Panattoni is beginning the construction of City Logistics Kraków Airport II, a speculative project worth €34 million. It will be located near Balice Airport - the second-largest airport in the country.
The Kraków industrial space market shows one of the lowest vacancy rates in the country - below 1 per cent - and the demand for modern facilities does not decrease. Panattoni starts the construction of City Logistics Kraków Airport II with a target area of 21,330 sqm within one building. Developer will complete the investment at the beginning of 2024 in the immediate vicinity of the international airport in Balice. It is the second largest airport in the country, which in 2022 served 7.4 million passengers, nearly 2 million more than the airport authorities forecasted at the beginning of the year. The location will provide good exposure to the Kraków market, supporting last-mile logistics, especially the e-commerce industry.
The facility will also be located in the immediate vicinity of the A4 motorway, allowing for quick connections to key centres of southern Poland - such as Rzeszow, Katowice, or Wroclaw - as well as the southwestern and south-eastern border. The investment will also be within less than two hours from the Czech and Slovak borders.
"Kraków is the city with the second largest population in Poland, and Balice Airport is the second largest in the country in terms of passengers served. Our new investment allows us to take full advantage of the great benefits of the location and is great news for businesses that need industrial space in this region. Moreover, City Logistics Kraków Airport II comes into being at the perfect time, when the Kraków airport plans to build a new cargo terminal, which will naturally expand the port's transport capabilities. We are not slowing down and plan further investments in Lesser Poland," says Michał Samborski, Head of Development at Panattoni.
