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» Chronological View: " Logistic " «

Spanish logistics market booms with record take-up

Record levels of take-up have been reported in the industrial sector across Spain, according to a recent report from Savills Aguirre Newman. Madrid reported a total of 451,000 sq m in 36 deals, representing a 17 per cent y-o-y increase. Barcelona reported the same number deals but experienced a greater relative rise of 74 per...
Friday, 24. August 2018

Panattoni Europe to develop a warehouse project for Intersnack Poland

Panattoni Europe has embarked on the development of a warehouse project in the BTO formula for Intersnack Poland. The warehouse facility featuring in excess of 10,000 sqm will be built in Nysa, next to the existing production plant of the company. Completion of the construction works is planned for March 2019, and the deal wa...
Wednesday, 22. August 2018

Strong demand for industrial space continues

The Czech market of industrial commercial space faced strong demand also in the second quarter of this year, as is illustrated by very low vacancy rate, which remains below 4% since mid-2017, and currently stands at 3,7%, according to CBRE's latest industrial rental space market quarterly report. Net demand is driven mainly b...
Wednesday, 22. August 2018

Corestate sells three warehouse assets

Corestate Capital Holding S.A. has sold three trophy assets from its own warehousing portfolio as scheduled. They include the Stadttor in Düsseldorf, the Palais Kronberg (Westerbachstraße 28-32) near Frankfurt and a trophy asset in The Netherlands. The transfer of all titles, rights and obligations will take place over the co...
Wednesday, 22. August 2018

Warehousing takes off in the east

In the first half of 2018, 2.02 million sq m of modern warehouse space was leased, of which 65% were new lease agreements and expansions. Positive macroeconomic data, including an increase in the GDP forecast to 5%, is reflected in the results for the warehouse sector. Developers are not slowing down the pace, as at the end o...
Wednesday, 22. August 2018

Dos Krausos signs long-term lease for warehouse in Port of Hamburg

Dos Krausos Logistik GmbH is already expanding its warehouse capacity. In a deal brokered by Realogis, the young company has signed a long-term lease with a renewal option for a cross-dock, ramp-accessible warehouse in the Wilhelmsburg district of Hamburg. The privately owned stand-alone property is situated on Ellerholzweg (...
Tuesday, 21. August 2018

Schroder European REIT acquires three industrial properties for €20 million

Schroder European Real Estate Investment Trust plc (SERE) has exchanged contracts to purchase three industrial assets for a total purchase price of €19.8 million, reflecting a combined net initial yield of 6.5%, with a weighted unexpired lease term of approximately 9 years. In Venray, SERE has acquired a freehold 15,290 sqm w...
Tuesday, 21. August 2018

European logistics yield falls below 6% for first time on record

The overall European logistics yield dropped 14 bps to 5.95% in Q2 2018, the first time it has fallen below 6% since Cushman & Wakefield began consistently tracking the three main property sectors in 1992, according to the firm’s DNA of Real Estate report. All logistics markets monitored in Germany, Italy and Sweden recorded ...
Tuesday, 21. August 2018

Elo and LocalTapiola sell prime logistics property to DWS

Elo Mutual Pension Insurance Company, together with LocalTapiola General Mutual Insurance Company have sold a prime logistics property by the Helsinki-Vantaa Airport to DWS. The deal represents one of the largest single asset logistics transactions ever completed in the country. Built in 2006, the complex comprises 42,000 squ...
Monday, 20. August 2018

LondonMetric Property acquires two urban logistics warehouses for £23.5 million

LondonMetric Property has acquired two urban logistics warehouses for £23.5 million (c. €26.2 million), reflecting a blended NIY of 4.9% and rising to 5.6% after five years. The average lease length is 13 years. A 48,000 sq ft warehouse has been acquired in Avonmouth, let to CHEP at a rent of £0.7 million (c. €0.8 million) pe...
Monday, 20. August 2018

Goodman completes 430,000 sq. ft logistics development in the East Midlands

Goodman has announced the launch of Leicester Commercial Park - a new 40-acre logistics and warehouse development located in the heart of the East Midlands. With construction now complete, the development offers 430,000 sq.ft of prime commercial and warehouse space, immediately available to let. The scheme comprises two units...
Monday, 20. August 2018

European industrial and logistics investment remained strong in H1 2018

European industrial and logistics investment remained strong during the last 12 months, according to CBRE's EMEA Industrial & Logistics – Capital Markets Snapshot. Investment volumes reached €31.3bn, down 21% from the 12 months to June 2017, but up 14% after discounting the hugely significant €12.25bn Logicor deal which took ...
Monday, 20. August 2018

Alma Property Partners acquires industrial property in Ljungby

Alma Property Partners acquires an industrial property with a lettable area of approximately 23,000 sqm from a private company. The property located at Näsvägen 10 is fully leased to Norcospectra AB, one of the leading retail store design companies in the Nordics and Central Europe. Alma will own and manage the property in co...
Friday, 17. August 2018

€500m invested into Slovak commercial real estates in H1 2018

The total investment volume in Slovakia for H1 2018 reached just under €500 million, a significant amount compared to the €535 million for the entire 2017 and record breaking €850 million in 2016. This is the result of several mid-volume level deals slipping from 2017 Q4 to 2018 Q1/Q2, as well as increased liquidity and inves...
Thursday, 16. August 2018

Axell Logistics establishes fifth warehouse location in Poland

Axell Logistics, a Dutch logistics operator, has leased 6,000 sq m of industrial space at Prologis Park Teresin. Experts from JLL advisory company represented the company in the processes of selecting the location and negotiating favorable lease terms.
Thursday, 16. August 2018

DTZ Investors completes Heathrow Industrial sale for £17.5m

Schroders’ Multi-let Industrial Property Unit Trust has completed on the freehold purchase of Aerodrome Way Industrial Estate, a well-established Greater London multi-let industrial estate situated to the north-east of Heathrow Airport. Schroders acquired the property for £17.45m (c. €19.5m)which equates to an Initial Yield ...
Thursday, 16. August 2018

Aareal Bank finances Apollo's logistics portfolio

Certain funds affiliated with Apollo Global Management and Aareal Bank AG have closed a debt facility of up to €800 million with a five-year term, for the financing of a pan-European portfolio of logistics properties. The tailor-made facility provides stability, security, and flexibility for Apollo's growing and diverse pan-E...
Thursday, 16. August 2018

Pilängen Logistik divests XXL’s logistics centre in Örebro to Aberdeen Standard

Pilängen Logistik AB has today divested XXL’s logistics centre located in Örebro to Aberdeen Standard Investments for around SEK 400 million (c. €38.5 million). The logistics centre, which comprises approximately 43,000 square metres, is fully let to the leading Norwegian sports retailer XXL with over 10 years remaining lease...
Wednesday, 15. August 2018