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Warehouse Market News

M7 Real Estate’s Central European Fund acquires another Property in Budapest

4/11/17

Following its 2016 debut to the Hungarian market M7 Real Estate’s Central European Fund (“M7 CEREF”) has further increased its presence in Budapest. In March 2017 the 62,000 sq m Aerozone logistics centre near Ferenc Liszt Airport was acquired by the fund which is managed by M7 Real Estate. In what is a developing partnership, M7 Real Estate has again appointed CBRE as the property manager and leasing agent for Aerozone as it did at the previous transactions in 2016.

Second Speculative Facility Fully Leased at Prologis Park Prague-Airport

3/30/17

Prologis, Inc., the global leader in logistics real estate, today announced that it has signed two new lease agreements totalling 12,100 square metres at its second speculative development at Prologis Park Prague-Airport. The park is now 100-percent leased.

World leading company’s subsidiary moved into the logistics center of IPD Group’s South Base I.

3/27/17

Toyota Material Handling Hungary, the material handling division of Toyota Group signed a lease contract early 2017 for a 2,300 sqm warehouse and office space in South Base I., IPD Group’s logistics center in Dunaharaszti. The landlord was represented by Colliers International during the transaction.

Active year start at Diófa Asset Management

3/21/17

Diófa Asset Management is delighted to announce the closed transaction of the South Pest Business Park. The vendor was Wing Zrt.; the new owner is Magyar Posta Takarék Property Investment Fund, which is Hungary's second largest domestic open-ended fund. The purchaser, represented by Diófa Asset Management, currently owns 64 billion HUF of property value. The city logistics scheme is located in the 9th District, totals in 34,400 sq m GLA and the modern warehouse area is 90% occupied. The South Pest Business Park was transacted for 9 billion HUF.

ROKI enters Europe by signing for 5.500 m2 in CTPark Arad

2/6/17

The Japan-based company ROKI specializing in automotive filters manufacturing will occupy 5.500 m2 unit in Romanian CTPark Arad. The space will include logistics and offices/social areas. This project is the first in Europe as a production facility for the group and is meant to supply ROKI’s customers/OEMs mainly in the European region.

Prologis Announces Fourth Quarter and Full Year 2016 Activity in Europe

1/25/17

Prologis, Inc., the global leader in logistics real estate, today announced fourth quarter and full year 2016 activity in Europe.

Colliers sells former Bricostore outlet in Törökbálint

1/23/17

Just before year end Colliers sold the former Bricostore DIY-unit in Törökbálint to Régió, the Hungarian toy company. The building has approx. 12 000 m2 of GLA and will be used by Régió for – according to our information - warehousing purposes. ”This sale is another example of an occupier/end user buying an existing building for its own purposes”, says Tim Hulzebos, MD for Colliers in Hungary.

The Budapest Research Forum sets out below its Q4 2016 industrial market snapshot.

1/18/17

The Budapest Research Forum (BRF, which comprises: CBRE, Colliers International, Cushman & Wakefield, Eston International, JLL and Robertson Hungary) sets out below its Q4 2016 industrial market snapshot.

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