PointPark Properties (P3), the specialist owner, developer and asset manager of warehouse properties, saw a resurgence in its development activity in 2013, including some speculative building, as the logistics market tightened across the EU, but particularly in Central European markets such as the Czech Republic and Poland. Already high P3 occupancy rates picked-up, and the increasing dearth of available space meant a slight fall in new leasing deals relative to 2012’s robust volumes.
The Czech Republic was P3’s largest European market in terms of leasing deals in 2013, and its third largest (after France and Germany) in terms of leased area. A 46,164 sqm lease extension by Czech logistics firm Hopi at the PointPark Prague D1 logistics park was the year’s biggest deal, followed by a 15 year, 41,140 sqm renewal agreed with fruit distributor Univeg at Waddinxveen in the Netherlands. A long-term lease with global logistics provider Dascher for 30,420 sqm at the Savigny II park in France’s Burgundy region was P3’s largest new piece of leasing business in 2013.
