Panattoni’s expansion continues
“Our clients are companies that operate on many European markets. We want to give them the best possible conditions for functioning in each of these markets, providing them with the highest class warehouse and production space,” explains Robert Dobrzycki, the CEO of Panattoni. As he goes on to add, one of the main reasons for this latest expansion is the strength and potential of the Hungarian market: “As with other countries of the region, the global pandemic has had little impact on the Hungarian real estate warehouse and industrial sector. The country is also set to benefit from new trends that were strongly evident last year, including the growth of e-commerce. It could also benefit from the fact that many Asian companies are looking for alternative locations for warehouses and production plants, since many automotive companies are now located in the country. Hungary is becoming an increasingly important bridgehead for the Chinese in Europe and a gateway into Western countries.”
The Hungarian branch of Panattoni is headed by László Kemenes. He is responsible for the development of speculative and big-box projects in Hungary, from the site acquisition and investment preparation, through to the commercialisation of the projects and their transfer to their eventual tenants.
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