Panattoni launches brownfield developments in Poland

15
Dec
2020
News - Panattoni launches brownfield developments in Poland #brownfield #industrial #Panattoni Europe #plot #warehouse

by Property Forum | Industrial

Panattoni is demolishing the cement plant in Nowa Huta, where City Logistics Kraków I Is to be built with an area of 36,500 sqm. Additionally, a park is to be built in the centre of Konin on the site of a former grain elevator. Brownfield developments now comprise over 10% of all of Panattoni's projects and this proportion is very quickly rising.


Demolition that has already been begun on the concrete production plant in Kraków's Nowa Huta district on ul. Cementowa. Before work was begun the historic industrial usage of the entire site was researched and water and soil samples were taken to determine the extent of the pollution. The entire reinforced concrete from the dismantled cement plant is to be recycled – the steel is to be salvaged and sent to the foundry as scrap metal, while the concrete is to be crushed again and used as aggregate for the building materials used to construct the new park — City Logistics Kraków I with a combined area of 36,500 sqm. The first building is to be ready in September and already has its first tenant. Logistics operator InPost is to occupy 9,000 sqm. The next building of 22,000 sqm is to be completed a little later.

Work has also begun on the construction of a park on the site of a former grain elevator in the centre of Konin. The tall abandoned building, which had eleven floors, with masts for telephone base stations on the roof, could be seen from almost everywhere in the town and was a blot on the landscape. As part of the renewal of this area, the old building has been dismantled (the tower was brought down with explosives) and the materials were recycled. The soil was remediated because the site was also once used as a petrol station. The first new building of 6,500 sqm has been constructed on the decontaminated land and more are planned. Both projects are to be certified under BREEAM for a minimum rating of 'Very Good'.

Developments on former industrial land now make up just over 10% of all of Panattoni's projects and this proportion is rapidly rising. Just in the first three quarters of 2020, brownfield developments accounted for 35% of the space that was handed over. Another example of such a development is the Szczecin Załom park, built on the site of a former factory producing aircraft engines for German Junkers, which then became a cable production plant. The developer had to deal with deep and very extensive land contamination. The remediation, the effectiveness of which was confirmed by the Regional Directorate of Environmental [RDOŚ], was largely dependent on biological mechanisms used on site as well as filling in the excavations with decontaminated soil. Many similar sites can be found across Silesia such as the redevelopment of a housing factory in Zabrze as well as a slag heap left over from the mining industry in Ruda Śląska.




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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