News Article 2021 Panattoni Europe Poland summary warehouse lease
by Property Forum | Industrial

Panattoni revealed that in 2021 there was a huge increase in the space it leased on the Polish market. Over the year, the developer signed approx. 300 lease agreements for more than 3.2 million sqm of space – 1 million sqm more than the previous year. Panattoni’s facilities were chosen by such companies as Zalando, LPP, Media Expert, Carrefour, DHL, DB Schenker, InPost, Solaris and Action. In total, the developer completed 1.85 million sqm of BREEAM certified space last year, while another 2.8 million sqm is under construction.

In 2021, the developer signed around 300 lease agreements, the volume of which amounted to 3,257,659 sqm. This is over 50% more than the total a year earlier. “The growth of the warehouse sector in Poland is accelerating, breaking new records in terms of supply and demand. It is benefiting from the e-commerce boom and the desire to locate distribution centres as close to the consumer as possible, as well as the trend for nearshoring and the increasing production activity throughout Europe. This made 2021 a breakthrough year for Panattoni and the sector,” comments Robert Dobrzycki, the CEO and co-owner of Panattoni. He adds that the current year could also be a very good one for the company: “At the end of 2021, we had almost 2.4 million sqm under construction, while the space already developed by Panattoni in Poland exceeded 10,3 million sqm he says.

Panattoni’s largest transactions last year include: 146,000 sqm for Zalando in Bydgoszcz, 105,000 sqm for DHL Supply Chain and Zalando near Poznań, 82,000 sqm in Gorzyczki, 78,000 sqm for ID Logistics in Wrocław for the e-commerce sector and over 134,000 sqm for LPP in two locations. The developer has also signed a dozen or so transactions with InPost and at the same time has entered new markets, including Głogów, Koluszki and Siedlce. “From this data, you can see that there have been tenants interested in each market. Of course, most contracts were for space in the so-called ‘Big Five' locations, but there were also those attracted by emerging markets and Poland’s ‘West Wall’, which is becoming a new gateway to serve the German market. The size of the space leased also varied – from just 1,000 sqm to almost 150,000 sqm," explains Robert Dobrzycki.

Last September, Panattoni upgraded its minimum BREEAM environmental certification level from ‘Very Good’ to ‘Excellent’ as it adopted a new standard for its projects. The developer’s deeper engagement in the green revolution yielded concrete results – the first such high ratings for industrial facilities in Poland were awarded to Panattoni Park Sosnowiec I and BTS Świebodzin, which comprises almost 200,000 sqm of warehouse space. The total area of projects that received green certificates in 2021 was over 1.2 million sqm. In total, Panattoni has now completed 109 facilities in Poland in line with its sustainable development programme. This amounts to a total of more than 3.6 million sqm of certified space. Another 1.1 million sqm is in the process of obtaining a BREEAM ‘Excellent’ rating – the highest possible in this sector in Poland, which guarantees that these projects are carried out in a manner thoroughly consistent with the principles of sustainable development.