incentives, resulting in effective rents of EUR2.1-2.6 per sqm. The vacancy rate for the region stands at about 6.5 pct The largest leasing transactions of H1 2020 were signed with Panattoni. The developer was contracted to deliver two BTS buildings– one in Czeladź (67,000 sqm) for a producer of clothing and sports accessories, and one in Zabrze (50,000 sqm) for Weber – producer of coal, gas and electric barbecues. In addition, a confidential retail occupier signed a 35,000 sqm lease in Panattoni Park Gliwice III.

Latest news

Office & mixed-use development

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schedule 01 December 2020
Opr./edited by AH

Linstow Center Management (LCM) has announced that it intends to diversify its business in Latvia and Estonia by developing mixed-use real estate projects that include hotels, shopping centres, office buildings, parking lots and recreational facilities

Investment & finance

CEE REGION CTP raises EUR 400 mln in second green bond issue

schedule 01 December 2020
Nathan North
deputy editor

Czech industrial developer CTP carried out its second, EUR 400 mln, green bond issue on November 27th.

Warehouse & industrial

POLAND Rockwell stays put in Katowice

schedule 01 December 2020
Nathan North
deputy editor

Rockwell Automation has extended its lease of warehouse and office space in a complex owned by Aviva Investors in Katowice.

Warehouse & industrial

POLAND Castorama stays in Stryków

schedule 30 November 2020
Opr./edited by NN

Home improvement goods retailer Castorama has renewed its 50,000 sqm lease at Prologis Park Stryków II, on Łódź’s north-eastern outskirts.

Warehouse & industrial

POLAND ELI buys site for City Logistics Wrocław North

schedule 30 November 2020
Opr./edited by NN

European Logistics Investment, a platform managed by Griffin Real Estate, has acquired two warehouse facilities and a 13 ha development site in Wrocław. Together with its strategic partner Panattoni, it plans to further develop the site through the construction of the 45,000 sqm City Logistics Wrocław North.

Investment & finance

EUROPE Savills IM partners with Vestas for EUR 226 mln logistics fund

schedule 30 November 2020
Nathan North
deputy editor

Savills Investment Management and Vestas Investment Management haves launched The Vestas European Strategic Allocation Logistics Fund (VESALF I).

Eurobuild Awards

POLAND Maciej Dyjas – nominee for the Real Estate Personality of the Year

schedule 14 November 2020
Eurobuild Conferences

Each year Eurobuild has the privilege to pick out a select few who have stood out from other players on the real estate market and nominate them for the Personality of the Year in Commercial Real Estate Award. So who are this year’s candidates, what’s their recipe for success and what has paved their way on the road to the summit?

Investment & finance

CZECH REPUBLIC IBC finally sold to Generali

schedule 30 November 2020
Nathan North
deputy editor

Generali Real Estate has finalised the acquisition of International Business Centre in central Prague for an undisclosed sum

Office & mixed-use development

POLAND Global medical firm moves into Warsaw Hub

schedule 27 November 2020
Nathan North
deputy editor

Medical equipment producer Sol - Millennium has leased more than 400 sqm at The Warsaw Hub in Warsaw.

Property and Facility Management

Poland Colliers to manage for DSV

schedule 27 November 2020
Opr./edited by AH

Colliers International, a leading commercial real estate advisory firm, has taken over the management of the DSV International Shared Service Centre on the corner of ul. Marynarska and ul. Taśmowa in Warsaw.

Office & mixed-use development

Romania Țiriac Imobiliare goes for Well Health and Safety

schedule 27 November 2020
Opr./edited by AH

Țiriac Imobiliare will be the first developer to apply for the Well Health-Safety standard in Romania for its entire portfolio.

Green projects

Poland Żabka goes green

schedule 27 November 2020
Opr./edited by AH

Convenience store Żabka has opened a store on ul. Lewandów in Warsaw to showcase all the latest ecologically sustainable technology systems.

Office & mixed-use development

POLAND Ashland in Atrium Centrum

schedule 26 November 2020
Opr./edited by NN

Ashland Poland has leased almost 1,100 sqm in Atrium Centrum in Warsaw city centre.

Office & mixed-use development

POLAND Mogilska 43 reaches 90 pct

schedule 26 November 2020
Opr./edited by NN

A consulting company has leased 1,200 sqm of office space in the Mogilska 43 Office in Kraków.

Warehouse & industrial

CZECH REPUBLIC Panattoni park at former Teplice glassworks

schedule 26 November 2020
Opr./edited by NN

Panattoni has begun the construction of a new industrial park on the site of the former Kavalier glassworks in Hostomice near Teplice in Central Bohemia.

Interior design

HUNGARY MadiLancos designs own offices in ZenGarden

schedule 26 November 2020
Nathan North
deputy editor

Hungarian architectural and design firm MadiLancos Studio has leased 400 sqm for its new head office in the recently refurbished ZenGarden building in Budapest.

Property and Facility Management

POLAND L&P gets into PM with Népliget Center

schedule 26 November 2020
Nathan North
deputy editor

Real estate asset manager and advisor Lodge & Partners has established a property management division in Hungary, with Népliget Center in Budapest to be the first property managed by the new unit.

