A record year for Panattoni in Poland – more than
34.4 million sq ft leased in 2021

panattoelement on February 2, 2022

A record year for Panattoni in Poland – more than 34.4 million sq ft leased in 2021

Over the year, the developer signed approx. 300 lease agreements for more than 34.4 million sq ft of space – 19.9 million sq ft 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 19.9 million sq ft of BREEAM certified space last year, while another 30.1 million sq ft is under construction.

Panattoni’s year in summary. In 2021, the developer signed around 300 lease agreements, the volume of which amounted to 35,065,150 sq ft. 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 over 30.1 million sq ft under construction, while the space already developed by Panattoni exceeded 110.9 million sq ft he says.

Panattoni’s largest transactions last year include: 1,571,530 sq ft for Zalando in Bydgoszcz, 1,130,210 sq ft for DHL Supply Chain and Zalando near Poznań, 882,640 sq ft in Gorzyczki, 839,585 sq ft for ID Logistics in Wrocław for the e-commerce sector and over 1,442,365 sq ft 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 10,765 sq ft to almost 1.7 million sq ft,” explains Robert Dobrzycki.

On a wave of green transformation. 2021 was also an extremely effective period for Panattoni in terms of the challenges of sustainable development and the green transformation of the commercial real estate sector. All of the developer’s investments last year were notable for their minimal negative environmental impact, reduced CO2 emissions, reduced operating costs and the care taken for the wellbeing of the people working in them.

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 2,152,782 sq ft of warehouse space. The total area of projects that received green certificates in 2021 was over 12.9 million sq ft. 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 38.75 million sq ft of certified space. Another 11.8 million sq ft 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.

Recent Posts

Panattoni underway with 142,000 sq ft speculative logistics facility at Borehamwood

panattoelement on February 1, 2022

Panattoni underway with 142,000 sq ft speculative logistics facility at Borehamwood

Panattoni, the largest industrial real estate developer in Europe, has begun speculatively developing a 142,000 sq ft logistics facility at Panattoni Park Borehamwood.

The new facility, will complete the development of Panattoni Park Borehamwood on a 17-acre site which is located inside the M25, less than a mile from the A1 and 2 miles from junction 23 of the M25. This makes it a prime opportunity for occupiers looking at serving the London and South East market.

It is expected to be completed in the third quarter of this year.

The development will benefit from an extensive 48m yard, 13 dock doors, 6 level access doors, 94 car parking spaces and impressive 15m clear internal height. The unit will be built to a targeted BREEAM rating of ‘Very Good’ and an EPC rating of ‘A’ with many sustainable features such as EV van and car charging points, 15% roof lights, LED lights and rain water harvesting systems.

Buckingham Group Contracting has been appointed main contractor.

The first phase of development at the park comprised a pre-let, 36,000 sq ft facility for UK Power Network and a 159,000 sq ft facility, which is available for occupation.

Anthony Watkins, Development Director at Panattoni, said: “Panattoni Park Borehamwood is a fantastic location for an urban logistics occupier serving London and an excellent base for a national logistics operation requiring access to the south east”.

 

Letting agents are JLL and Cushman & Wakefield.

 

For more information please visit the website by clicking here

Recent Posts

Panattoni leases Farnborough 170 to DFS Furniture

panattoelement on January 31, 2022

Panattoni leases Farnborough 170 to DFS Furniture

Panattoni bought, built and let in 11 months

 

DFS Furniture takes 170,000 sq ft speculatively built logistics facility

In just 11 months since acquiring the former Benthalls warehouse site in Farnborough, Panattoni has developed a 170,000 sq ft logistics facility and let the entire unit to DFS Furniture on a long-term lease, highlighting the speed and success of its speculative build strategy in the UK. DFS commenced its fit out within the building in December.

Meeting huge demand for UK logistics facilities

As demand for large logistics facilities in the UK continues unabated, Panattoni is helping some of the largest companies to expand their operations by developing high-spec logistics facilities at scale in some of the most strategically important locations around the country. Located on the M3 corridor, Farnborough 170 serves Europe’s largest consumer markets and was one of the only large units speculatively delivered in the Thames Valley in 2021.

Commenting on the project, Alex Mitchell, Development Associate at Panattoni, said: “The letting of the speculatively developed Farnborough 170 to DFS Furniture in such a short period from our purchase of the land to development of the facility is indicative of the high demand that we’re experiencing from tenants for immediately available logistics space and justifies our commitment to a speculative development programme in the UK”.

