European Logistics Market Overview Q2 2026 now available
Newport by Panattoni has published its latest European Logistics Market Overview Q2 2026, providing an update on the key trends shaping logistics real estate across Europe.
After a period of market adjustment, the sector is showing signs of stabilisation. However, the next phase of the cycle is becoming more selective. For investors, growth alone is no longer the main story. Asset quality, location, occupier demand and disciplined capital deployment are becoming increasingly important.
The report looks at the current investment environment for European logistics, including the return of transaction activity, stabilising prime yields and the continued focus on modern, well-located assets. It also explores the structural trends supporting logistics demand, from e-commerce and supply-chain optimisation to the growing role of sustainability and technical quality in occupier and investor decision-making.
For Newport by Panattoni, these themes are closely aligned with its investment approach: building exposure to logistics assets in selected European markets, supported by strong fundamentals, tenant demand and long-term asset relevance.
The full European Logistics Market Overview Q2 2026 is available here:
https://newport-im.com/report/european-logistics-market-overview-q2-2026/
Construction underway at Wakefield 500 in the UK
Newport by Panattoni has announced that construction is now underway at Wakefield 500, a major logistics asset within Newport Logistics Fund III’s UK portfolio.
Located at Wakefield Europort in West Yorkshire, the scheme will provide a 500,000 sq ft speculative logistics unit. It is expected to become Yorkshire’s only unit of this scale available on a speculative basis and one of the largest Grade A logistics opportunities in the North of England.
Wakefield Europort is a proven distribution location, offering road and rail connectivity to the North of England, the Midlands and wider UK markets. The asset is designed to respond to occupier demand for large-scale, modern logistics space in a region with strong access to major consumer markets.
From an investment perspective, Wakefield 500 combines the key fundamentals sought by institutional logistics investors: scale, connectivity, power availability, sustainability performance and intermodal potential.
The scheme is targeting BREEAM Outstanding, an EPC A+ rating for the warehouse, an EPC A rating for the offices and net zero carbon in construction. Practical completion is targeted for May 2027.
Wakefield 500 is Newport’s fourth UK investment and further strengthens Newport by Panattoni’s presence in one of Europe’s key logistics markets.
Paris West reaches new construction milestone for Newport Logistics Fund III
Panattoni Park Paris West, a French logistics investment within Newport Logistics Fund III, has reached a new construction milestone.
Partners and local representatives recently gathered in Gaillon/Val d’Hazey for a symbolic first-stone ceremony. While works had already been underway on site, the event marked an official moment to bring together the partners involved in the project.
The investment comprises a 37,000 sqm logistics asset on a redeveloped brownfield site along the Seine Axis, between Paris and Le Havre. The location provides access to the Greater Paris gateway, the Normandy logistics corridor and multimodal transport options, including the A13 motorway, rail connection to Paris and potential use of river transport.
The asset is designed as a flexible logistics platform, divisible from approximately 18,000 sqm and suitable for one or several occupiers. The target occupier profile includes high value-added logistics users, including pharma and cosmetics.
Paris West is being developed with a focus on sustainability-led asset quality. The project is targeting BREEAM Excellent certification and includes rooftop photovoltaic panels, heat pumps and biodiversity measures.
Delivery is planned for Q1 2027.
Key highlights
Market exposure: Greater Paris gateway and Normandy logistics corridor location along the Seine Axis.
Occupier flexibility: 37,000 sqm logistics platform, divisible from approximately 18,000 sqm for one or several occupiers.
Asset profile: redeveloped brownfield logistics investment, targeting BREEAM Excellent certification with rooftop PV and heat pumps.
Haydock 66 completed for Newport Logistics Fund II
Haydock 66, a UK logistics asset within Newport Logistics Fund II, has been completed.
Located in one of the North West’s key logistics locations, the asset benefits from direct access to the M6/M62 network and strong links to Liverpool and Manchester. The location supports regional distribution, occupier operations and access to one of the UK’s established logistics markets.
The completed asset combines strong location fundamentals with an occupier-ready specification. Haydock 66 includes secure yard space, strong power provision, Net Zero Carbon construction, an EPC A+ rating and a BREEAM Outstanding target.
For Newport Logistics Fund II, Haydock 66 represents another completed asset in a core European logistics market and reflects the Fund’s focus on turning logistics fundamentals into investable real estate.
The recent broker viewing presented the completed asset to the market and highlighted the key drivers behind the investment: location, specification, sustainability and long-term asset quality.
