A continued recovery in the CEE industrial sector is expected with increasing demand and low vacancy. Although the major international industrial developers have sites across the region, they are still focusing speculative development on Poland and Western Europe. Development activity in CEE is driven by built-to-suit projects with limited speculative investment.
A total of 690,000 sq m of modern manufacturing, logistics and warehousing premises was developed in Central Europe in 2013 representing an investment of more than 330 million euros and creating around 3,700 new jobs in the region. These figures were released today by Cushman & Wakefield, the world’s largest privately-owned real estate adviser.
CBRE has revealed six key Industrial and Logistics (I&L) trends to watch in 2014, with increased investment, consumer delivery demands from online retailing, supply chain efficiency, and the development of emerging markets all set to impact the sector.
With the consulting support of CBRE, the Gebrüder Weiss, one of the leading logistics companies of Hungary, is renting 10,000 square meters of warehouse space at the Rozália Park in Biatorbágy in order to supply materials for the Grundfos company’s factories in Székesfehérvár and Tatabánya.
The volume of completed industrial stock in the Budapest region totaled 1,825,373 sqm at the end of Q1 2013, according to the Budapest Research Forum. No newly completed building came on line in the first three months of the year, just as was the case for the first three quarters of last year.
After opening in Romania, Europe’s only independent network of office search portals has launched its warehouse and logistics division in Hungary, which opens up the country’s warehouse market to tenants, agents and all other participants. The Hungarian portal of the warehouse search network is www.raktarkereso.info.
Major oil companies (ExxonMobil, Shell, BP, Total and Chevron) now own just a third of Europe’s petrol filling stations, according to the latest research from global real estate advisor CBRE.
Prologis, Inc., the leading global owner, operator and developer of industrial real estate, yesterday opened its first ‘Green Path’ educational, recreational and sports area in Prologis Park Budapest-Harbor. The Prologis Hungary team planted a tree in the company’s community garden to commemorate the event.