Dominating provision of speculative build facilities in the UK

In 2017, Panattoni made a UK-wide commitment to speculatively develop more than 3 million sq ft of space annually, purchasing new sites and committing to development straightaway. Panattoni now dominates the logistics development market in the UK, speculatively developing 5 million sq ft annually, on average, to meet the growing occupier demand for space.

Strong sustainable credentials

Panattoni Farnborough 170 has been built to a BREEAM rating of ‘Very Good’ and an EPC rating of ‘A’ with low carbon in mind, using technology such as roof-mounted, mono-crystalline photovoltaic panels and solar thermal panels. It also has a 15m clear internal height, 12 dock doors, nine level access doors and up to 2.5 MVA of power.

 

Letting agents on the scheme were DTRE and Savills. DFS was advised by Savills.

Recent Posts

Panattoni starts to deliver for DHL at Aylesford

panattoelement on January 27, 2022

Panattoni starts to deliver for DHL at Aylesford

Work has got under way on the delivery of DHL’s new logistics centre at Panattoni Park Aylesford in Kent.

The first steels on DHL’s building have been erected after the groundworks were completed. It marks the start of construction on the site which has planning permission for up to 1.9 million ft sq of high-quality logistics and distribution space.

Leader of Tonbridge & Malling Borough Council, Cllr Matt Boughton joined the team from Panattoni, Europe’s largest privately-owned industrial developer, to watch the building take shape.

He said: “I’m pleased to be here to see the first steps in the construction of what will be a flagship industrial development for the borough. It’s great news for local jobs and I look forward to following the development’s progress and welcoming DHL and other companies to Aylesford.”

The 110,406 sq ft building, designed to meet DHL’s specific needs, includes 12 dock doors for HGVs, plus level access for vans on a six-acre plot on the site near Junction 4 of the M20.

The DHL building has been designed to be consistent with Panattoni’s commitment to the environment and will secure the 10% biodiversity net gain required by Government. It will have a supertight envelope and utilise air source heat pumps, photovoltaic panels, roof lighting and energy efficient building materials.

Tony Watkins, Development Director for Panattoni, added: “It’s very exciting to see the start of work on DHL’s building and it’s great to show Cllr Boughton the progress we’ve already made on our journey to create a new base for 3,000 workers and the industry leaders in logistics and distribution.”

DHL, which will be Panattoni Park Aylesford’s first tenant, has signed a 15-year lease. Its building, located at the junction of Bellingham Way and Station Road, is scheduled to be completed by July 2022.

Panattoni has appointed Buckingham Group as the main contractor and Maidstone-based building, civil engineering and aggregates company Gallagher Group is undertaking the groundworks on the 90-acre former Aylesford Newsprint site adjacent to the River Medway.

 

For more information on the site, please view the website by clicking here.

 

Recent Posts

Panattoni enters the Scandinavian market – new office in Sweden

panattoelement on January 11, 2022

Panattoni enters the Scandinavian market – new office in Sweden

European industrial real estate market leader Panattoni enters Scandinavia and establishes a Swedish subsidiary in Gothenburg. It is headed by Fredrik Jagersjö Rosell and assisted by Daniel Andersson and Patrik Lööv-Wallin.

Panattoni’s Scandinavian offensive. Panattoni is a globally recognized developer of a high-quality, modern industrial and warehouse space. It has topped the rankings of the largest developers for the last 5 years with active operations in 13 countries. Now it is entering Scandinavia. In December, it opened a Panattoni office in Gothenburg. It is the second-largest city in Sweden and the fifth-largest in the Nordic countries. It is also the largest logistics real estate market in Sweden. — We want to be where our customers are, to provide them with access to first-class warehouse and production space. According to the newest data, Sweden is ranked the third-best industrial and logistics investment market in Europe, with an investment’s value of about two billion euros in the first half of 2021 (just after the UK and Germany). The Gothenburg region itself is the gateway to the Nordic countries as it has a strategic location between Stockholm, Oslo, and Copenhagen. This is facilitated by the largest international seaport in the Nordic countries, which provides access to most of the world. More than 30 percent of Scandinavian and 60 percent of Swedish container traffic passes through this port. On top of this, there is a strong e-commerce growth trend in Sweden. All this makes Gothenburg an extremely attractive location for our new office – explains Robert Dobrzycki, CEO Panattoni. This is confirmed by JLL data. While in 2020 nearly 570,000 sqm was delivered in Sweden, in 2021 nearly 920,000 sqm will already hit the market, and in 2022 – 1,4 million sqm.

