Panattoni has had this 2020 a test of fire in its new stage in the Spanish logistics market, which has solved with a portfolio of 10 projects and an increasingly consolidated team, that incorporates professionals with great experience to consolidate a winning project in a scenario marked by the rise of electronic commerce.
In a year such as 2020 marked by the Covid-19 pandemic, Panattoni, with the help of its general director Gustavo Cardozo, has thrown itself fully into new projects, which has allowed it to consolidate itself successfully and face new plans for the immediate future.
"The market is healthier," says Gustavo Cardozo, since all the product is absorbed, which shows the balance between supply and demand and still leaves room for opportunities, although increasingly scarce, in the purchase of land.
In this same sense, Cardozo points out the role that investment is giving to the logistics sector and that goes beyond the simple shelter, since the boost of e-commerce gives it a long term solidity that awakens the interest of great international actors and gives it a great attraction and dynamism in moments of great uncertainty such as those experienced this 2020, as shown by the active demand that is perceived.
Likewise, the versatility and the reputation of the promoter are two other factors that have marked Panattoni's offer and that together with the freedom the company has by not being linked to a specific investor allows it to analyze and propose projects with total independence.
To take advantage of "the sweet moment the logistics sector is going through", as Cardozo indicates, Panattoni is forming a very experienced team in which well known names in the sector stand out and with which they are looking to carry out an important transformation that will allow them "to have their own space and projects to consolidate a leading position in the Spanish logistics sector".
10 new projects in progress
With these figures, Panattoni already has ten projects in its portfolio in the Spanish logistics market and, as Cardozo explains, it is already preparing a 2021 of a similar level of activity to this year. They are even working on an imminent entry into the Portuguese market, as well as on new developments.
Among the projects already ongoing by the company, the logistics warehouse to be occupied by Leroy Merlin in the municipality of Torija in Caracas stands out. Work will begin as planned at the beginning of the year, with a view to delivering a 27,200 m2 warehouse on a 44,100 m2 plot of land during the third quarter of 2021.
On the other hand, in Vitoria they are also being carried out the procedures to apply for the building license for a new project, which will be defined in the next few months and in whose commercialization there are already working with several clients, after obtaining two plots of a total of 57,000 m2 in Jundiz.
Something similar happens with two other simultaneous projects in the Valencian municipality of Picassent, with 14,000 m2 and 6,000 m2 respectively, and whose construction will begin once the typology of the building demanded by the client has been defined.
There is also an ongoing operation in Barcelona on a 47,000 m2 site, in addition to two others operations in Guipúzcoa and Zaragoza, for e-commerce.
In this regard, Cardozo points to the dynamism that has been injected by e-commerce in the construction of logistics warehouses and that opens the possibility of developing products for logistics in almost any provincial capital, since customers are asking for implementations in increasingly different sites, with a profile that is not patrimonial, although it also has enough capacity to adapt to take over the management of assets in some cases.
It is precisely at this point that one of the points that make the difference appears, since Panattoni, assures Cardozo, "we will go to those places where others cannot, in order to remain close to our clients", in order to reach the level that the company already has in its main European markets, such as Germany, Poland, the United Kingdom and the Netherlands.
Similarly, at the dawn of the e-commerce boom, Panattoni also values options for entering the urban logistics segment, "one of the most demanded products lately", as Cardozo explains, and which poses a whole series of challenges when it comes to going hand in hand with the municipal administrations in order to carry out developments as closer as possible to the urban centers.
Finally, the company does not lose sight of the growing importance of sustainability in the logistics sector as a "committed sector" that also seeks savings when it comes to reducing pollutant emissions.
Perhaps the only danger that Cardozo detects in the Spanish market is the scarcity of land that is beginning to be noticed in certain locations and requires decisive action by the authorities, both at the level of development and the creation of infrastructure.