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» Chronological View: " Logistic " «

2018 was a year of offices and warehouses in Poland

The Polish commercial real estate market is in the best shape it has ever been, posting a record-high investment volume that exceeded €7 billion in 2018. Office and industrial sectors, in particular, are setting new highs with last year’s trading volumes at nearly €2.6 billion and nearly €1.9 billion, respectively.
Friday, 18. January 2019

Warburg-HIH Invest and Nord/LB to set up new logistics real estate fund

In a collaborative venture, the state bank Nord/LB and Warburg-HIH Invest will launch a new logistics real estate fund called Warburg-HIH Deutschland Logistik Invest. The open-ended special AIF will invest exclusively in German logistics real estate. Assuming a fund volume of around 250 million euros and a gearing ratio of 45...
Friday, 18. January 2019

Retailers account for 53% of industrial & logistics take-up

According to Savills latest Big Shed Briefing, take-up of industrial & logistics space (units of 100,000 sq ft +) hit 34.1 million sq ft (3.167 million sq m) in 2018, a 32% increase on 2017 figures and 14.1 million sq ft (1.309 million sq m) above the long term average. Despite the recent negative headlines retailers accounte...
Friday, 18. January 2019

Omnipack to lease another warehouse near Warsaw

Segro Logistics Park Warsaw has secured a new tenant, with Omnipack Sp. z o. o. leasing 2,500 sq m of industrial space at the logistics park, located 15 kilometers from Warsaw. The site offers both warehouse space adapted for storage purposes, as well as areas that can be adapted for light production. Experts from JLL advise...
Wednesday, 16. January 2019

Green light for Barberry's £6 million warehouse

Following the unveiling of its £9.5 million (c. €10.7 million) speculative development plans for a 70,000 sq ft warehouse unit at the site of a former DIY store in Northamptonshire, the commercial property developer has now gained planning consent to deliver a 55,575 sq ft speculatively built industrial/warehouse unit in Wol...
Wednesday, 16. January 2019

Gramercy Europe acquires two logistics assets for a total of €40 million

Gramercy Europe Limited has invested a further €40 million into the Dutch logistics market, acquiring a high quality warehouse used as a distribution centre outside Rotterdam and a development site in Utrecht, in two transactions totalling €40 million. Following these transactions, Gramercy will have invested nearly €150 mill...
Wednesday, 16. January 2019

Wihlborgs has two reasons to celebrate

Wihlborgs has two reasons to celebrate. The company has signed a lease in southern Helsingborg, thus reaching full occupation at the 5,300 m² Olympiaden 8 property, following a rapid change over of tenants. In addition, the company has appointed Magnus Prochéus as the new Regional Director in Malmö, who joins the company from...
Monday, 14. January 2019

Harworth, Knight Frank IM and LCPF complete fourth letting at ‘Multiply’ development

Multiply Logistics North, the new commercial development being delivered through a joint venture between Harworth and the Lancashire County Pension Fund (“LCPF”) at Harworth’s Logistics North site in Bolton, has secured its fourth tenant. PJH Group Limited has signed a lease to take 62,952 sq. ft at the logistics site..
Monday, 14. January 2019

Orchard Street acquires prime Thames Valley industrial estate for £15.7 million

In a deal worth £15.68 million (c. €17.5 million), Orchard Street Investment Management has completed the acquisition of Trade City Reading, a multi-let industrial estate in Reading, developed in joint venture by Kier Property and Investec. The asset was acquired on behalf of St. James’s Place UK Plc., with the purchase price...
Monday, 14. January 2019

Citivale conclude huge letting at Humber Enterprise Park

The Humber Enterprise Park now is fully let. Citivale has agreed a deal for a high-quality 150,000 sq ft warehouse at Humber Enterprise Park, entering a six-year lease with a three-year break with Wren Kitchens. This is the largest industrial letting within the Hull and East Riding area during the past 12 months.
Friday, 11. January 2019

M7 RE buys £22.4 million portfolio of assets for REIP VI

M7 Real Estate has secured a £22.4 million (c. €24.8 million) portfolio of six office and logistics assets on behalf of M7 Real Estate Investment Partners VI (“M7 REIP VI”) from six vendors. The deal was financed with the proceeds from the sale of a portfolio of UK regional assets to Regional REIT in August 2018 for £31.4 mil...
Thursday, 10. January 2019

Blackrock buys prime London industrial estate

With the acquisition of Forest Trading Estate in Walthamstow, east London from CBRE Global Investors for £11 million (c. €12.2 million), BlackRock UK Property Fund (BUKPF), which was advised by Gerald Eve, has added another asset to BlackRock’s existing ownership at Uplands Business Park, acquired in 2017.
Wednesday, 9. January 2019

Hines snaps up Cribbs Causeway Distribution Centre in Bristol

Hines has reason to celebrate. The international real estate firm has acquired Cribbs Causeway Distribution Centre, a value add-profile logistics investment located in Bristol, a key UK distribution hub, on behalf of the Hines European Value Fund (HEVF). Hines’ UK team advised HEVF on the fund’s first logistics acquisition wh...
Wednesday, 9. January 2019

AXA IM completes acquisition of over JPY100 billion Japanese logistics portfolio

AXA Investment Managers - Real Assets (“AXA IM - Real Assets”) announces that, on behalf of clients, it has formed a new long term Japanese core logistics joint venture with ESR alongside a sovereign wealth fund, through the acquisition of a portfolio of six modern and newly completed logistics assets in Japan for over JPY100...
Tuesday, 8. January 2019

Jobs boost as Stone Cross Park set for double development

Plans have been unveiled for two new industrial/warehouse developments at the site of a former Carlsberg brewery depot in Wigan, generating significant investment and employment opportunities. Stoford Developments and Oxenwood Real Estate have announced plans to transform an existing site at Stone Cross Depot, Yew Tree Way, G...
Monday, 7. January 2019

Palmira lets 4,000 square metres of logistics space in Senec

The asset manager Palmira Capital Partners has let around 4,000 square metres of logistics space in Senec. Situated to the northeast of Bratislava, the Slovakian capital, the property provides some 120,000 square metres of logistics accommodation. The lettings just concluded bring the vacancy rate in the property down to less...
Friday, 4. January 2019

Panattoni Europe delivers a green cross-dock for DB Schenker

Panattoni Europe has completed an sustainable terminal for DB Schenker in NowaWieś Wrocławska. It has replaced the existing facility in Wrocław, expanding parcel handling capacity. As highlighted by Janusz Górski, CEO North & East Europe at DB Schenker: “The modern terminal will enable DB Schenker not only to process a greate...
Thursday, 3. January 2019