Panattoni has finished the last stage of Panattoni Park Sulechów III. The centre has been developed for BestSecret clothing distributor. The building has a total area of 136,000 sqm, which makes it one of the largest logistics centres in the region.

Last year was a year of gradual recovery in demand and relative stabilization for Ukraine’s warehouse property market. Recall that 2022 was a year of forced demand, with rental activity supported by relocations to safer locations and the search for new premises to replace the destroyed ones. In 2023, the market moved from the stage of survival to the stage of moderate development. Iryna Nastych summarised what happened in the warehouse market in 2023 and what to expect this year together with experts in an article prepared by the Ukrainian Real Estate Club for Property Forum.

Panattoni has built another investment in Lesser Poland. City Logistics Kraków Airport II is located near the Kraków-Balice International Airport, where a new cargo terminal is being constructed. The facility is suitable for e-commerce and last-mile logistics. The investment was made on a speculative basis and already has its first tenant - Allegro.

Panattoni has launched the construction of Panattoni Park Ruda Śląska IV. The new project will comprise 30,000 sqm and at the start a major tenant has already been found with midocean to lease 20,000 sqm of storage space including an extension option for a further 10,000 sqm.

As development activity has slowed down, the focus is shifting to managing the existing stock across the whole commercial real estate market. Owners and other stakeholders have to adapt rapidly to serve changing demand from occupiers, said Benjamin Perez Ellischewitz MRICS, Principal at Avison Young in Hungary, while answering Property Forum’s questions at Mipim in Cannes.

Panattoni has finished the construction of a logistics centre in Iłowa district (western Poland) for Hermes Fulfilment. This is the first project that has been built for the company in Poland and is also the largest centre of its type in the Hermes Group portfolio. 

The Group aims to at least double its revenue to €183-215 million in 2028, triple its EBITDA (excluding revaluations) within five years to €112–132 million in 2028, nearly triple funds from operations (FFO) to €51–60 million in 2028, and at least double its net asset value (NAV) per share to €48–56 million in 2028.

Panattoni has acquired financing for the development of its latest development in Western Pomerania. The €20 million loan was granted by mBank. Panattoni Park Szczecin V will comprise 30,000 sqm of which around a third has already been leased to a client from the food and hospitality sector.

Faedra Group, acting as developer and general contractor, has successfully sold its new, fully leased greenfield logistics development Faedra22 in Budapest. Throughout the marketing process, a German capital source was selected as the ideal buyer, Colliers reports. Selling Faedra 22 logistics park marks the first sizeable transaction by a foreign buyer in Hungary in 2024 so far.

Hillwood Poland’s 15 buildings have been certified BREEAM In Use at the Excellent level, completing the certification for the company’s entire portfolio. Obtaining the certificates was the result of cooperation with JWA, a consulting firm specializing in green solutions for commercial real estate.