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  • LPP Logistics extends lease agreement over 30,000 sqm at Panattoni Park Gdańsk III
Press releases

Published:

09.01.2024

LPP Logistics extends lease agreement over 30,000 sqm at Panattoni Park Gdańsk III

Panattoni, the world's most active industrial real estate developer, continues its cooperation with LPP Logistics. The logistics operator from the LPP Group, the largest fashion company in the CE region, has renewed its lease agreement for 31,800 sqm at Panattoni Park Gdańsk III.

Published:

09.01.2024

Panattoni_Park_Gdansk_III

Panattoni, the world's most active industrial real estate developer, continues its cooperation with LPP Logistics. The logistics operator from the LPP Group, the largest fashion company in the CE region, has renewed its lease agreement for 31,800 sqm at Panattoni Park Gdańsk III. The owner of such brands as Reserved, Cropp, House, Mohito and Sinsay supplies stationary stores in Central Europe from the facility. 

The LPP Group currently operates in 39 countries and has more than 2,000 stationary stores. International expansion requires efficient logistics facilities, which Panattoni turns out to be an excellent partner in providing. The developer has completed investments of more than 165,000 sqm for LPP Logistics. In the last 15 months, it has commissioned two fulfillment center facilities for the company to handle e-commerce orders - nearly 70,000 sqm in Jasionka near Rzeszów and over 64,000 sqm in Pruszcz Gdański.

The Tri-City region plays an important role in the cooperation between the two companies. This is where the cooperation began, and in addition to the facility in Pruszcz Gdański, LPP Logistics also leases 31,800 sqm within Panattoni Park Gdańsk III. The lease agreement for the latter space was extended at the turn of November and December last year. The facility currently serves as a distribution center, supporting the operation of stationary stores in Central European markets, including the Polish market. Along with the contract extension, LPP Logistics has begun work on implementing automation to streamline logistics processes at the facility. Their degree of sophistication will be adjusted to the company's operational needs and the warehouse space.

- "For LPP, the Tri-City is a special location - this is where the company originated and where its headquarters are located. Being a key partner in such an important region, we feel part of the history that has led the Group to a leadership position in Central Europe. We are pleased that LPP appreciates our prowess in realizations for the fashion industry and continues its lease at Panattoni Park Gdańsk III," - says Martyna Sochaczewska, Leasing Director at Panattoni - "When we signed the first lease with LPP in Gdańsk - for 16,000 sqm. - it was one of the largest transactions in Pomerania. Today we have more than 600,000 sqm in the Tri-City region, of which we have completed about 100,000 sqm for this client." - She adds.

- Thanks to our long-standing cooperation with Panattoni, we are successfully implementing the assumptions of the LPP Group's omnichannel strategy and maintaining fluidity in the flow of goods in the supply chain. The facility in Panattoni Park Gdańsk III relieves our distribution centers in Pruszcz Gdański and Brześć Kujawski, making it even more efficient for us to supply stores in the Central European region," comments Sebastian Sołtys, president of LPP Logistics.

An important advantage of Panattoni Park Gdańsk III, which motivated us to extend the lease agreement, was the investment's excellent location, very important in the context of serving both the domestic market and several European ones. The complex is located 10 kilometers from the center of Gdansk and just 15 kilometers from the constantly growing Port of Gdańsk, where 41.2 million tons of goods were handled in the first half of 2023 - 36 percent more than in the same period of 2022. In addition, LPP gains an excellent connection to the S6 road, which will eventually connect the entire coast - from the northwestern border to the Tri-City. As part of the facility, the company also benefits from energy-saving solutions, such as a dynamic control system.

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Panattoni has delivered yet another project in the Małopolska region completing construction on Panattoni Park Kraków East IV. The development is now to be financed with a EUR 10.5 mln loan granted by Bank Gospodarstwa Krajowego. The centre has been fully leased out to OMEGA Pilzno.

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Work completed on Panattoni Park Kraków East IV. Panattoni has been granted a EUR 10.5 mln loan from BGK

Panattoni has delivered yet another project in the Małopolska region completing construction on Panattoni Park Kraków East IV. The development is now to be financed with a EUR 10.5 mln loan granted by Bank Gospodarstwa Krajowego. The centre has been fully leased out to OMEGA Pilzno.

Panattoni begins construction work on a new park near Łódź with 30,000 sqm of speculative space in the centre of Poland

Panattoni is launching the construction of a new speculative centre in the Łódź region. The project is to have an eventual size of close to 30,000 sqm and is located at a strategic point in central Poland thus providing excellent conditions for logistics operations as well as for distributing goods on a national or international scale.

Panattoni receives EUR 21 mln in financing from mBank for City Logistics Kraków III

Panattoni has received financial support for the development of the City Logistics Kraków III project. The EUR 21 mln loan granted by mBank will make it possible to finalise the construction of this modern logistics park strategically located in Kraków’s Nowa Huta district.

Construction work begins on Panattoni Park Gdańsk City Airport with 18,400 sqm of speculative space

Panattoni has begun work on Panattoni Park Gdańsk City Airport, a new project in the district of Pomerania. The development is being built on a speculative basis and will comprise two modern distribution buildings with a combined area of over 18,400 sqm.

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