PL

Germany Garbe leases in Werne

Warehouse & industrial
Garbe has signed a long-term lease agreement with Lecangs, a company specialising in warehouse logistics, in Werne, North Rhine-Westphalia. New tenant will use around 21,000 sqm of warehouse space and around 1,000 sqm of office and social space in the logistics property for its German subsidiary Flexispot.

Lecangs operates over 500,000 sqm of warehouse space worldwide and processes more than 5.5 mln parcels annually.

This significant leasing success proves once again that high-quality logistics space remains in demand, even in a difficult market environment.
Hans-Jürgen Blanke, regional head of Real Estate Management at Garbe Industrial Real Estate

At the beginning of 2022, the Hamburg-based project developer created new construction areas with a total size of more than 123,000 sqm on the 295,000 sqm site in the Wahrbrink industrial estate. Around a third of this is leased to a logistics service provider. It has recently almost doubled its capacity in Werne by renting additional units. The remaining new-build space will be used by another e-commerce company.

Both new buildings are certified to the Gold Standard of the German Sustainable Building Council. A photovoltaic system with a peak output of 4.8 megawatts is installed on the warehouse roofs to generate renewable energy.

Garbe took over the former Ikea logistics site in 2018 and then redeveloped it extensively. The site is located in the Rhine-Ruhr metropolitan region directly on federal highway 54, just a few kilometres from the A1 and A2 motorways connecting Hamburg with Cologne and Berlin with the Ruhr region.

Latest news

Office & mixed-use development

Romania A considerable new demand rebound

schedule 05 September 2024
Opr./edited by ANZ

According to data from the Cushman & Wakefield Echinox, the net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1.

Warehouse & industrial

Hungary VGP Park Kecskemét is ready

schedule 05 September 2024
Opr./edited by ANZ

VGP in Hungary has handed over its new premises to Linde + Wieman. The German automotive parts manufacturer occupies 16,000 sqm at VGP Park Kecskemét, in the central part of the country.

Retail & leisure

Romania One Gallery, one museum

schedule 05 September 2024
Opr./edited by JC

One United Properties is carrying out restoration works on the former Ford Hall in Bucharest, which will be modernized into a mixed-use space. In addition to offices and a food market concept, One Gallery will feature a museum area, as well as a multifunctional hall.

Investment & finance

Germany Garbe buys huge brownfield site in Lower Saxony

schedule 05 September 2024
Opr./edited by ANZ

Garbe, in a joint venture with a fund managed by BlackRock, has acquired a brownfield site of almost 200,000 sqm in Salzgitter, Lower Saxony. The joint venture wants to create large-scale logistics on the site. The construction of the property with a total floor area of 70,000 sqm is scheduled to start in Q1 2025 and to be completed in 2026.

Warehouse & industrial

Poland Panattoni buys land in Kraków

schedule 04 September 2024
Opr./edited by JC

Panattoni has purchased a land plot where it is to build Panattoni Park Kraków East V. The construction work for a 30,000 sqm hall is scheduled to launch in October 2024.

Office & mixed-use development

Poland Works are in progress in Vibe

schedule 04 September 2024
Opr./edited by ANZ

Vibe, Ghelamco's latest project in Warsaw's business centre, is already fully leased. Companies that have already started working in the office building include Reckitt, an international consumer goods company, and MDDP Outsourcing.

Retail & leisure

Poland Giant welcomes first guests

schedule 04 September 2024
Opr./edited by ANZ

San Park Piaseczno, a retail park developed by Ed San III Sancak, has been officially opened. The complex offers a total of more than 40 shops and service outlets.

ESG

Poland Imagine strikes gold

schedule 04 September 2024
Opr./edited by JC

The Imagine office complex in Łódź has received the global WiredScore certification, which is awarded to buildings that are technologically advanced in digital connectivity, telecommunications quality, and contingency planning.

Warehouse & industrial

Poland Big deal at MLP Poznań West

schedule 03 September 2024
Opr./edited by JC

MLP Group has signed a long-term lease agreement with a Chinese manufacturer of automotive parts, which, as part of its global nearshoring strategy, will lease 23,000 sqm of warehouse and office space at the MLP Poznań West logistics centre.

