More like the Germans

The warehouse panel was the only discussion of the day to be held in Polish – and the panellists represented four developers and one tenant. Panattoni was represented by its head of development, Michał Samborski, while Hillwood had vice-president Tomasz Jaroszewski, 7R fielded its chief investment officer, Magdalena Uler-Kłeczek, and P3 Logistics Parks was represented by its managing director for Poland, Bartłomiej Hofman. The tenant’s perspective was provided by the head of the Żabka Property Fund, Andrzej Potyra, while the discussion was moderated by Accolade’s transaction director, Jakub Leszczyński. Development activity over the past year has clearly slowed, but the panellists on stage remained optimistic. Michał Samborski argued that many logistics companies had leased too much space and are now under-utilising what they had, calling this the hidden vacancy rate. He also pointed out that Poland is now running out of land to build on. In his opinion, the market is mat