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Panattoni continues expansion in Poland


2011-03-14



Panattoni Europe, the global property developer, will this year invest in several new warehouses at its logistics parks in four Polish cities, Puls Biznesu reported. The combined area of the planned extensions is 55,000 m2.

Construction work is about to get underway on a third warehouse at Panattoni Park Wroclaw II, which will have an area of 11,500 m2. Nearly 2,500 m2 will be taken up by “one of the largest logistics operators”. And in April the company will inaugurate the construction of four new warehouses in Gliwice, Lodz and Warsaw. Some 60% of the new space has already been let. According to Panattoni, while a year ago logistics companies accounted for 75% of space at its facilities, now there is growing demand from light manufacturing and food sectors.

In 2010 Panattoni opened warehouses with total area of 260,000 m2 in Poland. The aggregate area of leased space (manufacturing and warehousing) was 356,000 m2. The vacancy rate is 2%.



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