Panattoni to build new facility in Olsztyn

20
Apr
2020
News - Panattoni to build new facility in Olsztyn #development #industrial #logistics #Olsztyn #Panattoni Europe #Poland #warehouse

by Property Forum | Industrial

Panattoni is building the first modern multi-tenant distribution centre in the Warmia and Mazury region. Panattoni Park Olsztyn, featuring in excess of 36,000 sqm, will be delivered in the Stawiguda commune, in the immediate vicinity of the Olsztyn Południe junction, connecting S51 with S16, approx. 20 km from the S7 route. The project will be implemented in several stages and the first tenants will able to move to in as early as August this year. One of the factors which made the launch of the project possible was the lease by A&E Clothing, an American company specialising in textile recycling, which will take up in excess of 7,500 sqm of office and production space. The deal was negotiated on behalf of the customer by Axi Immo.


Olsztyn with its first multitenant warehouse facility. Panattoni Park Olsztyn, featuring in excess of 36,000 sqm in two buildings, is the first multitenant facility in Warmia and Mazury region. It marks a step forward in Panattoni’s expansion strategy in emerging markets and brings the region and its strengths to the attention of the industry.

According to Michał Samborski, Development Director, at Panattoni: “Olsztyn is the main and biggest city of Warmia and Mazury, the fourth largest voivodeship in Poland on the eastern edge of the European Union, bordering with the Kaliningrad oblast. Olsztyn itself is a major economic and academic centre in north-eastern Poland. Its location – right next to the S51 connecting the city with the S7 route, and therefore with Gdańsk – is particularly advantageous in the context of potential economic relations with both Russia and the Baltic States”.

 “For more than 10 years, Poland has shown itself to be one of the best locations for businesses considering expansion in Europe. The key reasons for this include recent investments in the development of road infrastructure, transport capacity, attractive lease rates, and more than anything else, access to qualified workers. Having regard to the above, the choice of Olsztyn as our first investment in Europe was a very conscious decision on our part. In the years to come, we plan to become, like in the United States, a reliable employer with a strong position in the local market. Our new facility, furnished with modern sorting equipment, will create jobs for 80 people” said Andy Jaruga, owner of A&E Clothing.

“The customer came to us with a clearly defined development plan for the Polish market. The location of their sorting plant had to be relatively close to the port of Gdańsk, where their containers arrive from the United States, and provide free access to a qualified labour pool. Olsztyn ticked all the boxes and that is why today the city joins the A&E Clothing family and will represent it in Europe. The customer has ambitious plans, in which Poland features as the central hub supplying recycled clothes mainly to the markets of Africa, Asia and Europe,” added Danuta Dzierżak, Associate Director Industrial & Logistic, AXI IMMO.

Panattoni Park Olsztyn, offering more than 36,000 sqm, will comprise two Class A warehouse facilities of approx. 24,000 sqm and 12,000 sqm. The layout of the warehouse and office units can be adapted in a flexible manner to accommodate warehousing, storage as well as light manufacturing operations, which makes the park suitable for customers from different business sectors. It comes with convenient service yards, ground-level gates and LED lighting, satisfying quality criteria confirmed by BREEAM (Very Good) certification. The project will be implemented in several stages – the first tenants will able to move to in as early as August this year.




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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