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  • LX Pantos Poland to occupy over 43,500 sqm at Panattoni Park Wrocław XIII
Press releases

Published:

09.12.2021

LX Pantos Poland to occupy over 43,500 sqm at Panattoni Park Wrocław XIII

Panattoni, the leader of the industrial real estate market in Europe, has secured another major lease for its new project, Panattoni Park Wrocław XIII. LX Pantos, one of the largest logistics operators in Korea and Southeast Asia, will occupy as much as 43,500 sqm in the new park – more than three times as much as it originally planned. This is not the first time the two companies have worked together, but with this latest agreement the space leased by the Korean company in Panattoni’s Lower Silesian facilities will exceed 100,000 sqm.

Published:

09.12.2021

LX Pantos Poland to occupy over 43,500 sqm at Panattoni Park Wrocław XIII

Panattoni, the leader of the industrial real estate market in Europe, has secured another major lease for its new project, Panattoni Park Wrocław XIII. LX Pantos, one of the largest logistics operators in Korea and Southeast Asia, will occupy as much as 43,500 sqm in the new park – more than three times as much as it originally planned. This is not the first time the two companies have worked together, but with this latest agreement the space leased by the Korean company in Panattoni’s Lower Silesian facilities will exceed 100,000 sqm.

The Korean heart of Poland. LX Pantos is the undisputed leader in its field on the Korean market and one of the largest logistics operators in the Asia-Pacific region. The company is now expanding its operations in Poland by choosing Panattoni once again. The company has again opted for the developer’s Lower Silesian portfolio, leasing not 13,500 sqm, as it initially planned, but as much as 43,500 sqm. Thus, it has become the largest tenant of Panattoni Park Wrocław XIII. The choice of this location was by no means accidental. “Lower Silesia and its capital (Wrocław) are now recognised as an innovative economic region and one that Korean investors are particularly attracted to. The country is currently the largest Asian investor in the country. The total value of Korean foreign direct investments in Poland already exceeds EUR 3 billion. Korean capital is currently investing heavily in the region, primarily in the fields of ​​electromobility, electronics, automotive parts production and the chemical industry. In the immediate area of Panattoni Park Wrocław XIII you can find, among others, LG Energy Solutions – one of the world’s largest producers of lithium-ion automotive batteries, as well as LG Electronics – one of the global leaders in the electronics market,” explains Damian Kowalczyk, the Development Director of Panattoni.

LX Pantos Poland has been providing services for such Korean giants for years. The company first leased space from Panattoni in 2013 and six years later consolidated its logistics operations with 72,000 sqm at Panattoni Park Wrocław XI. Now it is increasing its warehouse resources again to meet the growing demand. “Our new warehouse in Panattoni Park Wrocław XIII shows how fast the market is growing. Two years ago, when together with Panattoni we opened 72,000 sqm in one of the developer’s parks in Wrocław, this space was meant to be enough for us into the long term. After a year, it turned out that it wasn’t and that we had to undergo further significant expansion. The sales of consumer electronics were growing on average by 20% year-on-year, while the electromobility market had become completely unpredictable. Problems with the supply of semiconductors have been affecting the entire supply chain, which in our case has resulted in the accumulation of production materials in ports and warehouses. I think this situation is not over yet and we will return to further negotiations with Panattoni next year,” comments Piotr Zienkiewicz, a Senior Logistics Manager at LX Pantos Poland.

Panattoni Park Wrocław XIII will eventually comprise two buildings with a total area of ​​75,000 sqm. More than half of the planned space has already been delivered, with the entire project due to be completed in mid-2022. All the buildings will be BREEAM certified and powered by green energy. The park will include vehicle charging stations, bicycle stands, green areas and invertebrate houses.

One major advantage of the park is its location just off the Pietrzykowice junction of the A4 motorway, where the most important communication routes in the region intersect – the A4, the E67 and the A8, constituting the Wrocław Motorway Bypass. Its ideal location, close to three European capitals (Warsaw, Prague and Berlin) is particularly valued by logistics companies engaged in international operations.

Panattoni Park Kraków East IV
Featured news Press releases
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.

All news
Łódź_Zgierz_1
Featured news Press releases
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.

All news
City_Logistics_Krakow_III_2
Featured news Press releases
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.

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Panattoni Park Warsaw South IV
Featured news Press releases
Neopak chooses Panattoni Park Warsaw South IV – The packaging supplier has leased 10,500 sqm to relocate its main warehouse

Panattoni has a new tenant for one of its industrial parks in the Warsaw region. Industrial packaging distributor Neopak is to move its main warehousing facilities to Panattoni Park Warsaw South IV, where it is to occupy over 10,500 sqm of warehouse and office space.

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NEXT

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.

Neopak chooses Panattoni Park Warsaw South IV – The packaging supplier has leased 10,500 sqm to relocate its main warehouse

Panattoni has a new tenant for one of its industrial parks in the Warsaw region. Industrial packaging distributor Neopak is to move its main warehousing facilities to Panattoni Park Warsaw South IV, where it is to occupy over 10,500 sqm of warehouse and office space.

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.

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