Panattoni, market leader in industrial real estate in Europe, is developing another distribution centre in the Warsaw area. Panattoni Park Konotopa III, planned to total close to 60,000 sqm, will be built right next to the junction of the A2 motorway with the S8 expressway. The project will be executed in several stages, and the tenants will be able to move in this September.
Panattoni, European leader in industrial real estate, sells a portfolio of 5 logistics parks in strategic locations totalling 280,000 sqm to an Asian investor. This marks the Asian investor's first investment in Poland and the transaction was handled by Savills Investment Management.
Panattoni, market leader in industrial real estate in Europe, has sold Savills Investment Management a warehouse facility near Wrocław. The park with an area of 46,000 sqm was sold for around EUR 33 million. This is the third distribution center in Poland bought from Panattoni by Savills.
Savills Investment Management (SIM), acting on behalf of an Asian investor, has acquired five logistics parks located in Poland totalling approx. 280,000 sq m, developed by Panattoni Europe. This is the first transaction in Poland completed by the Asian investor. Savills Poland advised SIM on the transaction.
Radial, a bpost Group company,will move into the MLP PruszkówII logistics park to occupy over 9,000 m2of modern warehouse and office space. During the lease negotiations, the tenant was represented by Axi Immo.
The year 2020 will be a breakthrough for the warehouse market. In total, there will be over 1.8 million sq m of warehouse space, of which the most will be in the region of Silesia (478 thousand sq m) and Mazowsze together with Warsaw (482 thousand sq m). Thus, already this year, the available warehouse space will reach over 20 million sq m. A large number of warehouses under construction will provide tenants with greater selection and availability "immediately", which does not mean, however, that the market will be saturated - according to the CBRE report "Market Outlook".
The European logistics real estate market has never been hotter, with a wide variety of local and global investors clamoring for assets to fulfil their allocations. Much of that sentiment can be credited to consumers’ increasingly enthusiastic embrace of online shopping, which is necessitating the construction of a new breed of fulfilment centers. US-headquartered developer Panattoni established its European platform in 2004, and has since built up a formidable reputation for delivering logistics buildings in central Europe, Germany and the UK. Panattoni Europe chief executive officer Robert Dobrzycki explains to PERE’s Stuart Watson how the company is hoping to ride the ecommerce wave into other European territories.
Panattoni, market leader in industrial real estate in Europe, expands in Legnica – an alternative to Wrocław in the industrial property sector. The developer has launched the construction of 25,000 sqm at Panattoni Park Legnica, out of 90,000 sqm planned. The first facility will accommodate the polish production site of the Spreadshirt Group – a global e-commerce company that empowers people to express themselves on-person and in the world around them with personalised and custom-made products. Already in August 2020, the company will be taking up in excess of 11,000 sqm of production and warehouse space at the upcoming facility. The lease was mediated by JLL.