Key highlights
Market exposure: Dortmund location in Germany’s Ruhr region, supported by strong industrial demand and motorway connectivity.
Occupier flexibility: approximately 18,500 sqm logistics and light industrial facility, designed for single-tenant use or division into two units.
Asset profile: flexible logistics and light industrial investment, with DGNB Gold certification targeted.
Dortmund logistics investment strengthens Newport’s German portfolio
Newport Logistics Fund III has added a new logistics and light industrial investment in Germany’s Ruhr region, one of the country’s key logistics and industrial markets.
The investment, known as Dortmund, is located in Schwerte, North Rhine-Westphalia, close to the A1/A45 interchange. The location gives the Fund exposure to a large and supply-constrained German market, supported by strong regional infrastructure and established industrial demand.
The project will comprise approximately 18,500 sqm of logistics and light industrial space. The format is designed to support occupier flexibility, with potential for either single-tenant use or division into two units.
The investment rationale is based on Ruhr region fundamentals: constrained supply, low vacancy, motorway connectivity and access to a new municipal industrial park developed in close cooperation with the city and TechnoPark und Wirtschaftsförderung Schwerte GmbH.
Dortmund is designed with a focus on operational performance and sustainability-led asset quality. The project is targeting DGNB Gold certification and will include fossil fuel-free heating, a photovoltaic system, rainwater use, smart metering and e-mobility infrastructure.
Completion is planned for Q3 2027.
Key highlights
Market exposure: Dortmund location in Germany’s Ruhr region, supported by strong industrial demand and motorway connectivity.
Occupier flexibility: approximately 18,500 sqm logistics and light industrial facility, designed for single-tenant use or division into two units.
Asset profile: flexible logistics and light industrial investment, with DGNB Gold certification targeted.
Silesia II adds scale and tenant visibility to Newport Logistics Fund III
Newport Logistics Fund III has added Silesia II, a new logistics and industrial investment in Upper Silesia, Poland. The project will deliver over 132,000 sqm of modern industrial space and is already over 75% pre-leased at the development stage.
The asset is anchored by Latex Opony, one of Poland’s leading tyre market companies, which has leased 100,000 sqm on a 10-year lease. For Fund III, the lease provides visibility on the future income profile of the asset and supports the investment case at an early stage of development.
Silesia II is located in Upper Silesia, one of Poland’s key logistics and industrial regions. The asset benefits from access to the A1 motorway and the regional road network, supporting north–south distribution routes and occupier operations across the region.
The building will be adapted to the tenant’s operational requirements, including dedicated fire zones and a sprinkler system designed for tyre storage. The investment is planned to achieve BREEAM Excellent certification.
For Newport by Panattoni, Silesia II reflects the platform’s focus on institutional-quality logistics and industrial assets where scale, connectivity, occupier demand and disciplined investment execution come together.
Key highlights
Market exposure: Upper Silesia location in Poland, one of Central Europe’s established logistics and industrial markets
Occupier demand: strong pre-letting profile, with over 75% of the asset already leased at the development stage.
Asset profile: over 132,000 sqm logistics and industrial investment in Upper Silesia, with BREEAM Excellent planned.
Newport Logistics Fund III adds Park Karlsruhe as sixth project
Newport Logistics Fund III has added Park Karlsruhe to its portfolio, marking the fund’s sixth project and its second German investment.
Located in the Karlsruhe region, close to the French border, the project strengthens Fund III’s exposure to Germany, one of Europe’s deepest logistics and industrial real estate markets.
Park Karlsruhe will comprise approximately 33,200 sqm of logistics space across four units ranging from around 4,000 sqm to 10,500 sqm. The format is designed to support a broad occupier base, including light industrial, e-commerce, automotive, pharmaceutical and food logistics users.
The investment rationale is based on access to a major European logistics market, a strong regional economy, A5 motorway connectivity and proximity to Western European supply chains. The location provides access to both domestic German demand and cross-border distribution routes.
According to Newport’s Q1 2026 European Logistics Market Overview, Germany recorded approximately 6.1 million sqm of logistics take-up in 2025, while pre-letting activity remained relatively strong at around 65–75%. This points to continued occupier interest in modern, high-quality logistics space.
Park Karlsruhe is designed with a focus on operational efficiency and building performance. The project includes fossil fuel-free heating, smart metering, rainwater use, e-mobility infrastructure and biodiversity measures. The development is targeting DGNB Gold certification.
