ARTICLES LABELLED WITH TAG warehouse

Panattoni is opening up another market - this time the developer has chosen Radom, the largest city in Mazowsze following Warsaw. The Panattoni Park Radom distribution centre, which will have an area of 44,200 sqm at full build-out, is being constructed 10 minutes from the S7 and 10 km from Warsaw-Radom airport. The first two buildings with a combined area of 13,500 sqm are to be completed at the end of 2022/beginning of 2023 and they already have tenants from the logistics and grocery sectors. 

The Polish warehouse market continues to strengthen its European position. The market’s already high demand was further boosted in Q1 2022 by increased activity in the manufacturing sector.

As part of its 2022 Savills "Impacts" research programme, the global logistics sector has the wind behind it for the foreseeable future, with the main drivers being ecommerce, and the race for additional warehouse space to secure international company supply chains.

P3 Logistic Parks has started construction of the final warehouse - comprising 77,630 sqm - at its Poznań park, located in a convenient location between Berlin in Germany, and Warsaw in Poland. Almost a third of the new space, 25,507 sqm, has already been leased to the logistics company Kurier, owned by VAN group.

Panattoni is extending Panattoni Park Wrocław West Gate. The building now under construction is to be occupied by international logistics operator Hellmann Worldwide Logistics Polska sp. z o.o. sp.k., which is to take up 16,200 sqm within the next few months. After the expansion, the park will have an area of around 46,900 sqm and Panattoni will come close to having developed 2 mln sqm in the Wrocław region.

According to Newmark Polska, Poland’s total warehouse and industrial stock surpassed the 25 million sqm mark, representing a 16.6% increase in the same period in 2021. New supply in the first three months of this year reached close to 1.3 million sqm, the best quarterly result in the history of the Polish market.

Cushman & Wakefield has released a report summarizing the first quarter of 2022 on the Polish industrial market. According to its data, total warehouse take-up in the first three months of this year reached 1.56 million sqm while the development pipeline hit a record 4.8 million sqm.

Construction work has started on Panattoni Park Piła in Poland’s Wielkopolska province. The 44,000 sqm logistics park is already 90 pct leased – with Signify having taken up 33,500 sqm.

The volume of investment deals in the Polish market of industrial and logistics properties in the first quarter of 2022 was €191 million. And although the current economic situation and the high level of uncertainty related to the war in Ukraine pose new challenges for the logistics sector, in the long term, there will be no significant changes in terms of the volume of demand and supply. However, the growth rate of this part of the market may be lower than in previous years, according to the 7R and Colliers report “Logistics and Industrial Sector: Development Paths from the 2022 Perspective”.

In the first quarter of 2022, MLP Group almost doubled its net profit, which came in at PLN 29.7 million, having increased 84% year on year.