KOSTAL Automobil Elektrik, a German-headquartered system supplier to the automotive sector, has signed a lease for over 17,000 sqm of manufacturing space in Panattoni Park Lublin IV. KOSTAL was advised on the choice of location and during the negotiations of the technical and commercial terms of its lease by Cushman & Wakefield.
KOSTAL Automobil Elektrik is the largest of the five business divisions of the KOSTAL Group. Founded in Germany in 1912, it is now present in 21 countries, including Spain, Italy, Bulgaria, Ukraine, Mexico, the US, Brazil, China and Japan. KOSTAL has close to 20,000 employees worldwide and reports sales of €3.3 billion. The Group also includes KOSTAL Industrie Elektrik, a supplier of photovoltaics and control electronics solutions; KOSTAL Connectors, a manufacturer of plug connectors; KOSTAL Solar Electric GmbH, a leading supplier of power inverters and storage systems; and SOMA GmbH, a supplier of testing and automation systems for mechatronic and electronic products.
KOSTAL Automobil Elektrik is focused on the development and manufacturing of technologically advanced electronic, electromechanical and mechatronic products for the automotive industry.
“Having analysed market data and the possibilities of locating a new production plant, KOSTAL decided to set up a new facility in Świdnik, Lubelskie province. Polish locations competed against other countries in Central and Eastern Europe. Our decision to choose Świdnik was influenced by its logistics strengths: its proximity to our Ukrainian plants and to our clients’ factories south of Poland and in Western Europe. Other key factors included workforce availability in the region and economic zone incentives. This marks just the beginning of the operations of the KOSTAL Group in Poland with huge future growth potential,” said Radosław Szkup, Management Board Member and Managing Director, KOSTAL Automotive Poland sp. z o.o.
“KOSTAL leased close to 15,500 sqm of production and warehouse space and around 1,700 sqm of office space in Panattoni Park Lublin IV. The building will be tailor-made to its needs and manufacturing requirements. The facility is scheduled for completion and handover in November 2023,” said Konrad Jacewicz, Associate, Industrial and Logistics Agency, Cushman & Wakefield.
KOSTAL’s project in Świdnik heralds a new chapter for the warehouse and manufacturing sector in this part of Poland.
“Disruptions to global supply chains and manufacturing which have impacted the automotive industry are increasingly incentivizing companies to adopt nearshoring strategies and relocate to sites guaranteeing business continuity. The beneficiaries of this trend in Poland include Lubelskie and Subcarpathia, which are seeing growth in modern warehouse projects. They also benefit from further infrastructure improvements, including the new S19 expressway, making for seamless distribution to western markets. These factors also influenced the decision of KOSTAL – our client – to locate operations near Lublin,” says Magdalena Muszyńska, Negotiator, Industrial and Logistics Agency, Cushman & Wakefield.
Panattoni Park Lublin IV is a new development comprising two buildings with a combined area of around 55,000 sqm of modern warehouse space. It is located in Świdnik, off the junction of the 822 provincial road and S17 national road.
“KOSTAL Automobil Elektrik is another major automotive company that has appreciated our facilities in the Lublin area. This is confirmation that Panattoni, as a developer, has a full understanding of this industry’s specific features and needs by delivering modern space for a variety of production and warehousing processes. This also points to the potential of the Lubelskie province, which is benefiting from nearshoring and becoming a powerhouse for the whole of Eastern Poland. The pro-business attitude of the local authorities, the growth of such locations as the Świdnik Economic Activity Zone, the availability of skilled labour and the growing volume of modern industrial space attract business, including global market players,” says Katarzyna Osińska, Development Director, Panattoni.
GLP, a global business builder, owner, developer and operator of logistics real estate, data centres, renewable energy and related technologies, acquired an 11,500 sqm logistics centre located in Gdańsk....
Czech Investment group KAPRAIN acquired a 53,000 sqm brownfield site from Howden ČKD Compressors, part of Howden, a leading global engineering company, which was recently acquired by Chart Industries....