Panattoni Europe and Standard Life Investments announce that a lease contract at Panattoni Park Teresin has been extended. 35,600 sqm of modern warehouse space will continue to be occupied by its current tenant - DSV Group.
DSV Group - a global leader in the logistics and transportation market - is staying at Panattoni Park Teresin, owned by Standard Life Investments and developed by Panattoni Europe. The lease contract has been extended by another 5 years for the 35,600 sqm occupied to date. The transaction was mediated by the real estate firm Colliers International.
"We chose this development in 2007 due to its good location and the competitive rental rates offered. Both factors again played a key role in our decision to extend the contract. On top of that we have experienced excellent facility management and true partnership approach in Panattoni Park Teresin over the past four years. Adding all above together I am confident that we have made the right choice for DSV", says Thomas Jansson, CFO at DSV Poland.
DSV also uses Panattoni logistics parks in Pruszków, Kraków and Łódź, leasing in total more than 55,000 sqm of warehouse space from Panattoni in Poland. Moreover, the development of a 6,500-square-metre build-to-suit investment (for DSV) was recently completed at Panattoni Park Prague-Airport in the Czech Republic. Panattoni Park Teresin lies in zone three of the Warsaw metropolitan area, with a well developed road infrastructure. The advantages of the location include the vicinity of the national road no 2 Warsaw-Poznań, planned motorway A2 linking Berlin and Warsaw, as well as a railway line connecting Western and Eastern Europe.