Panattoni Europe has sold another logistics facility, Panattoni Park Warsaw West V totalling 70,000 sqm. The buyer is a Dutch company controlled by one of the leading global real estate investment firms, for whom this is the first investment in the Polish warehouse market.
The growing demand for logistics and industrial space is a worldwide trend, driven primarily by the dynamic development of e-commerce. Because of that, Poland is seeing record-high demand for warehouse space, not only among tenants, but also investors.
Poland is second only to Germany in terms of growth dynamics in the logistics real estate market in Europe. Over the past year, approx. 2 million sqm of new space was built and leased. The country’s central location, industrial and transportation infrastructure in place, access to a qualified workforce create sustainable conditions for further development of logistics real estate in Poland.
Panattoni Park Warsaw West V, featuring close to 70,000 sqm, is located in the vicinity of the A2 motorway, on the way into Warsaw. The project was completed in Q1 2018.
