Panattoni finalised the sales of twelve industrial parks across Poland in 2023. The total combined value of the transactions comes to ca. €500 million.
In 2023, Panattoni dispositions accounted for 50% of the industrial transaction volume in Poland while the total country’s investment volume reached around €2 billion.
“Last year, Panattoni in Poland closed ca. €0.5 billion of asset dispositions volume, once again demonstrating the long-term strength of our industry. However, prospects for the coming quarters remain our key focus. Further capital liquidity improvement is relying on stabilising financing cost prognosis and many investors have raised significant amounts of equity that have not yet been deployed. The buyers are monitoring the market for the investment product fitting into their strategies. The market in Poland is based on solid fundamentals and is particularly attractive compared to the rest of Europe. The country’s strategic location, its well-developed infrastructure, its highly skilled workforce and also its modern stock of ESG-compliant centres combine into a long-term growth advantage. This strength is noticed by the international capital”, comments Michał Stanisławski, Head of Asset Disposition at Panattoni.
Developments in the Lower Silesia region saw the most interest from buyers with the region accounting for five of the twelve Panattoni transactions. One of these – the 185,000 sqm Wrocław Campus – was the largest real estate transaction of last year. In the Wrocław area, the developer also sold Panattoni Park Wrocław S8 South, located next to a junction of the A4 motorway and an expressway. Other regions saw the sales of Panattoni Park Żory with an area of 37,600 sqm, Panattoni Park Poznań XIII with an area of 42,000 sqm and Panattoni Park Łódź A1 with an area of 56,000 sqm.