Panattoni to expand warehouse complex in Tczew

12
Oct
2022
News - Panattoni to expand warehouse complex in Tczew #Flextronics #Panattoni Europe #Poland #warehouse

by Property Forum | Industrial

Panattoni has moved forward with the 20,000 sqm expansion of Flextronics International Poland's manufacturing and warehouse complex in Tczew. The ceremonial laying of the cornerstone took place on October 11th. The 80,000 sqm factory now includes four buildings and is one of the company's largest facilities in Europe.


Flex is rapidly expanding its operations in Poland within two centres - Tczew and Łódż. A few years ago, Panattoni delivered the first warehouse building for the company in central Poland, and another space there this year. It is now moving forward with a new development within the Pomeranian Special Economic Zone. Talks are underway about projects in more locations.

In Tczew, the company will expand by 20,000 sqm in one of the existing halls where Flex conducts manufacturing operations. The expansion will be completed in March 2023, and the entire complex will exceed 100,000 sqm of industrial space. As part of the hall expansion, Panattoni will install, among other things, an FM Global standard sprinkler system and a load-bearing floor. The developer will also equip the facility with some sustainable solutions to achieve an Excellent level of BREEAM certification. In addition, users will benefit from car-sharing parking spaces and recreation areas.

Panattoni purchased the existing building under a sale & leaseback agreement before the expansion.

"The company's complex in Tczew is a well-functioning organism, and any expansion must be a carefully planned operation that will not disturb its harmony. In such operations, Panattoni turns out to be a reliable partner. The laying of the cornerstone is the first stage of the construction itself. It also means another stage of fruitful cooperation between technologically advanced companies that understand each other's needs perfectly", says Marek Foryński, BTS Managing Director at Panattoni, and adds: "We are also pleased to add another successful sale & leaseback transaction to our portfolio, confirming our versatility".

"It's a great honour for us that a global, US-listed company is choosing to work with us in each of its Polish locations. Previously Łódź, now Tczew, with another development in Poland planned. The highest quality industrial space combined with the attractiveness of the domestic market is an invitation for the largest and most modern companies to develop right here in this part of Europe", adds Marzena Tkaczuk, BTS Development Director at Panattoni.

Flex's complex is located approx. 10 km from the A1 highway, which allows one to reach the centre of Gdańsk in 40 minutes and less than 45 minutes to the Port of Gdańsk. The branch is also a short distance from the S7 road. It will connect the Tri-City in the north with Kraków in the south, among others.




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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