Construction is scheduled to start in Q3 2026, with completion planned for Q3 2027.
Key highlights
Fund III progress: sixth project in Newport Logistics Fund III.
German market exposure: second German investment in the Fund III portfolio.
Asset profile: approximately 33,200 sqm flexible logistics park in the Karlsruhe region, targeting DGNB Gold certification.
Leroy Merlin BTS asset completed near Malaga, Spain
The close to 25,000 sqm build-to-suit logistics asset in Antequera, Andalusia, has been handed over to Leroy Merlin. The facility was designed around the retailer’s logistics requirements in southern Spain and reflects demand from an established European home improvement and DIY operator.
For Newport by Panattoni, the completion represents an important delivery step within Newport Logistics Fund II. It is an occupier-led asset with a defined tenant requirement, long-term occupier commitment and reduced speculative leasing exposure.
The project is the fifth of seven assets within Newport Logistics Fund II to reach completion, further demonstrating execution progress across the Fund II portfolio.
The asset is located in Antequera Business Park, with direct access to the A-45 motorway and proximity to Malaga, Malaga Airport and the Antequera Dry Port. The location forms part of Andalusia’s wider logistics network, with access to Mediterranean and Atlantic corridors supporting Southern Spain’s role as a gateway between Europe, North Africa and wider global trade routes, including the Americas and Asia.
The facility includes PV installation, EV charging, LED lighting, A-rated office space and is targeting BREEAM Excellent. It reflects Newport’s focus on accessing occupier-led logistics assets in strategic European locations, with the quality standards expected by institutional capital.
Key highlights
Asset: close to 25,000 sqm BTS logistics facility in Antequera, Andalusia
Occupier: Leroy Merlin, a leading European home improvement and DIY retailer
Fund progress: fifth of seven projects within Newport Logistics Fund II to reach completion
Location: Antequera Business Park, with access to Malaga, the A-45 motorway and the Antequera Dry Port
Investment profile: occupier-led logistics asset aligned with institutional buyer expectations
Newport expands Fund III with its fifth project: Panattoni Wakefield 500 in the UK
Newport by Panattoni has added Panattoni Wakefield 500 to Newport Logistics Fund III, marking the fund’s fifth project and Newport’s fourth UK investment.
The project will comprise an approx. 500,000 sq ft single cross-docked logistics and warehousing asset on a 23-acre site at Wakefield Europort, West Yorkshire. Construction is scheduled to start in Q2 2026.
For Newport Logistics Fund III, Wakefield 500 strengthens exposure to the UK logistics market and marks a move from mid-box to big-box logistics. The project combines scale, motorway connectivity, intermodal potential and long-term occupier relevance in a proven UK logistics location.
Wakefield Europort provides direct access to the M62, with links to the M1 and A1(M), supporting distribution across the North, the Midlands and wider UK markets. The location also benefits from intermodal rail freight infrastructure, adding flexibility for occupiers focused on supply-chain efficiency and lower-carbon logistics options.
The development is targeting BREEAM Outstanding and net zero carbon in construction. It gives Fund III selected exposure to large-format logistics development in the UK market, supported by Panattoni UK’s sourcing and delivery capability.
Key highlights
Asset: approx. 500,000 sq ft single cross-docked logistics and warehousing facility
Location: Wakefield Europort, West Yorkshire, with access to the M62, M1 and A1(M)
Investment profile: fifth Fund III project and Newport’s fourth UK investment, expanding Fund III’s exposure into UK big-box logistics
Building performance: targeting BREEAM Outstanding and net zero carbon in construction
New investment: Panattoni Park Poznań Nagel
Newport is adding Panattoni Park Poznań Nagel, a 46,000 sqm build-to-suit logistics asset developed for Nagel-Group, one of Europe’s leading food logistics providers.
The project is located in Poznań, Poland, on the A2 corridor, one of the country’s key east-west logistics routes connecting the German border with Warsaw and wider CEE distribution networks. The asset combines long-term occupier commitment with exposure to food logistics and cold chain, sectors supported by demand for reliable and well-connected distribution infrastructure.
The facility is planned to achieve BREEAM Excellent certification. Its building performance profile will include heat recovery from the cooling system and biological wastewater treatment, supporting the long-term quality and sustainability profile expected from modern logistics real estate.
The investment reflects the type of asset Newport targets through Logistics Fund III: supported by occupier demand, strong location fundamentals and asset quality standards expected by institutional buyers of modern logistics real estate.
