Shedding years

The first modern warehouses were located on ul. Szyszkowa on Warsaw’s south-western outskirts and had a combined area of app. 65,000 sqm. They were the first two projects of this class to have been built in Poland, as all the other premises used for warehouse operations were located in class ‘B’ and ‘C’ facilities converted from communist era buildings. Companies worked in truly spartan conditions at the time. There were no professional warehouse developers or huge consulting agencies. Rents reached the extortionate level of USD 12 per sqm of warehousing and USD 25 per sqm of office space in a warehouse facility. By comparison, effective rates nowadays only amount to EUR 2.8 per sqm. “It was a completely unknown market, very risky, and it was not clear in which direction it would evolve. However, we did not have to wait long for dynamic development and the first boom. As early as 2000 they managed to move from drawing up plans to their realisation: