POLAND Over a million leased by Panattoni in H1
Warehouse & industrialdeputy editor
Panattoni’s transactions over H1 came to 1,097,253 sqm – up by nearly 125 pct on the same period of the previous year, with only 6 pct of the total being expansions.
In the first three months of the year, the industrial developer leased 425,715 sqm (while 950,000 sqm was leased by the entire industry as a whole) – 45 pct more than in the first quarter of 2019, with the greatest tenant activity being seen in March when the total volume of transactions nearly doubled to 207,000 sqm, despite the onset of the pandemic.
E-commerce is increasingly becoming a more important sales channel than it was before as well as one of the main drivers of logistics development. Additionally, retail chains have moved away from a just-in-time delivery approach, which up until now was very common, to ensure a continuity of supplies, and this helped improve our Q1 figures. It should be noted that the epidemic required a rapid response and this in turn led to a substantial increase in the number of decisions tenants made in March.
Robert Dobrzycki, the CEO of Panattoni
In Q2 Panattoni’s transaction volume amounted to 671,538 sqm – 57 pct higher than Q1 and 3.5 times more than the same period of last year. The first three months of the year were dominated by logistics operators who were mostly looking to improve their e-commerce operations, but in the second quarter retail chains came to the fore, aiming to improve their omnichannel strategies by concentrating more on online sales and their online stores. The proportion of production companies also grew.
These are the first signs of a tendency and a desire to become independent of Asian manufacturers and to keep or bring production back close to where it is consumed.
Robert Dobrzycki
The top region in terms of the number of leases was Warsaw, where than 180,000 sqm of space was leased. Wielkopolska had the second highest number of leases (almost 103,000 sqm), while third place in terms of the number of signed leases was jointly taken by the Tricity (104,500 sqm) and Central Poland (78,000 sqm). In Upper Silesia 85,650 sqm was leased by the developer, including an agreement signed with a sports clothing and accessories manufacturer for the delivery of a distribution centre.
At the end of June Panattoni had 857,395 sqm under construction, having started work on new parks in the Warsaw region (Panattoni Park Konotopa III, A2 East Warsaw Park), as well as in Central Poland (Panattoni Park Stryków IV), Silesia (Panattoni Park Czeladź V), the TriCity (Panattoni Park Tricity South II) and the Lubuskie region (Panattoni Park Gorzów Wielkopolski).
Over the first six months of the year, the developer completed 321,660 sqm of space, including the A2 Warsaw Park, which is the largest warehouse building in the Warsaw area with more than 100,000 sqm. Panattoni also handed over the DSV Solution logistics centre in Skarbimierz, which will be used to supply Mondēlez International and its two nearby production plants (a chocolate factory and a gum and candy factory).
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