News, analysis and lease transactions from the Hungarian warehouse market
Prologis, Inc., the global leader in industrial real estate, today announced that it will expand Prologis Park Prague D1 East by developing two additional buildings, DC8 and DC9, totalling 10,360 square metres, for which two pre-leasing agreements have been signed prior to construction.
Prologis, Inc., the global leader in industrial real estate, today announced that it has signed a lease agreement with Linemart, a third-party logistics provider owned by Shenzhen Sailvan Network, a China-based e-commerce company, for 18,166 square metres of distribution space at Prologis Park Prague-Airport DC1. The transaction was facilitated by 108 Agency.
According to CBRE’s 2016 EMEA Investor Intentions Survey – aired every year on the world’s leading property market – almost half (48%) of all surveyed expect their purchasing activity to be higher than last year, compared with just 15% who expect to be less active buyers. 43% also expect their selling activity to increase, indicating a buoyant and liquid real estate investment market for the region in 2016.
According to CBRE’s ‘CEE Market Outlook’ 2016 is set to be a solid year on the back of an exceptional 2015 which saw records broken in almost every real estate sector. Growth will be a key theme in the region in 2016 as economic recovery happens at a quicker pace than in Western European countries.
Jones Lang LaSalle Incorporated (NYSE: JLL) announced that it is separating the roles of President and Chief Executive Officer and that Christian Ulbrich, currently CEO for the EMEA region, will become President of JLL. Colin Dyer will retain the role of CEO and continue to guide the firm’s global strategy, with a particular emphasis on IT and data strategies, and oversee LaSalle Investment Management as well as the firm’s finance, human resources, legal and marketing functions. Additionally, Guy Grainger, currently UK Chief Executive, will succeed Ulbrich as EMEA CEO, and Chris Ireland will become UK Chief Executive. All changes are effective June 1, 2016.
Almost twenty million square metres of modern industrial leasehold are currently available in Central Europe. So strong is the interest on behalf of occupiers that the share of available space has dropped to a historical low of 5.7 per cent. To compare – the share of available office spaces is double that amount (12 per cent). The information comes from findings by Cushman & Wakefield, which has been monitoring the industrial property market in the Czech Republic, Poland, Hungary, Romania and Slovakia over an extended period.
JLL represented the landlord in the leasing of 9,380 sq m to Gimek Zrt. in Rozália Park. With this transaction the logistics park is nearly fully let, only a few units are available in the gallery level.
Prologis, Inc., the global leader in industrial real estate, today announced full-year 2015 activity in Central and Eastern Europe (CEE).
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