Panattoni Europe opens up emerging markets with 75,000 sqm in Zielona Góra – EuropaProperty

Panattoni Europe continues to pursue its strategy of developing emerging markets. After Panattoni Park Lublin, the time has come for Zielona Góra where, within the local Special Economic Zone, the developer is working on a modern distribution centre which will offer no less than 75,000 sqm at full build-out. At present, phase one of the investment is under way, with close to 50,000 sqm – comprising two multi-tenant facilities featuring 30,000 sqm and 17,000 sqm, as well as a 1,900-square-metre BTS facility. The space has been almost fully leased, and will serve as the new address for companies from different business sectors – a manufacturer of wheelchair components (Reac Components), and also logistics operators (FIEGE and PEKAES, for whom a special cross-dock was put in). One of the buildings will also open its doors to a leading manufacturer of wood panelling and immitation wood products. Completion of this construction phase is scheduled for the first quarter of 2018, and further extensions to the entire park will be added in response to the market.

The Lubuskie region, including Zielona Góra, is a dynamically growing part of the country which attracts many investors, both from Poland and abroad. This is confirmed by Panattoni Europe investments – before embarking on the construction of Panattoni Park Zielona Góra, the developer completed two manufacturing facilities in the region: one for Faurecia in Gorzów Wielkopolski and the other for Ideal Automotive in Zielona Góra.

Dorota Jagodzińska, Managing Director, Panattoni Europe, commented: “The success of Zielona Góra, and also of our distribution centre, considering the time it took for the space in building one to be taken up, is definitely down to the location – in the west of Poland and in the immediate neighbourhood of Germany – as well as the road infrastructure with the S3 route. Also, one should not disregard the enormous potential offered by the city’s universities and the special economic zones and industrial parks around the voivodeship. All these factors contribute to the fact that many international companies: German, Scandinavian, Dutch, but also Swiss and others, look to this market as an investment destination.”

Panattoni Park Zielona Góra, which will comprise 4 facilities at full build-out totalling 75,000 sqm, lies in the direct vicinity of the Lubuski Industrial and Technological Park, within the Kostrzyn-Słubice Special Economic Zone. Its location a short distance from the railway line and the regional road running towards the planned bridge on the Oder in Milsko, as well as the Racula junction connecting to the S3 route, guarantees an efficient land connection to major markets in the country and abroad.