April 15, 2015

SEGRO hits one million sqm in Poland

SEGRO hits one million sqm in Poland

SEGRO an owner, asset manager and developer of modern warehousing and light industrial property, has ended Q1 2015 with million sqm in Poland. Currently, the company portfolio in the country comprises around 1,042,700 sqm and 1,147,700 sqm in the whole Central Europe region.

In Q1 2015 SEGRO completed a modern Logistics centre for Volkswagen Group Polska consisting of over 30,000 sqm, within the premises of SEGRO Logistics Park Poznań, Komorniki. Thus, the developer's portfolio in Poland exceeded one million sqm.

SEGRO started its operation in Central Europe at the beginning of 2006. Currently the company runs investments in: Gdańsk, Gliwice, Łódź, Poznań, Prague, Stryków, Tychy, Warsaw and Wrocław. At present, 23,000 sqm of space is under construction.

Magdalena Szulc, SEGRO Business Unit Director, Central Europe commented on the company plans: “In 2015 we continue to follow our long-term strategy relying in the development of our portfolio in Central Europe through selective acquisitions of assets and the development of existing investments in strategic locations.”

The previous year was also successful for SEGRO. In 2014 the developer started the construction of over 84,000 sqm of space and completed, acting on behalf of SEGRO European Logistics Partnership “SELP”, two major transaction in the Central Europe region. As a result, SEGRO’s portfolio increased by new modern facilities in Warsaw, Łódź and Poznań, all being key locations for the company in Poland and also in the Czech Republic.

Jointly, the newly acquired facilities comprise around 200,000 sqm of space worth €113 million. End of December the developer purchased 10-hectare plot in Tychy planned for a new warehouse-production investment, which will eventually deliver over 40,000 sqm of space. In autumn last year a new project in Warsaw comprising nearly 10,000 sqm within SEGRO Business Park Warsaw, Ożarów was launched. Ninety percent of the space was not pre-leased and the building’s commissioning is scheduled for the second half of this year.

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