POLAND Active Q3 for Panattoni
Warehouse & industrialAlong with increasing its activity in Germany and the UK, as well as in Spain and the Netherlands where it has only been active for less than a year, the industrial developer was also very busy in Poland. This includes a 52,000 sqm project for Globalway (part of the Costway group) in Panattoni Park Tricity East IV and a 67,000 sqm BTS project in Czeladź for sports fashion and accessories manufacturer OTCF. Polish projects nearing completion include a hi-tech 15,000 sqm plant for Phoenix Contact E-mobility in the Rzeszów-Dworzysko Science and Technology Park and a grill factory for Weber in Zabrze. In terms of city logistics segment, the development of https://eurobuildcee.com/en/news/30295-panattoni-city-logistics-warsaw-v-on-its-way (11,000 sqm) has recently started as well City Logistics Warsaw Airport II (9,000 sqm).
In the Czech Republic work is continuing on a 25,000 sqm smart factory for Kion in Stříbro, while Panattoni Park Cheb South was BREEAM certified with a rating of ‘Outstanding’.
The scale of Panattoni’s development across Europe is, on one hand, the evidence of the resilience that this sector is showing against the headwinds created by the pandemic; on the other, it reflects wider economic trends. The volume of space dedicated to e-commerce has significantly increased, demonstrating a 20 pct growth across our development portfolio in Q3. The involvement of production companies increased, as well as of distributors, always dependent on imports, who were impacted by supply chain disruptions in the first phase of the pandemic. 2020 is a year of revolutionary changes, which has made the industrial sector the most attractive real estate segment.
Robert Dobrzycki, the CEO of Panattoni
Panattoni has so far developed more than 10 mln sqm of warehousing and manufacturing space in Europe, including 7.6 mln sqm in Poland. E-commerce projects make up a third of that amount – a share which the developer only expects will increase. According to a recent report by Ecommerce Europe, this market is expected to be worth EUR 717 bln by the end of 2020. Western Europe accounts for 70 pct of the volume of e-commerce sales across the continent, but Eastern Europe is seeing the largest growth in the sector, with Bulgaria and Romania both currently registering 30 pct annual growth.
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