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  • Home
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  • Panattoni to invest EUR 1.2 bn in City Logistics projects across Europe
Press releases

Published:

15.05.2018

Panattoni to invest EUR 1.2 bn in City Logistics projects across Europe

Published:

15.05.2018

Panattoni to invest EUR 1.2 bn in City Logistics projects across Europe

Panattoni Europe, market leader in industrial real estate, has announced investments worth EUR 1.2 billion in City Logistics projects – facilities built within city limits dedicated to the so-called “last mile”. Already today in Poland, four such parks are under development, totalling 65 million EUR in value, and the most recent development – City Logistics Warsaw has already secured its first tenant. It is Frisco.pl – the online supermarket. In the space of 3 years, the developer will systematically pursue successive markets, including Germany, the United Kingdom and the Czech Republic.

The first and last mile belong to Panattoni Europe. Following the developer’s success in building state-of-the-art distribution hubs, the time has come for smaller facilities located on the outskirts of cities – City Logistics Parks. The most recent product from Panattoni is delivered across Europe as a “last mile” delivery solution, dedicated mainly to online order fulfilment processes. In Poland, the developer has just launched its fourth project – City Logistics Warsaw featuring 26,000 sqm, and its first tenant is the online supermarket Frisco.pl. The remaining City Logistics Parks – City Logistics Wrocław I, Łódź I and Warsaw Airport are under development with an occupancy rate currently in the range of 60 per cent. To date, the developer has invested EUR 65m in the new concept. In the future, this figure is set to grow to EUR 1.2 bn, and will include projects in Germany, UK and Czech markets. Robert Dobrzycki, Chief Executive Officer Europe, Panattoni Europe predicts: “By the end of this year, we will have delivered approx. 150,000 sqm in City Logistics Parks, focusing on the Polish market. We are planning to expand our portfolio to include in-city facilities in Germany, the UK and the Czech Republic in early 2019, and we will be allocating EUR 400m every year to these projects, totalling EUR 1.2 bn over the next 3 years”.

Irrefutable proof of existence. The presence of Frisco.pl, Warsaw’s leading online supermarket, at City Logistics Warsaw proves the merit of the developer’s carefully implemented strategy, exceeding client expectations and setting market trends. The latest 26,000-square-metre investment is based in the industrial part of the Bielany district of Warsaw, at ul. Estrady – the attractive location, well communicated with the city centre and exit routes, is a definite advantage of this project. The facility is dedicated to tenants delivering to the capital city, particularly online purchases, which is confirmed by Grzegorz Bielecki, Management Board Member Frisco.pl: “Our decision to go ahead with the investment was influenced primarily by the dynamic growth in the scale of our business over the past few years, as well as the enormous growth potential of the entire e-grocery market in Poland. Already, one in 7 Polish internet users regularly buys groceries online, and according to projections the market is set to grow at 15-20% a year. Forward-looking activities and innovation are intended to enable us to consistently expand the scale of our business, and so our new warehouse will employ the latest industry and logistics solutions.”

At City Logistics Warsaw, Frisco.pl will take up 11,000 sqm – a little over 800 sqm will be earmarked for social and office space, and the remainder with in excess of 10,000 sqm will be fitted out as a warehouse adapted to the needs of FMCG, which will process online orders. It will feature separate sections dedicated to the freezer and cold store, as well as a non-perishable dry goods storage section. The entire facility will be fitted with LED lighting, and the space leased by Frisco.pl will undergo HACCP (Hazard Analysis and Critical Control Points) implementation. The objective of the HACCP system is to ensure food safety by identifying and estimating the scale of exposures in terms of food health requirements. To accommodate the tenant, the project will also feature a ramp for vans and a car park with 162 spaces. The tenant will move into the facility before the end of the year.

Panattoni Europe specialises in delivering advanced facilities dedicated to businesses, e.g. those involved in e-commerce. Its formats include both custom-tailored big boxes, featuring in excess of 161,000 sqm with advanced robotics and automation solutions, and warehouse space adapted to e-commerce logistics processes within proprietary parks. The concept of City Logistics Parks authored by the developer is a natural and necessary step bringing the industrial space market closer to the expectations of clients and their consumers.

Panattoni Park Kraków East IV
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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.

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Łódź_Zgierz_1
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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.

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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
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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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