P3, a leading pan-European developer and asset manager of logistics property, celebrated on April 4 the raising of the final column on 26,000 sqm of warehousing and offices at P3 Błonie park near Warsaw in Poland. The space is being developed on a Build-to-Suit basis for Antalis, Europe’s leading distributor of paper, packaging systems and plastics for visual communication and number two in the world. Antalis boasts operations in 43 countries spanning five continents and makes 14,000 deliveries per day worldwide.
The project is part of a key strand of P3’s expansion strategy – namely bringing forward the development of its 1.8 million sqm pan-European land bank. At the same time the company is seeking to acquire new sites in the nine European countries in which it is already represented as well as entering new markets.
The 26,000 sqm P3 Błonie facility has been designed to meet Antalis’ bespoke requirements and will be equipped with environmentally-friendly solutions including isolation panels, solar panels for water heating and LED lighting. P3 is also providing its new customer with an 805 sqm outer office. Hand over is planned for the middle of 2017.The deal with Antalis was negotiated by Colliers International.
Robert Mitura, CSEE Logistic Director Antalis, said: “We chose P3 Błonie park as a result of its excellent location, which will allow us a smooth relocation from our previous site while retaining our team. Due to the rapid growth of our company, we needed advanced warehouse facilities, designed to suit our requirements. P3 has succeeded in meeting our expectations and I believe that the business relationship will be beneficial for both companies.”
Magda Kilijańska, Senior Leasing Manager for P3 in Poland, commented: “We are delighted with the high level of cooperation and trust that that we have received from such a highly regarded brand. Antalis was in a position to choose from several competing sites, so we are honoured that they selected P3. This is an enormous accolade for us, and recognition of the quality of buildings we deliver.”
“We are focused on expanding and improving our logistics parks. In Błonie, for example, we already have a total of nearly 200,000 sqm of space and are currently developing another 50,000 sqm.”
Krzysztof Kienorow, Associate Director Industrial &Logistics Agency at Colliers International, said: “The Warsaw market remains the top spot on the Polish logistics map, as confirmed by the high levels of activity among both developers and occupiers. In 2016 developers delivered over 240,000 sqm of modern industrial space and the volume of transactions for all Warsaw zones stood at 900,000 sqm. At the same time, it was a record-breaking year for Colliers’ Industrial &Logistics Agency in terms of the number of deals completed, while also maintaining our leading position in market share. The leasing of 26,000 sqm by Antalis suggests that 2017’s results will be equally good.”