Investment & finance

Austria KGAL goes shopping in Vienna

schedule 03 September 2024
Opr./edited by ANZ

KGAL has acquired the ViE office building in the Austrian capital with a total rental area of 14,100 sqm for one of its property funds. The seller is CA Immobilien Anlagen AG. The building in a central location in Vienna is fully let.

Office & mixed-use development

Hungary Liberty reaches completion

schedule 02 September 2024
Opr./edited by JC

Liberty, a mixed-use complex located in Budapest, has reached its final stage. The second phase of the project comprises a total of 20,000 sqm of office space.

Construction

Romania Strabag is building The Arc

schedule 02 September 2024
Opr./edited by JC

Strabag Romania has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new office property, The Arc. The investment will bring a ten-story, class A office building to the 6th District of Bucharest.

Investment & finance

Germany Green transition in Berlin

schedule 02 September 2024
Opr./edited by JC

Empira Group has successfully completed the acquisition of six multi-family buildings as well as residential and commercial properties in the Neukölln, Kreuzberg and Wedding districts of Berlin. The purchase encompasses around 400 residential and commercial units.

Warehouse & industrial

Poland LCube & Hillwood are done

schedule 02 September 2024
Opr./edited by JC

The construction of Hillwood and LCube Wrocław East in Dobrzykowice has been finished. The project comprises almost 60,000 sqm of warehouse space, of which around 53 pct has already been commercialised.

Warehouse & industrial

Poland City Logistics Warsaw IX is ready

schedule 02 September 2024
Opr./edited by JC

Panattoni has completed the construction of City Logistics Warsaw IX. Situated in Targówek Fabryczny, the centre with an area of over 13,000 sqm already has its first tenants.

Office & mixed-use development

Czech Republic Savills relocates to Prague's Masaryčka

schedule 30 August 2024
Opr./edited by ANZ

Savills is moving its headquarters as of March 2025, to new office space within the Masaryčka project in the centre of Prague. Additional 50 pct floor space will give it the foundation to expand its headcount towards 100 employees over the next phase of the business.

Office & mixed-use development

Latvia Green light for Magdelēnas kvartāls

schedule 30 August 2024
Opr./edited by ANZ

Vastint Latvia has received building permits for the construction of 4th and 5th phases of Magdelēnas kvartāls in Riga. The 4th phase is expected to be completed early next year.

Investment & finance

Poland CTP grows in Pomerania

schedule 30 August 2024
Opr./edited by ANZ

CTP has purchased a 140,000 sqm plot of land located within the Pomeranian Investment Centre - an industrial park located in the vicinity of the largest container terminal on the Baltic Sea. The land acquired from the Gdańsk Economic Development Agency will be used to construct the next stage of the CTPark Gdańsk Port industrial and logistics complex.

Investment & finance

Poland Panattoni borrows from Santander

schedule 29 August 2024
Opr./edited by JC

Panattoni has been issued financing for the construction of City Logistics Warsaw Airport IV. The EUR 17.25 mln loan was granted by Santander Bank Polska.

Office & mixed-use development

Poland Knight Frank has chosen Vibe

schedule 29 August 2024
Opr./edited by JC

Knight Frank has chosen the Vibe office building in Warsaw’s Wola district as its new Polish headquarters. The consultancy has leased almost 1,000 sqm on the 9th floor of the Ghelamco project.

Latest in Warehouse & industrial

schedule 05 September 2024

VGP Park Kecskemét is ready

VGP in Hungary has handed over its new premises to Linde + Wieman. The German automotive parts manufacturer occupies 16,000 sqm at VGP Park Kecskemét, in the central part of the country.

schedule 04 September 2024

Panattoni buys land in Kraków

Panattoni has purchased a land plot where it is to build Panattoni Park Kraków East V. The construction work for a 30,000 sqm hall is scheduled to launch in October 2024.

schedule 03 September 2024

Big deal at MLP Poznań West

MLP Group has signed a long-term lease agreement with a Chinese manufacturer of automotive parts, which, as part of its global nearshoring strategy, will lease 23,000 sqm of warehouse and office space at the MLP Poznań West logistics centre.

schedule 02 September 2024

LCube & Hillwood are done

The construction of Hillwood and LCube Wrocław East in Dobrzykowice has been finished. The project comprises almost 60,000 sqm of warehouse space, of which around 53 pct has already been commercialised.

