Panattoni is developing a distribution center for ORBICO Supply – a logistics operator from the Orbico Polska group, responsible for the distribution of over 50 global brands. On completion, the BTS center in Teresin will have an area of 38,000 sqm.
MLP Group is starting speculative construction of around 75,000 sqm of space in total at its three logistics parks. The space will be delivered as soon as later this year and early next year. All the projects will be BREEAM certified.
MLP Group presented the results for the first quarter of 2023. During the period, consolidated revenue rose 51% yoy, to PLN 94.7 million, driven by increases in both leased area and rental rates. At the same time, the Group’s EBITDA (without revaluation of investment properties) improved by 59%, to PLN 47.8 million. In the first quarter of 2023, MLP Group earned a net profit of PLN 26.1 million. Since the beginning of the year, the Group’s net asset value (NAV) has gone up 1%, to more than PLN 2.5 billion. The value of investment property also rose 1%, to close to PLN 4.5 billion.
MLP Group has received an Excellent rating as part of the BREEAM International New Construction Version 6.0 Shell and core assessment for two buildings at the MLP Czeladź logistics centre.
Panattoni has begun construction of a new park in the region of Greater Poland capital: Panattoni Park Poznań East II will be located near the A2 motorway and will comprise 37,000 sqm. The first tenant will be logistics operator GEODIS, occupying 8500 sqm.
Regesta S.A., a specialist provider of logistics services, has leased 33,000 sqm in one of the two warehouses of Panattoni Park Ruda Śląska V. The tenant was advised on the choice of the location and during lease negotiations by real estate advisory firm Newmark Polska.
In 2022, the Polish industrial and warehouse market maintained its solid growth momentum despite headwinds such as project financing constraints and rising occupancy costs. The expected decline in new supply and shrinking land availability are likely to result in a supply gap in the space of the next year or so, says real estate advisory firm Savills.
GLP has completed the third building at Poznań Airport Logistics Centre in Poland. This is the final stage of the project, which offers a total of more than 81,000 sqm of warehouse and production space.
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