HUNGARY Prologis Targeted Europe Logistics Fund (PTELF) has acquired the app. 69,000 sqm M1 Business Park in Hungary owned by the Austrian developer CA Immo (a 51 pct stake) and Union Investment .
POLAND Panattoni Europe has started the 12,000 sqm extension work on a factory in Gorzów for the automotive parts manufacturer Faurecia.
EUROPE Although Western European economies, including the UK and Germany, accounted for 54 pct of the total European logistics property investment across the continent last year, their dominance may soon change as currently nine out of Europe's top ten countries for GDP growth forecasts are located in eastern and southern parts of the continent, according to Savills.
POLAND Construction work on a new BTS, 9,000 sqm warehouse in the 167,000 Segro Logistics Park Poznań in Komorniki is set to begin this spring. The new cross-dock terminal, which is scheduled to be completed in Q4 2015, will serve the logistics company DPD.
POLAND Prologis has started the construction work on a 27,650 sqm Class A warehousing property at Prologis Park Szczecin in northwest Poland.
RUSSIA Coalco, a company owned by Russian billionaire Vasily Anisimov, has plans to develop two industrial parks south of Moscow.
WORLD Global real estate investment fell in 2014 for the first time in five years, slipping back 6.3 pct to USD 1.21 tln, according to the latest research by Cushman & Wakefield.
RUSSIA DIY retailer Leroy Merlin and warehouse developer Radius Group have signed an agreement for the development of a 100,000 sqm distribution centre in the South Gate industrial park south of Moscow.
CEE REGION As much as 90 pct of the CEE industrial stock is currently being occupied, while there is also a growing interest in both leasing and constructing new space across the region, according to the latest report by C&W.
POLAND Logistics company Rhenus has enlarged its app. 14,000 sqm Prologis Park Szczecin lease by additional 7,200 sqm of space.
POLAND Machine tool manufacturer Dedra Exim has renewed its app. 10,000 sqm lease agreement in the MLP Pruszków I logistic park near Warsaw.
SLOVAKIA Prologis has signed two new lease deals for space in its 260,000 sqm Prologis Park Bratislava which is now nearly completely leased out.
RUSSIA In 2014, app. 700,000 sqm of modern warehouse space was delivered across the Russian regions (all major markets excluding Moscow and St Petersburg), according to CBRE. The number marks the highest supply since 2009.
POLAND Pilkington Automotive Poland is expanding its automotive glass factory in Chmielów in the Tarnobrzeg Special Economic Zone to app. 90,000 sqm.
CEE REGION Goodman has closed the first half of its 2015 financial year in Central and Eastern Europe with app. 697,000 sqm of assets under management, which is up 40 pct on the previous financial year, ending June 30th 2014.
POLAND Logistics operator Dachser has signed a lease contract with MLP Group for a warehouse and office area of more than 8,400 sqm in the MLP Poznań logistics park.
CZECH REPUBLIC Automotive Lighting, which produces external lighting systems for the automotive industry, has leased 5,500 sqm at CTPark Jihlava.
POLAND According to JLL, new lease contracts for Polish warehousing space amounted to 1.4 mln sqm in 2014. The consultancy only took into account long-term contracts, that is, for more than two years. Last year developers were clearly following their clients and their needs. There were also a number of surprises, which attested to how well the market has been doing.
RUSSIA Around 71 pct, that is 1.1 mln sqm out of 1.6 mln sqm of industrial and logistics space completed on the Moscow warehouse market in 2014, was developed speculatively, according to CBRE.
POLAND Mirbud is to construct a warehouse for Panattoni to form part of Panattoni Park Business Center Łódź II.
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