ARTICLES LABELLED WITH TAG Panattoni Europe

Panattoni Europe has embarked on the construction of City Logistics Warsaw I, planned to total 26,000 sqm. Completion of construction works and delivery to the tenants is planned for the coming October.

ELI, a company incorporated in Netherland, and co-managed by Griffin Real Estate (GRE), finalised the acquisition of a portfolio of nine operating logistics parks developed by Panattoni Europe. The value of the deal is around €200 million. At the same time, Panattoni Europe jointly with ELI plans to invest circa €800 million to enlarge the newly acquired portfolio into a leading Polish logistic platform. GRE and Panattoni will co-manage the new venture going onwards.

Panattoni Europe nears the finish line with the launch of its fourth logistics centre in Tricity. Panattoni Park Gdańsk IV, with 41,500 sqm planned at full build-out, is only 4 km away from the Port of Gdańsk and the deep-water container terminal DCT Gdańsk, and the first tenants will be able to move into it already in the coming August.

Panattoni Europe commenced the construction of a new distribution centre near Warsaw. Completion of the first part of the investment is anticipated in February 2019. The lease transaction was mediated by the advisory firm JLL.

Panattoni Europe has sold another logistics facility, Panattoni Park Warsaw West V totalling 70,000 sqm. The buyer is a Dutch company controlled by one of the leading global real estate investment firms, for whom this is the first investment in the Polish warehouse market.

Panattoni Europe is developing another warehouse facility for an e-commerce business. This time it is expondo Polska, which will take up 30,000 sqm at Panattoni Park Zielona Góra, currently under development. The tenant will be able to move into the complex already in the coming October.

LPP SA, the owner of brands including Reserved, Cropp, House, Mohito and Sinsay, has leased 16,000 sqm at Panattoni Park Gdańsk III, which will be dedicated to e-commerce. The complex is currently under development, and the tenant will be moving in already in Q3 2018.

Panattoni Europe has announced investments worth €1.2 billion in city logistics projects – facilities built within city limits dedicated to the so-called “last mile”. Already today in Poland, four such parks are under development, totalling €65 million in value, and the most recent development – City Logistics Warsaw has already secured its first tenant. It is Frisco.pl – the online supermarket. In the space of 3 years, the developer will systematically pursue successive markets, including Germany, the United Kingdom and the Czech Republic.

Panattoni Europe will develop its third manufacturing facility for Ideal Automotive. This time, the factory will be built in Świdnica, at the Wałbrzych Special Economic Zone Invest-Park, and will take up approx. 27,400 sqm. Construction works will commence as early as this April, and are scheduled for completion in Q4 of this year. The lease was mediated by the advisory firm Colliers International.

Panattoni Europe will build the main warehouse for Leroy Merlin in Central Poland, Łódź voivodeship. The facility will exceed 123,600 sqm at ground level, which makes it a record-breaking project in the Polish warehouse market. Construction works are scheduled to begin already in Q2 of this year and are expected to end in Q4 2019. The facility will undergo the BREEAM environmental certification process aiming for a Good rating.