Tag: logistic

  • Raben Group revenues exceeded 1.26 billion euro in 2020. Big investments in Poland

    Raben Group revenues exceeded 1.26 billion euro in 2020. Big investments in Poland

    Raben Group has finished the previous year with the revenues exceeding 1.26 billion euro, and new investments in Europe.

    The main industries served by the company in 2020 were food (30%), consumer technologies (21%), automotive (17%), retail (12%) chemicals (11%), non-food FMCG (9%).

    In the European logistics network, road transport accounted for the largest part of services provided by Raben Group (66%), followed by contract logistics (13%), FTL (8%), Fresh Logistics (8%), Lead Logistics Provider (4%) and finally Sea&Air (1%).

    Poland generated the highest revenue in Raben Group last year

    In April, Raben Logistics Polska moved its depot in Olsztyn to a new location and in June, the first operations started in Adamów, where the company is running a central warehouse for Makro at Panattoni Park A2.

    The 33,000 m2 facility utilises many innovative solutions which increase not only process efficiency, but also employee safety.

    The automatic sorting system created thanks to effective cooperation with the customer is particularly noteworthy. It is one of the first and most modern sorters of this type in Europe.

    The second half of the year was also marked by the construction of new facilities in Silesia – a 50,000 m2 distribution centre in Ruda Śląska and additional warehouses in Sosnowiec.

    In November, the company opened a location in Legnica, where a dedicated contract logistics project for Ahlers AG Group is run in the 11,000 m2 facility leased at Panattoni Legnica Park.

    Fresh Logistics Polska, which specialises in logistics of fresh products in controlled temperatures, also invested a lot in 2020.

    Thus, the company invested in modern warehouses with a total area of 16,000 m2 in Wojanowo and Nowa Wieś Wrocławska.

    After the completion of the project, Fresh Logistics has a total warehouse capacity exceeding 55,000 m2 dedicated to the storage of fresh food products.

    The new investments allow for the storage of goods which require various temperature ranges from 0°C to +15°C, and for providing additional services such as co-packing and labelling.

    Moreover, they allow for storing frozen products and performing transloading operations of container units.

  • P3 Logistic Parks increases total portfolio by 48%. German portfolio tripled

    P3 Logistic Parks increases total portfolio by 48%. German portfolio tripled

    In 2020, P3 concluded 600,000 m2 of new developments for new and returning clients such as Amazon, Mercedes-Benz, TEDi, PepsiCo, DHL and InPost.

    Development project highlights of the year included the hand-over of the 190,000 m2 G+3 warehouse for Amazon in Castelguglielmo, northern Italy, as well as the commenced construction on a 98,000 m2 warehouse in the Echt region of the Netherlands.

    Furthermore, P3 continues to invest in brownfields, having announced the acquisition of a 40-hectare plot of land in central Ostrava, the Czech Republic’s 3rd largest city.

    P3 also concluded last year two major acquisitions, Maximus and Matrix, totalling 1.5 million m2 GLA. During 2020, P3’s portfolio increased by 48%, to 6.5 million m2 GLA.

    Shift toward eCommerce and retail operators

    Following global trends, P3’s portfolio composition continued to see a shift toward eCommerce and retail operators.

    As of December 31st, 2020, ~30% of P3’s portfolio was engaged in retail and eCommerce activity.

    This is directly in line with P3’s strategy to develop warehouse properties in strategic locations near population centres, some of which P3 classifies as Urban Logistics.

  • GEFCO is Daewoo Power Products main logistics operator in Poland

    GEFCO is Daewoo Power Products main logistics operator in Poland

    GEFCO and Daewoo Power Products, a Korean manufacturer of power tools, are developing cooperation for comprehensive logistics operations in Poland.

    GEFCO’s contract with Daewoo Power Products is wide-ranging, covering import clearance of goods from China, storage, order picking and distribution to dealerships.

    GEFCO is Daewoo Power Products main logistics operator in Poland

    In this role, GEFCO is responsible for the import clearance of goods arriving from China.

    The containers arrive at the GEFCO Poland warehouse in Natolin near Warsaw, where they are unloaded, inspected for possible damage, palletized, stored and order picking.

    In addition, GEFCO Poland is responsible for the domestic distribution of groupage shipments.

    After order picking, Daewoo products – including power generators, garden machines and power tools – are transported from the GEFCO warehouse in Natolin to its cross-dock in Grodzisk Mazowiecki, and then delivered through the GEFCO distribution network to sales points throughout the country, including the Daewoo Power Products Showroom in Warsaw.

  • Palmira plans to invest around EUR 650 million in European logistics assets

    Palmira plans to invest around EUR 650 million in European logistics assets

    Palmira Capital Partners has launched the ”Palmira European Core Logistics Fund”, an open-end special fund oriented to institutional investors.

    Aiming at an equity volume of at least EUR 350 million, Palmira plans to invest around EUR 650 million and expects an annual distribution yield of 5%.