Events

POLAND Cautious optimism at The 26th Annual Property Market Conference in Poland

schedule 26 November 2020
Eurobuild Conferences

Eurobuild CEE's 26th Annual Property Market Conference in Poland took place on November 25th. And to sum up the tone of the discussions, it could be said that the general mood was one of cautious optimism.

Residential

POLAND Echo Investment plans urban redesign for Służewiec

schedule 25 November 2020
Nathan North
deputy editor

Echo Investment, in cooperation with BBGK Architekci, has unveiled its concept for a new residential quarter in Warsaw’s Służewiec district.

Warehouse & industrial

POLAND Pure Ice from MLP Pruszków II

schedule 25 November 2020
Nathan North
deputy editor

Pure Ice, Poland’s largest ice cube manufacturer, has leased 3,500 sqm of warehouse and office space in MLP Pruszków II.

Latest in Warehouse & industrial

schedule 01 December 2020

Rockwell stays put in Katowice

Rockwell Automation has extended its lease of warehouse and office space in a complex owned by Aviva Investors in Katowice.

schedule 30 November 2020

Castorama stays in Stryków

Home improvement goods retailer Castorama has renewed its 50,000 sqm lease at Prologis Park Stryków II, on Łódź’s north-eastern outskirts.

schedule 30 November 2020

ELI buys site for City Logistics Wrocław North

European Logistics Investment, a platform managed by Griffin Real Estate, has acquired two warehouse facilities and a 13 ha development site in Wrocław. Together with its strategic partner Panattoni, it plans to further develop the site through the construction of the 45,000 sqm City Logistics Wrocław North.

schedule 26 November 2020

Panattoni park at former Teplice glassworks

Panattoni has begun the construction of a new industrial park on the site of the former Kavalier glassworks in Hostomice near Teplice in Central Bohemia.

schedule 25 November 2020

Pure Ice from MLP Pruszków II

Pure Ice, Poland’s largest ice cube manufacturer, has leased 3,500 sqm of warehouse and office space in MLP Pruszków II.

schedule 24 November 2020

Palmira launches third pan-European logistics fund

Frankfurt-based Palmira Capital Partners has launched its third European core logistics property fund – the Palmira European Core Logistics Fund.

schedule 20 November 2020

VGP builds big in Brașov

VGP has started construction work on a business park in Brașov. The first industrial building will have an area of 9,400 sqm and is to be delivered around the middle of next year.

schedule 20 November 2020

Green cross-dock for DB Schenker in Rzeszów

Panattoni is developing a 6,000 sqm cross-docking terminal for DB Schenker in Rzeszów.

schedule 18 November 2020

Hellmann bigs it up in Bor

Hellmann Worldwide Logistics has leased an additional 12,000 sqm in CTPark Bor in Western Bohemia.

schedule 18 November 2020

Aviva sells Wrocław Business Park to Panattoni

Panattoni has acquired Wrocław Business Park from Aviva Investors.

schedule 16 November 2020

CTP seals largest deal of 2020

Czech industrial developer CTP has acquired twelve buildings owned by Cromwell Property Group in CTPark Bucharest for an undisclosed sum.

schedule 16 November 2020

Auto Partner grows in MLP Pruszków II

Auto Partner has leased an additional 4,300 sqm in MLP Pruszków II, on Warsaw’s western outskirts.

schedule 12 November 2020

Green Net moves to Chitila

Cosmetics, food supplement and pharmaceuticals company Green Net has leased 500 sqm of office and storage space in Chitila Logistics Hub.

schedule 09 November 2020

Ehlebracht comes to Košice

Automotive supplier Ehlebracht is to move its production facilities from Michalovce to the Košice Airport park owned by CTP.

schedule 09 November 2020

Panattoni plans Nadarzyn park

Panattoni has purchased a 12.56 ha plot near Nadarzyn, around 25 km southwest of Warsaw, for the development of Panattoni Park Warsaw South.

schedule 05 November 2020

Czech industrial stock approaches 9 mln sqm milestone

Modern developer-led warehouse stock in the Czech Republic currently totals app. 8.99 mln sqm, according to the latest figures released by the Industrial Research Forum.

schedule 04 November 2020

InPost to be posted at City Logistics Kraków I

Panattoni is to build a 9,040 sqm logistics centre for InPost at City Logistics Kraków I.

schedule 03 November 2020

Fót plot for first HelloPark

HelloParks, Futureal Group’s new industrial and logistics development wing, has acquired its first plot in Fót on Budapest’s northern outskirts for a speculative warehousing park development.

schedule 03 November 2020

Warehousing booms across the region

In H1 2020, lease agreements amounting to 55 pct of the total volume last year were signed in Poland, the Czech Republic, Romania, Slovakia and Hungary.

schedule 02 November 2020

Selsey sashays into Panattoni park

Polish online furniture and interior décor retailer Selsey has leased 11,500 sqm in Panattoni’s City Logistics Wrocław I.

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