Report – Warehouse market in Q3 2019, Poland: The warehouse sector in Poland has recorded another good quarter. In June to September 2019, over 830,000 sq m of modern warehouse space was rented, of which 56% constituted new lease agreements. 990,000 sq m were delivered on the market, and 1.85 million sq m remains under construction. The availability of space increased slightly to 6.2%. This trend should continue in the following quarters – states the report “Report – Warehouse market in Q3 2019, Poland” summarizing the third quarter of this year in the warehouse market prepared by AXI IMMO experts.
Commercial property investment activity exceeded €8bn across Poland, the Czech Republic, Slovakia, Hungary and Romania in the first three quarters of 2019, 54% above the five year average, according to Savills latest research report.
After Gdansk, Szczecin, Warsaw and Lodz, the time has come now for Wroclaw. This is the next city where a new 7R investment is being developed as part of expansion of its urban warehouse network. This is already the second project of the developer in this region.
Panattoni, market leader in industrial real estate in Europe, continues its investments in Lublin. The planned Panattoni Park Lublin III will consist of four class A warehouse halls totalling 53,110 sqm. Construction works began last October and the first tenants include well-known logistics operators. They have taken up 12,000 sqm in total.
Panattoni, market leader in industrial real estate in Europe, will provide the logistics company Nissin Logistics with 18,295 sqm of warehouse space at Panattoni Park Bydgoszcz II. It is already the second tenant for the upcoming project, which will be delivered in Q1 2020.
MLP Group has released consolidated financial results for the first nine months of
2019, with revenue at PLN 102.2m and net profit at PLN 97.6m, up 237% year on
year. Equity (net assets) rose 10.6% YTD, to PLN 902m. The total leased area grew
by more than 30% year on year.
Commercial property investment activity exceeded €8bn across Poland, the Czech Republic, Slovakia, Hungary and Romania in the first three quarters of 2019, 54% above the five year average, according to Savills latest research report.
The distributor of electrical equipment, small home appliances, lighting and office supplies
has leased approximately 4,500 m2 of space at the MLP Pruszków II logistics park. The
finished facility was handed over to Eurotrading International in September this year. The
lease was brokered by JLL, a real estate services firm.
