Coffee with Craig Show – daily CRE news covering the CEE region, Tuesday, March 7, with Winston Norman, Editor and Chief of EuropaProperty.com.
CTP delivers 15,000 sqm at Sofia Airport
CTP has delivered a 15,000 sqm logistics development at CTPark Sofia Airport to its anchor tenant DSV, the third-largest logistics company in Europe. This second development for Danish-headquartered DSV doubles its total footprint at CTPark Sofia Airport to 30,000 sqm.
Daniela Boytcheva, Business Development Director for CTP, said, “Bulgaria’s strategic location, connecting Europe and Asia through the EU’s Trans-European Transport Network, makes it a highly sought-after logistics hub.”
CTP has implemented a two-year investment programme to construct over 200,000 sqm of prime warehouse space in Bulgaria to meet the growing demand for modern sustainable industrial and logistics facilities.
Poland industrial market heads for stability
Take-up hits its second-highest on record as new supply sets an all-time high – that’s the story of the Polish industrial market in 2022 in a nutshell. According to the latest report from global real estate services firm Cushman & Wakefield, development activity is expected to be more muted in the coming months, with the market entering a phase of stability.
“Without a doubt, in 2022, many companies navigated a challenging and volatile macroeconomic environment. Despite this, many companies continue to develop modern warehouse infrastructure throughout Poland,” says Damian Kołata, Partner, Head of Industrial & Logistics Agency Poland, Head of E-Commerce CEE, Cushman & Wakefield.
He adds, “Despite geopolitical and economic challenges, the outlook for 2023 remains positive. In the long term, the growth of the Polish industrial sector is expected to be driven by such factors as nearshoring or last-mile logistics.”
MLP launches new project in Zgorzelec
MLP Group continues to expand its portfolio of logistics parks. Another addition is a modern warehouse space called MLP Zgorzelec. “We are starting a new logistics centre in south-western Poland, near the border with Germany and the Czech Republic. In line with our strategy, all of our newly built facilities, including the ones in Zgorzelec, will undergo BREEAM certification to confirm that we follow international standards in environmental sustainability,” said Agnieszka Góźdź, Member of the Management Board, Chief Development Officer at MLP Group S.A.
Greenberg Traurig advises Invesco on lease agreement with Carrefour
Greenberg Traurig advised Invesco Real Estate, the landlord, on the signing of a lease agreement for retail space in the Plac Unii office and retail complex in Warsaw with Carrefour Polska. Carrefour’s store, with an area of 3,000 sqm, will replace Supersam.
“Congratulations to Invesco Real Estate on the completion of this transaction, which is unique due to the fact that the tenant is a renowned food operator and its specific requirements had to be considered in the negotiating process,” said Greenberg’s Magdalena Życzkowska-Jóźwiak.