M Core is continuing its strategy of developing SBU (Small Business Unit) warehouses under its Multipark brand. The company has recently signed two projects in Poland, in Zabrze and Bydgoszcz.
M Core’s warehouse and logistics portfolio in Poland is growing under the Multipark brand. This currently includes three SBU buildings in Zabrze, with a total leasable area of 6,000 sqm, and one building in Bydgoszcz, covering 2,000 sqm. M Core also has a permit for a third unit located in Bydgoszcz, spanning approx. 3,000 sqm of leasable area. Unlike any other Multipark in M Core’s portfolio, this development also offers warehouse space in the traditional "big box" formula, with a total area of almost 27,000 sqm.
Noteworthy among the largest lease agreements signed this year in Poland are Schiessel Polska (600 sqm) and MSU Rental Company (300 sqm) at the Multipark in Bydgoszcz. As well as a large logistics industry, which has leased a total of over 1,600 sqm at the "big box" warehouse in Bydgoszcz.
Magdalena Kowalewska, COO, LCP Properties in Poland, part of M Core, expressed “Looking at the enquiries we receive, it is clear that the SBU warehouse model is perfect for smaller online stores, start-ups or logistics operators, for whom it is convenient to have additional local warehouse space. Our goal is to open SBU warehouses in each of the former 49 Polish provinces within the next few years. This in turn means approx. 350,000 sqm of modern space for the dynamically developing market of small and medium-sized enterprises, which are the driving force of the Polish economy.”
Sebastian Macdonald-Hall, M Core’s Chief Investment Officer (Europe) added: “Across Europe, we are eager to continue to build and develop our portfolio of SUBs as part of our £1 billion investment target for 2023. Units of this size, situated beside major transport routes, will go a long way to help small businesses serve large cities and the communities we work with.”
