In Wrocław, Panattoni Europe has completed phase one of City Logistics Wrocław I, with 36,700 sqm built and fully leased, and as of August works are starting on phase two – to deliver an additional 25,000 sqm. The facility tailored to the needs of tenants seeking small units will be ready in Q1 2020.
The existing and fully leased space in two buildings totalling 36,700 sqm will be extended by an additional 25,000 sqm in three facilities. It shows the interest of tenants in facilities located within administrative limits of large urban areas, and the appeal of small units – between 1300 sqm and 1500 sqm – offered by Panattoni Europe at City Logistics Wrocław I. This format is chosen by companies representing the e-commerce sector, inner city distribution and light manufacturing. To fulfil the market needs as quickly as possible, construction on the next phase of the project is planned to start this August, and its completion is anticipated in early Q1 2020. At full build-out, City Logistics Wrocław I will comprise 6 buildings totalling 97,557 sqm of space.
Opening and extending city logistics parks is the company’s response to the needs of businesses which want to get closer to their customers. According to Marek Dobrzycki, Managing Director from Panattoni Europe: “Our City Logistics Parks format provides for facilities in attractive locations – on the one hand, close to the city, and on the other, in the vicinity of exit routes. They are delivered in line with the principles of Small Business Units, which attracts small and medium-sized enterprises. They are also an excellent choice with a view to the needs of last-mile logistics and inner-city logistics. These days, one of the ways to win business is to deliver products fast, and that is why City Logistics Parks are such an attractive proposition”. He then adds: “Panattoni Europe has 5 such facilities under development and each one is hugely popular with tenants, which confirms the need for city-based projects”.