New markets, new formats and new records

Last year the developer started projects with a combined area of 1.2 mln sqm in the Czech Republic, Germany and Poland. This is equivalent to launching construction of a 25,000 sqm building every week. The developer is currently building two distribution centres for Amazon (near Szczecin and in Sosnowiec, 161,500 sqm and 135,000 sqm respectively), it is finishing construction work on a logistics centre for Jago which has an area of 120,000 sqm and is located near Hückelhoven in Germany and in the Czech Republic it is extending a distribution centre for Tchibo in Panattoni Park Cheb by an additional 30,000 sqm. In 2016, Panattoni leased around 968,000 sqm, 86 pct of which represented completely new leases, 9 pct expansions and 5 pct renewals. A report by JLL shows that Panattoni Europe is also the leader in terms of warehouse completed after 1995 – over this period the developer has delivered 29.2 pct of the total supply in Poland or nearly 3.27 mln sqm out of nearly 11.2 mln