August 26, 2014

Land purchased for Panattoni Park Poznań IV

Land purchased for Panattoni Park Poznań IV

Panattoni Europe has purchased 18 ha of land for a new distribution complex - Panattoni Park Poznań IV. At the same time, the developer has announced that the construction of the first 35,000 sqm building has commenced.

The developer is building another one of its logistics centres in Greater Poland. This marks the beginning of stage one in the construction of the complex, which is planned to offer 116,500 sqm at full build-out. The first tenant is Komputronik S.A., a leading distributor of IT products and consumer electronics in Poland and the operator of the country's most popular online electronics store. Under the lease, the company will take up 10,000 sqm. Once the entire investment is completed, with stage one planned to end in February 2015, Panattoni will have more than 320,000 sqm of warehouse space in the region.

“The Poznań market is going from strength to strength. It is enough to look back at the first half of this year. The region can boast the highest quantity of space completed with as much as 82,500 sqm, with net demand reaching 103,000 sqm, i.e. twice as much as in H1 last year,” commented Robert Dobrzycki, Managing Partner Panattoni Europe. “There are 215,000 sqm currently under construction, of which nearly half is thanks to the efforts of Panattoni Europe, and the development of the logistics centre for Amazon.”

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