Panattoni to build last-mile logistics park in Kraków

30
Sep
2020
News - Panattoni to build last-mile logistics park in Kraków #city logistics #development #industrial #Krakow #last-mile #logistics #Panattoni Europe #Poland

by Property Forum | Industrial

Panattoni is to build a city park in Kraków - City Logistics Kraków I will have a total area of 36,500 sqm. The first of two buildings is to be ready in September 2021 and the first tenant, a logistics operator specialising in last mile deliveries, has already leased 9,040 sqm. Panattoni's latest project will play a crucial link in the chain from online store to courier company and finally on to consumer.


City Logistics Kraków I with an area of 36,500 sqm is to be built in the administrative capital of the Małopolska region on ul. Cementowa. Currently, the developer is in the process of applying for the building permit and the first of two buildings will be ready as early as September next year. A logistics operator specialising in the final stages of the delivery chain and especially in last-mile deliveries is to take up over 9,000 sqm out of the available 14,500 sqm. The remaining space and another building of 22,000 sqm are being developed on a speculative basis and will comprise SBUs (Small Business Units) with the smallest module being 1,100 sqm.  The park is intended as a hub for e-commerce and courier companies as well as for packaging and light production. The development will also meet the requirements for a company showroom or even for a head office.

Even though Kraków with 800,000 people is one of the largest cities in Poland second only to Warsaw and is well connected to the rest of the country, it has one of the smallest warehouse and logistics markets in the country. “Its development is held back by the relatively high price of land in the region and by the fact that the town is next to Upper Silesia, which has the second biggest logistics market in Poland,” explains Michał Samborski, Head of Development, Panattoni. Nonetheless, he points out that with its large population and its rich retail market, Kraków is becoming attractive to logistics operators and courier firms particularly at a time of rapid growth in e-commerce and omnichannel sales strategies and he/she adds: “Shortening the delivery chain is currently a priority for many logistics companies. Having a warehouse within city limits allows you to quickly reach the final customer. Also, such a location is easily accessible to delivery vehicles coming in from warehouses beyond the city.”

City Logistics Kraków I is to undergo BREEAM certification for a rating of 'Very Good'. Just next to the park is a tram and bus terminal, which makes it easy for employees to come to work. Moreover, the park is next to a junction of the S7, which connects Kraków with Warsaw and the Tricity. It is also a short drive to the A4 motorway, which runs from the German border, through Upper Silesia to the border with Ukraine.




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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