schedule 02 September 2024

City Logistics Warsaw IX is ready

Panattoni has completed the construction of City Logistics Warsaw IX. Situated in Targówek Fabryczny, the centre with an area of over 13,000 sqm already has its first tenants.

schedule 28 August 2024

A fresh start in Düsseldorf

At the end of the year, the Düsseldorfer Großmarkt will close its gates at its current site and find a new permanent home at the City Dock Düsseldorf Hilden, built by Panattoni.

schedule 27 August 2024

VGP welcomes Miele Tehnica in Brașov

VGP has signed a lease agreement with Miele Tehnica Brașov, a subsidiary of the German Miele group, for 2,000 sqm, within VGP Park Brasov. The company will use this space to assemble motors and pumps for Miele appliances.

schedule 27 August 2024

Good Point V fully commercialised

Real Management has signed an agreement with Sales Service for the lease of more than 5,000 sqm of warehouse and office space at Good Point V warehouse and production park in Łubna near Warsaw. The facility has thus been fully commercialised.

schedule 22 August 2024

Poland records the highest warehouse take-up in Europe

According to the latest report from Cushman & Wakefield, the Polish industrial market saw a marked upturn in occupier activity in Q2 2024, reporting the highest leasing volume in Europe. In addition, Poland’s total industrial stock is poised to soon surpass the 35 mln sqm mark.

schedule 22 August 2024

Fiege gets 18,000 sqm in CTPark Žatec

CTP has handed over a newly completed 18,000 sqm industrial and logistics building in CTPark Žatec to Fiege, a provider of logistics and transport services in Europe.

schedule 13 August 2024

Good Point V up and running

Occupancy permits have been granted for two of the three buildings under construction in the Good Point V warehouse and production park in Łubna, 23 km southeast of central Warsaw.

schedule 09 August 2024

Lighting manufacturer's factory almost ready

Trilux is preparing to open its new factory in Świdnik. The 23,000 sqm facility is being built by Panattoni for the lighting manufacturer. The investment will enable the Trilux Group not only to increase production, assembly capacity and improve logistics in this part of Europe, but also to develop new products and carry out administrative and IT activities.

schedule 08 August 2024

City Logistics Poznań III is ready

Harden Construction has completed the construction of City Logistics Poznań III. The building in Poland has already been handed over to Raben Logistics Polska for use. The warehouse is located in Poznań, at ul. Obodrzycka, near the A2 motorway.

schedule 06 August 2024

K-Flexes its muscles in Silesia

A BTS project has been completed for insulation and acoustic materials producer K-Flex in Uniejów, about 55 km northwest of Łódź. The new building increases the existing plant on the site by 20,000 sqm to 120,000 sqm.

schedule 06 August 2024

DL Invest in the zone

DL Invest Group is developing a 12,000 sqm warehouse and production project within the Special Economic Zone near Bielsko-Biała.

schedule 05 August 2024

Alior loan for Panattoni Park Bieruń I

Panattoni has secured a EUR 10.5 mln loan from Alior Bank for the construction of Panattoni Park Bieruń I in Upper Silesia.

schedule 01 August 2024

More than double new demand

Companies leased 410,500 sqm of industrial & logistics spaces in the first half of the year, a total which reflects a 25 pct drop when compared with the previous year. However, according to data from the Cushman & Wakefield Echinox, the new demand had a share of 52 pct in the overall leasing volume in the same period (213,500 sqm), more than double vs. the new supply.

schedule 01 August 2024

CTP is expanding in Zabrze

CTP has started construction of a new 11,200 sqm manufacturing facility at its CTPark Zabrze complex. The ZABR02 building will be built speculatively for manufacturing use with lease modules of a minimum size starting from 1,500 sqm.

schedule 01 August 2024

K+S takes the last space in Wildeck

Garbe Industrial Real Estate is expanding its cooperation with the mining and fertiliser company K+S. In Wildeck in northern Hesse, the Hamburg-based project developer has leased another logistics hall with a total area of around 7,200 sqm.

schedule 01 August 2024

Tenants fill up City Point Targówek

The joint venture between Partners Group and Peakside Capital Advisors has secured rental agreements for more than 16,000 sqm of space at City Point Targówek. Companies across various industries have pre-leased more than 70 pct of the space in the C2 building, the first multi-let building of the phased re-development, with scheduled completion by the end of the year. 

Edition 7 (290) July 2024

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