    Palmira already has equity commitments totalling over EUR 100 million and, currently, three properties in Germany, the Netherlands and Poland are under investigation for acquisition.

    The fund’s investment focus is on forward-looking logistics assets in core locations on the major transport axes in continental Europe, supplemented by properties for urban last-mile deliveries in large conurbations. 

    Since 2017, Palmira has invested over EUR 1 bn in logistics and light industrial properties, which are managed by an in-house specialist team.

    Real estate assets currently under management have a total value of € 2.2 bn. Palmira has offices in Frankfurt, Vienna, Dusseldorf, Hamburg, Luxembourg, Madrid, Rotterdam and Warsaw.

  • Romanian logistics market had its best period during the pandemic

    Romanian logistics market had its best period during the pandemic

    The Romanian logistics market will have a record demand by the end of 2020, with a transactional volume exceeding the 700,000 square meters threshold, according to Cushman & Wakefield Echinox.

    In the first nine months of the year, the transactional volume reached 581,000 square meters, up to 94% compared to the same period of last year.

    Bucharest attracted 65% of the demand, and Timișoara almost 13%, the two markets being the largest and most active industrial and logistic poles in Romania.

    In this context, the developers were also active, delivering new spaces with an area of ​​356,000 square meters between January and September 2020, a 27% increase compared to the same period of 2019.

    Approximately 75% of the new spaces were delivered around the Capital, where the traditional pole develops at the Bucharest – Pitești highway entrance, as well as in the North-West and North areas, near the Bucharest – Ploiești highway.

    Thus, while IKEA, through Maersk and IB Cargo logistics operators, has chosen to develop a regional distribution center with an area of ​​75,000 square meters within the CTPark Bucharest West project located at kilometer 23 of A1, the Polish fashion retailer LPP decided to double the area of ​​the distribution center within WDP Park Ștefănești, in the northern part of the Capital, with an additional 22,000 square meters leased space.

    The stock of logistics and industrial spaces in Romania reaches about 4.3 million square meters, half of these spaces being located around Bucharest.

    The prime headline rents remained stable this year, between 3.75 – 4 euro / sqm / month. The largest players are CTP and WDP, which have a total market share of approximately 50%.

  • Montepino Logistica surpassed one million sq m of logistics space in Spain

    Montepino Logistica surpassed one million sq m of logistics space in Spain

    Montepino Logistica has achieved its goal of providing one million square metres of logistics space in Spain since 2014.

    It has reached this milestone through its delivery of the final part of the new logistics HUB for the company Luís Simões, located in the Ciudad del Transporte industrial estate, a joint investment of over €85 million.

    This figure has turned the company, into the leader of the built-to-suit (BTS) sector in Spain and one of the largest logistics developers in Europe.

    Montepino Logistica wants a portfolio with a value of nearly €1 billion, which will feature 23 different platforms by the end of 2021.

    Its assets consist of both Big Box or XXL logistics platforms and last-mile platforms and have been built in strategic, key locations for cutting-edge logistics.

  • Logistics and industrial market in Romania is set to exceed 5 million square

    Logistics and industrial market in Romania is set to exceed 5 million square

    Romania’s modern industrial and logistic facilities reached 4.72 million square meters at the end of the first half of the year, up by 5% compared to the corresponding period of 2019.

    This represents over 9% of the stock figure for the biggest 17 CEE economies, and though it could exceed 5 million sqm by the end of 2020, there is still signficant room to grow, according to Colliers International’s exCEEding Borders report.

    Romania’s stock of modern industrial and logistic spaces has grown threefold since 2015, but there is still a significant gap between Romania and other CEE markets.

    In the Czech Republic, modern industrial and logistic spaces are at roughly 9 million square meters, while in Poland are around 19,6 million square meters. This means that on a per capita basis, Romania’s stock of modern storages is 4x below Czechia’s and 2x below Poland’s.

    Around 120.000 square meters in new modern industrial and logistics spaces are estimated to have come online in the first semester of 2020 throughout Romania, which was a decrease compared to the same period of 2019, when developers delivered 300.000 square meters.

    But the second half of the year is seen to be much more active, with nearly 300.000 square meters in new deliveries expected, with more than 60% located in the outskirts of Bucharest.

    The total leasing transaction volume in Romania at the end of June reached 250.000 square meters, new agreements dominated the leasing structure and constituted 81%. Bucharest accounted for 35% or a total of 87,500 square meters of the leased industrial and logistic space, and the most significant share of deals were new agreements and renegotiations, which constituted 55% and 37% respectively.

    Tenant structure in terms of sectors in the Romanian market was dominated by retail/FMCG sector, which generated 50% of all deals, while in Bucharest it was led by 3PL/logistics (35%) and light production/manufacturing (33%).

    Profi’s new logistic facilities in Timișoara and Craiova were the most important developments, covering 115,500 square meters.

