Panattoni Europe kicks off City Logistics Warsaw I

25
Jul
2018
News - Panattoni Europe kicks off City Logistics Warsaw I #industrial #logistics #Panattoni Europe #Poland #Warsaw

by Property Forum | Industrial

Panattoni Europe has embarked on the construction of City Logistics Warsaw I, planned to total 26,000 sqm. Completion of construction works and delivery to the tenants is planned for the coming October.


The developer has launched the construction of City Logistics Warsaw I, which is already the fourth project of this type. The facility, planned to total 26,000 sqm and boasting an attractive location in the industrial part of Warsaw’s Bielany district, is dedicated to tenants delivering to the capital city, particularly those selling online, and has already secured its first tenants. They are: Frisco.pl – the online supermarket, which will take up 11,000 sqm, and Marcato – a manufacturer of food packaging, part of KGL Group.
 
Thanks to the new investment by Panattoni Europe, Frisco.pl will be able to at least quadruple the volume of customers served. It will be made possible by the lease of 11,000 sqm, of which more than 10,000 sqm will be allocated to a FMCG warehouse, featuring innovative technologies and advanced automated storage systems. Fresh products will be stored in four different temperature zones, and some will be delivered using the just-in-time model. This will guarantee supreme quality and extended freshness, just as if groceries were delivered to the customers’ homes straight from the farm.
 
In the case of the other tenant, KGL Group and one of its companies, Marcato, the space leased will be allocated to a warehouse, serving the company’s manufacturing plant which neighbours on the upcoming City Logistics Warsaw I.
 
The entire facility will be fitted with LED lighting, and the space leased by Frisco.pl will undergo HACCP (Hazard Analysis and Critical Control Points) implementation. The objective of the HACCP system is to ensure food safety by identifying and estimating the scale of exposures in terms of food health requirements. To accommodate the tenants, the project will also feature a ramp for vans, ground-level access entrance gates, reloading docks and a car park with around 200 spaces.
 
City Logistics Warsaw I is the developer’s fourth project based on the City Logistics Parks concept. The others – City Logistics Wrocław I, Łódź I and Warsaw Airport – are under development. According to Robert Dobrzycki, Chief Executive Officer Europe, Panattoni Europe: “The concept of City Logistics Parks is a natural and necessary step bringing the industrial space market closer to the expectations of clients and their consumers. The most recent product from Panattoni is delivered across Europe as a “last mile” delivery solution, dedicated mainly to online order fulfilment processes. Before the end of the year, we will have delivered approx. 150,000 sqm based on this concept, with a focus on Poland. We are planning to expand our portfolio to include in-city facilities in Germany, the UK and the Czech Republic in early 2019, and we will be allocating €400 million every year to these projects, totalling €1.2 billion in the space of the next 3 years”.



New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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