100,000 m² under construction

Panattoni Europe the leading warehouse space developer in Poland, informed about conducted investments. The developer is currently building 100,000 m² of warehouse space in key locations in Poland.

As one of only a few developers, Panattoni kicked off 2010 with several projects under development. At the moment there is ca 100,000 m² under construction. The developer has finalized phase 3 of Panattoni Park Łódź East (17,000 m²). Moreover, it is developing a facility for Farmacol next to Poznań (5,400 m²), as well as an eco-warehouse for H&M (30,000 m²), while in Warsaw a building for Torfarm (23,000 m²) and the 2nd phase of the distribution center in Czeladź (20,000 m²). In due course the construction of Panattoni Park Toruń (20,000 m²) is to commence for Cereal Partners Poland Toruń-Pacific, Nestle branch. Q2 2010 is to see the execution of the facility in Gdańsk (7,000 m²). 

- We closed 2009 with 250,000 m²  of newly leased warehouse space - said Robert Dobrzycki, Panattoni Europe Managing Partner for Central-Eastern Europe - Taking into account our 4% ratio of vacant space, we are forced to expand our parks. As was the case in 2009, we will primarily focus on Build-To-Suit projects in 2010.  

2010 investment plans

In 2010, the developer intends to focus on winning new BTS transactions and extending the existing facilities. In Central Poland this applies to Łódź, in the Warsaw region: the parks in Ożarów and Teresin, in southern Poland: Gliwice, Czeladź and Mysłowice, in the north of Poland: Gdańsk, in Lower Silesia: Wrocław. There will also be further development of the facilities in the Czech Republic (Prague) and Slovakia (new market in the portfolio since 2009), where the developer has started projects in Trnava and Senec.