    Rents for prime warehouse spaces remained broadly stable this year, between 3,8-3,9 euro per square meter for prime industrial & logistic spaces around Bucharest and around 3,7-3,9 in other hubs around the country.

    For comparison, in the area of ​​Warsaw, Sofia or Budapest the rents amount to 5 euro per square meter. The average lease lengths in Romania are 3-5 years in case of logistics / warehouse premises and 5-7 years in case of production/manufacturing.

  • Bucharest has been the most dynamic logistics market in the region

    Bucharest has been the most dynamic logistics market in the region

    The stock of industrial and logistics spaces in Bucharest has doubled between 2015 and 2020, the capital of Romania being the most dynamic market in the Central and Eastern European region and a logistic regional hub throughout the analyzed period, according to the real estate consulting company Cushman & Wakefield Echinox.

    At the beginning of 2019, the stock of logistic spaces surrounding the Capital has exceeded the 2 million square meters threshold, getting close to Budapest level of 2.3 million square meters which incresed with approximately 23% over the last five years.

    The area of ​​modern logistics spaces in Bucharest is above the level of Bratislava (1.3 million square meters), but still remains below the level of Prague (3.2 million square meters) and Warsaw (4.3 million square meters), these being the most developed logistics markets in the region.

    The logistics spaces stock evolution in the capitals of Central and Eastern Europe in the last five years

    CityLogistic spaces stock 2015 (thousand sq.m)Logistic spaces stock T1 2020 (sq.m)Evolution
    Bratislava8521,30854%
    Bucharest9592,039113%
    Budapest1,8562,28723%
    Prague1,8623,16270%
    Warsaw2,7614,32056%
    Source: Cushman & Wakefield

    Given that developers are building new spaces with a leasable area of ​​over 150,000 square meters, Bucharest logistics market will continue to grow during this year, in order to meet the demand from online retailers and FMCG, two areas which have been less affected by the restrictive measures taken by authorities to limit the spread of the Covid-19 virus.

    At a national level, the logistics and industrial markets reaches over 4 million square meters, with important industrial development poles in Timişoara, Cluj or Ploieşti, cities that are well positioned to attract new investment, as the tendency is to shorten supply chains and encourage local production for certain categories of products considered essential or strategic.

  • Profi, two new logistic projects in Timisoara and Craiova

    Profi, two new logistic projects in Timisoara and Craiova

    Profi expands its logistic activities by contracting two new projects in Timisoara (58,000 sqm) and Craiova (57,000 sqm), which will be developed and rented out by the Belgian logistics real estate expert WDP.

    JLL has advised PROFI in both transactions, thus continuing the partnership started few years ago, which resulted in 250,000 sqm of logistics spaces contracted in Bucharest, Roman, Cluj, Craiova and Timisoara.

    These transactions are the two largest witnessed by the industrial market this year.

    With over 1,250 stores in 571 locations and a team of over 20,000 employees, Profi is the retail chain with the largest geographical presence in Romania. 

  • 90% of Romania’s industrial and logistics stock is located in eight cities

    90% of Romania’s industrial and logistics stock is located in eight cities

    The stock of industrial and logistics spaces in the local market has exceeded the 4 million square meter threshold, 90% of the total stock being concentrated in eight large cities from the southern, central and western parts of Romania, according to the Romania Industrial & Logistics Market report, made by the Cushman & Wakefield Echinox real estate consulting company.

    The only cities in the eastern part of the country that have attracted the attention of private developers of industrial and logistics parks are Iaşi, Roman and Brăila, which however accumulate less than 3% of the total stock, being avoided by most developers and potential investors primarily because of the problems related to infrastructure. By comparison, the stock in Sibiu is higher than in the entire Moldova region.

    Bucharest is the largest market

    Bucharest is the largest market, with almost 1.9 million square meters, coresponding to a share of about 46%, followed by Timisoara, which has crossed the 500,000 square meters threshold, and Ploiesti, with around 370,000 square meters. Over the last five years, the market has doubled, as developers have delivered between 400,000 and 500,000 square meters / year.

    2020 has the potential to become a record year, with a pipeline of about 700,000 square meters, out of which 400,000 square meters are expected to be delivered in Bucharest, where, besides the established western area connected to the A1 motorway, two other important logistics hubs are emerging: North-West (Dragomirești, Chitila, Mogoșoaia) and North (Ştefăneşti).

    The transactional activity remained at a high level in 2019, the companies leasing approx. 477,000 square meters, out of which contract renewals represented only 20%. The most active sectors were automotive (30% of the total demand), retail (physical and online – 20%), distribution in various sectors (12%) and logistics and transportation (10%).

    The largest owners of industrial and logistic spaces are CTP and WDP, which have a cumulative portfolio of about 2 million square meters, thus controlling half of the market. On the other hand, other developers, such as VGP, Global Vision, Industrial Element, P3 or Helios Phoenix, show a growing appetite for expansion.