News Article Inter Cars logistics Panattoni Europe Poland Sosnowiec warehouse
by Property Forum | Industrial

Inter Cars Group enters Panattoni Park Sosnowiec I. The automotive supplier operating in the CEE region leased over 20,000 sqm.

In 2021 alone, tenants from the automotive sector leased almost 200,000 sqm from Panattoni. One of these tenants is ILS, the logistics operator of Inter Cars Group SA, the largest distributor of vehicle parts in Central and Eastern Europe. In three months, this company has signed two lease contracts for over 22,000 sqm and now it is moving into Panattoni Park Sosnowiec I. The group has almost 500 centres in Poland and Europe and for April this year, it registered consolidated revenue growth of 18.5 percent year-over-year, and in the first four months of the year, it generated revenues 23.9 percent higher than for the same period of the previous year.

“The automotive market after having been slowed down by the pandemic is developing very quickly and Panattoni is ready to support this growth by supplying appropriate space. Inter Cars Group SA is a good example of a Polish business that has conquered foreign markets and we are very glad that we have had a hand to play in this. Having developed millions of square metres across the country, we are seeing more local businesses achieve an international scale and it is left to a rapidly developing warehouse market to supply the necessary space to back this development up,” says Justyna Kononowicz, Senior Leasing Manager from Panattoni.