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Articles - transactions

Take-up of modern industrial and logistics space reaches 61,000 sqm in H1, says DTZ Echinox

Total leasing activity involving modern industrial and logistics space reached 89,000 sqm in the first six months of 2014 while the take-up amounted to 61,000 sqm, according to data from DTZ Echinox. Some 46 percent of this was registered in Bucharest (34,000 sqm transacted).

Germany’s Gerhard Topp buys textile producer from Brasov

German company Ploucquet Group reached an agreement with textile accessory producer Gerhard Topp to sell its unit in Brasov, Ploucquet Textil, specialised in manufacturing trousers components.

Central Europe’s industrial real estate market accelerates

New industrial units in Central Europe are being developed at twice the rate of last year.

Prologis acquires 230,000 sqm in Central Europe

Prologis European Properties Fund II (“PEPF II”) has acquired a portfolio of around 230,000 sqm in the Czech Republic, Poland and Slovakia.

Flanco rents 5,000 sqm in H. Essers logistics center near Bucharest

IT retailer Flanco rented a surface of 5,000 square meters in the H. Essers logistics center near Bucharest, in order to cut down on the time wasted for supplying its stores. Flanco will save 24 hours on supply, the company announced.

P3 agrees €523 million purchase of Czech logistics portfolio to add 627,000 sq. m to pan-European platform

PointPark Properties (P3), the specialist owner, developer and manager of European logistics properties, has agreed to buy 627,000 m2 of logistics warehouses and associated development land in the Czech Republic from two funds advised by Tristan Capital Partners and VGP for €523 million.

Euro Insol sells MLP Bucharest Sud logistics park for EUR 14.2 mln

Euro Insol has, the liquidator of bankrupt MLP Bucharest Sud, has sold the company’s asset – the MLP Bucharest Sud logistical park – for RON 62.5 million (approximately EUR 14.2 million) to AGI-RRE Hera, according to Mediafax.

Profi rents 2,500 sqm in VGP Park Timisoara

Local retail Profi has rented 2,500 sqm for a new warehouse in a temperature controlled facility in the VGP logistics park in Timisoara, western Romania, according to Mediafax newswire.

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