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Logistic

Frasers acquires 10-hectare site in Breda

Frasers Property Industrial has successfully acquired a 98,758 sqm development site between the Lageweg and the Nieuwe Kadijk in Breda. In addition, the speculative new building project in Roermond is going according to plan.
Tuesday, 18. May 2021

Globalworth expands its industrial activity in Arad and Oradea

Globalworth Industrial is expanding its portfolio by purchasing two industrial projects with a total area of 27k square meters. The value of the IPW Arad (Industrial Park West Arad) and IPW Oradea (Industrial Park West Oradea) transactions amounts to almost 18 million euros, ensuring the presence of the largest office investo...
Monday, 17. May 2021

Grembox expands in Ruda Śląska

Grembox, a distributor and producer of corrugated boxes and other packaging materials, has decided to lease warehouse space in Panattoni Park Ruda Śląska III. The tenant was represented in the transaction by Cushman & Wakefield.
Monday, 17. May 2021

Well Pack takes up 10,500 sqm in City Logistics Łódź II

Panattoni has leased 10,500 sqm to Well Pack in the City Logistics Łódź II warehouse park. The space will be used by the logistics operator for the machine washing and disinfection of reusable food containers for supermarket chains. The tenant will move into its new premises in July, from where it will carry out its main oper...
Monday, 17. May 2021

LG Electronics pre-lets 50,000 sq ft unit in Leighton Buzzard

LG Electronics has pre-let unit 1, a 50,000 sq ft warehouse at Kennedy Wilson and Tungsten Properties’ project at Union Park, a new 8.5 acre strategic industrial development on Grovebury Road, Leighton Buzzard, Bedfordshire . Adroit Real Estate Advisors and Savills are the letting agents; CBRE acted for LG Electronics.
Monday, 17. May 2021

LondonMetric acquires three warehouses for £19 million

LondonMetric Property Plc (“LondonMetric”) announces the acquisition of three urban logistics warehouses in Croydon, Dunstable and Warrington for £18.7 million, reflecting a blended NIY of 4.3% and a reversionary yield of 5.3%. The warehouses have been acquired in separate transactions and have a WAULT of five years.
Friday, 14. May 2021

M7 makes €11.3 million disposal of mixed-use asset

M7 Real Estate (M7) announces the sale on behalf of M7 Islay (the Fund), of Ketelweg 20-24, a mixed-used industrial and office asset in Papendrecht, the Netherlands, to Sagax Nederland for €11.3 million. Van Doorne acted as legal adviser to M7 whilst Loyens & Loeff advised the buyer.
Friday, 14. May 2021

Aareal Bank provides € 400 million financing to GLP

Aareal Bank announces the closing of a financing agreement with global investment manager GLP. Acting as Arranger and Sole Lender, Aareal Bank provides a loan of approx. € 400 million for refinancing the purchase of 27 prime logistics properties in the UK, Germany, France, the Netherlands and Belgium. GLP was advised by Kirkl...
Wednesday, 12. May 2021

LXi acquires portfolio of Costa drive-thrus and an industrial asset

LXi REIT has exchanged contracts on the forward funding acquisition of a portfolio of Costa drive-thrus and an industrial asset for a total cost of £36 million. The acquisitions fully deploy the balance of the company’s £125 million equity capital raise of 11 March 2021 and will further utilise the group’s revolving credit fa...
Wednesday, 12. May 2021

Tchibo will be the second-largest warehouse in Czech Republic

Panattoni and Tchibo signed a lease agreement for a distribution center in the Panattoni Park Cheb industrial zone. The 102,000 sqm warehouse thus ranked second behind the Amazon distribution center at Panattoni Park Prague Airport near Dobroviz in Central Bohemia . The modern hall is financed and the Cheb industrial zone is ...
Wednesday, 12. May 2021

iO and Reino Capital acquire Polish prime logistics park portfolio from AEW

Polish Logistics LLP, an investment vehicle established by iO Asset Management and Reino Capital, has expanded its portfolio with the acquisition of five prime logistics parks in Poland from AEW. The vehicle managed by Reino iO Logistics is backed by international property company Grosvenor Group’s Indirect Investment team.
Tuesday, 11. May 2021

W. P. Carey announces €25m build-to-suit investment

W. P. Carey today announced a €25 million ($30 million) build-to-suit commitment with a leading plant-based consumer products company for a state-of-the-art global R&D food research facility.
Tuesday, 11. May 2021