Prologis, Inc., the leading global owner, operator and developer of industrial real estate, today announced it has commenced construction on 18,240 square metres of Class-A logistics space at Prologis Park Wrocław III.
Joerg has coordinated the CEE Occupier Services business lines out of the Warsaw office for the last three years and has worked on transferring CBRE teams to an integrated platform. He will now focus solely on the expansion and relocation of large-scale industrial occupiers in the CEE.
According to CBRE the pace at which the industrial & logistics (I&L) market is evolving is by far the most significant across all traditional real estate asset classes. The surge in activity is driven by both changing occupational as well as investment market related factors. Across Europe, investment in the industrial segment was up by 50% during 2013 - and with that the sector with the highest growth rate year-on-year.
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.
