Panattoni has launched the construction of City Logistics Kraków III, the latest 25,000 sqm development on the city limits of Poland’s former capital. Walraven, an international producer of installation fixings, is to occupy almost 4,500 sqm.
This year at the end of the third quarter, Panattoni completed around 50,000 sqm within Kraków and had a further 10,000 sqm still under construction. Now the developer has launched another project. Construction work on City Logistics Kraków III will be completed at the end of August 2024.
“Upon completion of this project, a quarter of our entire stock in Małopolska will comprise urban developments. This proves how important Kraków is as a regional centre. The city is booming and attracts international companies as it is the second largest city in the country in terms of population with an excellent location for the transit of goods between East and West and also has easy access to a highly-educated workforce thanks to colleges such as AGH, the Jagiellonian University and the Cracow University of Technology. Our job is to build a base of modern industrial space to further stimulate this growth,” comments Filip Noworól, Senior Leasing Manager at Panattoni.
“Once again, Panattoni has proven to be a trustworthy partner when it comes to strategic developments. Despite the limited availability of land within the wider urban area, we were able to offer an excellent location in Kraków, which was of particular importance to our client. Our project perfectly meets Walraven’s needs,” adds Filip Noworól.
City Logistics Kraków III is to be built next to the Pleszów bus and tram terminal and as a result, workers will have an easy connection to the centre of the city. Furthermore, the location also benefits from being close to the S7, which connects the park with Warsaw and Gdańsk. The new project also presents attractive prospects both to large international companies and smaller local firms in need of custom space. Panattoni allows for smaller modules to be leased, starting at 1,200 sqm with a non-standard depth of barely 52m. The modern space is equally suitable for warehousing, logistics, e-commerce, and light production.
“City Logistics centres are increasingly being used not only for logistics and manufacturing but also as showrooms, R&D departments, laboratories, administrative centres and – last but not least – as a main base of operations, which is demonstrated by Walraven. We are certain that the potential versatility of City Logistics Kraków III with its high ecological standards will attract tenants from many different industries,” says Filip Noworól.
