Panattoni, market leader in industrial real estate in Europe, ventures into Silesia with a project dedicated to city logistics. The developer has acquired a 14.4-hectare site at ul. Miedziana to build City Logistics Katowice. Construction works at the park, anticipated to feature 70,000 sqm at full build-out, will commence before year-end.
Portfolio covers 47 logistics properties across Poland, Hungary, Romania, the Czech Republic and Slovakia
Global real estate services firm Cushman & Wakefield has been appointed by Logicor to manage a portfolio totalling more than 1.7 million square metres of logistics real estate across dozens of sites in Central & Eastern Europe (CEE).
Strategically located along busy trade routes in Poland, Hungary, Romania, the Czech Republic and Slovakia, the portfolio – comprising of 47 logistics parks Logicor owns and operates in CEE – will be managed by Cushman & Wakefield’s EMEA Asset Services business.
The portfolio includes 33 logistics parks (1,297,000 sq m) in Poland, located in Warsaw suburbs, Central Poland, Wrocław, Silesia, Kraków, Rzeszów and Poznań. A further eight logistics parks (175,600 sq m) are in Hungary, four properties (159,000 sq m) in Romania, one (64,120 sq m) is in the Czech Republic and one (26,000 sq m) in Slovakia.
The Logicor account will be led by Zuzanna Paciorkiewicz, Cushman & Wakefield’s Head of Operations for Asset Services Poland, who will oversee teams based in Warsaw, Budapest, Prague and Bucharest as well as those on site.
Zuzanna Paciorkiewicz, Account Lead, Head of Asset Services Poland, Cushman & Wakefield, said: “Logicor has one of the largest directly-owned networks of logistics real estate in Europe and we are proud to be entrusted with managing a significant proportion of it in the CEE region. The portfolio also takes the total amount of property that we manage in Poland to 3.2 million square metres, making us the number one property management services provider in the country by space managed.”
The portfolio adds to the approximately 30 million square metres (323 million square feet) of commercial real estate in 14 countries managed by Cushman & Wakefield’s EMEA Asset Services business which provides property management services on behalf of corporate, institutional and private clients across the region.
Tina Reuter, Co-Head of EMEA Asset Services, Cushman & Wakefield, said: “Our value-adding Asset Services platform is focused on driving operational excellence, innovation and exceptional outcomes for our investor clients. We look forward to working with Logicor to deliver active and sophisticated management on this significant cross-border logistics portfolio.”
Source: Cushman & Wakefield
Panattoni Europe, industrial real estate leader in Europe, has embarked on the construction of Panattoni Park Zabrze with planned space of 64,200 sqm. The distribution centre is being built in a historic industrial part of the city, and has already secured its first tenants. They are – a beer producer set to take up 5,400 sqm and Ban-Food, a logistics operator with 2,200 sqm. The first 20,000 sqm will be available already this autumn.
Havi Logistics, a global supplier of complex logistics services in over 100 countries, is moving into new locations in Silesia and Warsaw. Experts from JLL represented the tenant in the process of searching for the new locations.
In Panattoni Park Silesia South, Havi Logistics has leased 13,100 sq m of warehouse space. Furthermore, the company has decided to occupy 1,800 sq m at City Logistics Warsaw II, which is also owned by Panattoni.
“Havi Logistics has already leased warehouse space in Silesia, but due to the rapid development of its services, the company needed additional space. The tenant selected Panattoni Park Silesia South, which provides comfortable and state-of-the-art class A space. In addition to the available standard space, Havi also has a cold store and freezer room at its disposal within the new warehouse object. The company has also moved its warehouse operations to Panattoni's new urban location in Warsaw, located at ul. Odlewnicza. Its development is another example of the healthy condition of Poland's warehouse sector, and confirms that developers are able to quickly respond to the interest of tenants. According to our data, by the end of 2018 the market had 15.7 million sq m of warehouse space. This is three times the amount it was ten years ago”, comments Ludwika Korzeniowska, Business Development Manager, JLL.
Panattoni Park Silesia South is a modern, class A warehouse park consisting of two buildings with a total area of about 70,000 sq m. The warehouses are located in close vicinity to National Roads 44 and 86, and the S1 expressway, which provides quick access to the A4 motorway. In addition, the property is located in the Katowice Special Economic Zone (Subzone Tychy), so that tenants can benefit from tax relief and exemptions.
City Logistics Warsaw II is a state-of-the-art, class A warehouse with a total area of nearly 14,000 sq m. It is dedicated to the needs of e-commerce and wider urban logistics. The investment is located at ul. Odlewnicza in Warsaw's Żeran district, just 13 km from the center of the capital. Furthermore, it is situated in close proximity to the S8 expressway, which allows access to the A2 motorway.
Source: JLL
Skanska Commercial Development Europe has sold a portfolio of four office buildings in two Polish regional cities. A fund managed by the Swedish fund manager Niam has purchased two investments in Krakow, Kapelanka 42 A and Axis, as well as buildings A and B at the Silesia Business Park complex in Katowice. This is the largest sales transaction conducted this year in the CEE office market and the largest transaction in the history of Skanska's activity in this region.
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