News, analysis and lease transactions from the Hungarian warehouse market
Prologis, Inc., the global leader in logistics real estate, today announced that it has signed a 42,170 square metre build-to-suit (BTS) agreement with Agata at Prologis Park Piotrków II in Poland. Real estate agency CBRE facilitated the transaction.
Prologis, Inc., the global leader in logistics real estate, today announced that its employees from Central and Eastern Europe spent Friday, May 20, participating in IMPACT Day, the company’s fourth annual global day of community service.
Prologis, Inc., the global leader in logistics real estate, today announced that it has signed lease agreements with arvato Polska for 30,835 square metres at Prologis Park Błonie. The transactions include a lease renewal for 22,510 square metres and a new lease for 8,325 square metres of additional distribution space.
Prologis, Inc., the global leader in logistics real estate, today announced that it has signed a lease agreement with Bonami, a Czech e-commerce homewares retailer, for 5,795 square metres at Prologis Park Prague-Airport DC1.
Investment into Central and Eastern European (CEE) countries (excluding Russia) for Q1 2016 registered a slight decrease (6%) compared to same period of last year, reaching €1.84 billion. Expectations are that for the entire year, investment volumes will reach and exceed the record volumes of 2015, with all CEE countries expected to perform strongly.
IMMOFINANZ raised the occupancy level in its office standing investments by roughly seven percentage points to nearly 82% by the end of the 2015/16 financial year (as of 30 April 2016). Rentals in the office segment totalled approx. 388,000 sqm, or 29% of the total area, according to preliminary numbers.
Prologis, Inc., the global leader in logistics real estate, today announced that it will deliver an additional 20,500 square metre facility for Mall.cz, an online consumer goods and electronics store, at Prologis Park Prague-Jirny. The building is scheduled for completion in the third quarter of 2016.
Demand for industrial properties lifted significantly in Q1 2016 in Budapest industrial markets and the hegemony of BTS projects has not broken yet. In the Budapest-South submarket vacancy rate dropped to 4.4% triggering two speculative projects. CBRE was involved in multiple major leasing transactions covering 80% of the real estate agency led transactions.
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