At the start of the year, investment into Polish commercial real estate was dominated by logistics. Warehouse assets worth €1.46 billion changed hands in Q1 2020, which almost equals the annual total for 2019 of €1.48 billion, according to a report by Renata Osiecka, AXI IMMO’s Managing Partner.

Panattoni received a BREEAM International New Construction certification with a Very Good rating. The new endorsement was awarded to the developer’s 60,000-square-metre project for Amazon in Okmiany near Bolesławiec. The facility was recognised for its features, including the water system which obtained the highest possible score.

Furniture retailer Jysk will begin building a new distribution centre in Ecser, Hungary in April. When in operation, the €200 million distribution centre will employ around 300 people and further strengthen the company’s logistics setup in Europe, the company announced.

Developer 7R has signed an agreement for a BTS warehouse facility for Hultafors Group, a leading Swedish company that provides a number of premium brands, such as Snickers Workwear, Hultafors Tools and Solid Gear, to professional craftsmen all over the world. The project, located in Goleniów (North-Western Poland), will be the country’s first A-class automated warehouse which uses the AutoStore system.  

In Q1 2020, Panattoni signed leases for more than 425,000 sqm, of which 207,000 sqm were taken up in March alone. There was 1,051,777 sqm under development, and since the beginning of its European operations, Panattoni has delivered 10 million square metres, with 7.6 million of that in Poland.

Panattoni is extending a production plant making specialised telecommunications systems at Panattoni Park Szczecin I. Next to the existing 32,000 sqm, the developer will build a further 24,000 sqm. As a result, this June the logistics and industrial complex will be 80 percent completed, and by year-end Panattoni intends to embark on the construction of the final 42,000 sqm phase of the park, completing the entire project planned to total 220,700 sqm.

Panattoni developer has leased approx. 13,400 sqm to VS Transport at Panattoni Park Wrocław VII. The tenant will be moving into the complex this April, and the developer is announcing the construction of a further 38,000 sqm at the same location.

Panattoni has leased out 35,000 sqm at Panattoni Park Gliwice III. As a result, another Panattoni distribution centre is now fully commercialised. The tenant will move into the park before the end of April and will use it for e-commerce order fulfilment.

Panattoni will deliver another project for K-FLEX, a manufacturer of thermal and acoustic insulation materials. Next to the company’s existing factory near Uniejów, the developer will build a 9,300-square-metre warehouse facility. The investment will commence in mid-2020.

Online grocer Rohlik.cz has expanded its footprint in Brno with the lease of a custom-built, 8,000 sqm facility at CTPark Brno Líšeň. The expansion comes as the company has outgrown its existing 4,000 sqm premises at CTPark Brno. The new facility will double the company’s current footprint and will include both warehousing and production areas. Move in is on schedule for September 2020.