Swedish e-commerce boom. The high demand for logistics and industrial real estate in Sweden is due to the rapid growth of e-commerce. — Almost 97 percent of the population here has access to the Internet, 86 percent of whom shop online, which puts the Swedes among the leading countries in this respect. For more than a decade, Swedish e-commerce has been growing steadily by several percent, but in 2020 it shot up by 40 percent. According to JLL forecasts, e-commerce turnover will increase by 70 percent between 2021 and 2025. It is worth noting here, that e-commerce in Sweden is so widespread, thanks to the tradition of mail order and strong retail brands – explains Fredrik Jagersjö Rosell, who in December took the position of Managing Director at Panattoni’s Swedish branch. He will be responsible for developing Panattoni’s projects in Sweden, both in speculative and BTS form, with a particular focus on the e-commerce market.

Fredrik Jagersjö Rosell has 11 years of experience in the industrial and logistics real estate market in Sweden. For the last four years, he has worked in the business development department at­ Logistic Contractor. It is one of the largest industrial and warehouse developers in the Nordic countries, delivering approximately 200,000 sqm of modern space every year. From December 2019 – already as Head of Development – he managed a team of specialists responsible for acquiring new clients, land acquisition, and investment sales. In 2020, the total value of properties sold by his department amounted to around 190 million euros.

Before joining Logistic Contractor, Fredrik was a real estate consultant for seven years at such renowned companies as Colliers and JLL. At the latter, he was responsible for the Industrial and Logistics Leasing team in Sweden.

Daniel Andersson and Patrik Lööv-Wallin have also joined Panattoni’s first Swedish team. Daniel has taken up the position of Head of Structured Finance and Operations. Previously, he spent 5 years as CFO in companies focusing on condominium projects. He started his career in banking, working for 9 years for Handelsbanken in Sweden and Singapore. His background is in economics – he studied at the Faculty of International Economics at Skövde University.

Patrik has been involved in consulting, leasing, and sales of logistics and industrial properties for 15 years. For the last 8 years, he has worked as Development Manager at Logistic Contractor, where he was involved in 18 projects with a total area of 450,000 sqm. Before that, he was a real estate advisor at CBRE Sweden. He holds a master’s degree in logistics and transport management. He also spent a year at the Cracow University of Economics, studying economics and management.

Recent Posts

Panattoni submits plans for 715,000 sq ft speculative logistics development in Rotherham

panattoelement on January 10, 2022

Panattoni submits plans for 715,000 sq ft speculative logistics development in Rotherham

Panattoni, the largest industrial real estate developer in Europe, has submitted plans for a mega speculative development in the UK.

Panattoni has submitted a reserved matters planning application to Rotherham Metropolitan Borough Council for a 715,000 sq ft speculative development, Panattoni Park Rotherham, consisting of the 630,000 sq ft facility and a smaller 85,000 sq ft facility by junction 1 of the M18 at Rotherham.

The 40-acre Panattoni Park Rotherham is located in an established distribution location, immediately adjacent to junction 1 of the M18 and just two miles from junction 32 of the M1. Local occupiers include Great Bear, Clipper Logistics, DX and FedEx.

Letting agents are M1 Agency, Legat Owen and Knight Frank.

Dan Burn, Development Director for the North West and Yorkshire at Panattoni, said: “We look forward to working with all stakeholders through the planning application process with the aim of bringing forward this nationally significant development”.

Recent Posts

Panattoni, the largest industrial real estate developer in Europe, has submitted plans for a mega speculative development in the UK. Panattoni has submitted a reserved matters planning application to Rotherham Metropolitan Borough Council for a 715,000 sq ft speculative development, Panattoni Park Rotherham, consisting of the 630,000 sq ft facility and a smaller 85,000 sq ft facility by junction 1 of the M18 at Rotherham. The 40-acre Panattoni Park Rotherham is located in an established distribution location, immediately adjacent to junction 1 of the M18 and just two miles from junction 32 of the M1. Local occupiers include Great Bear, Clipper Logistics, DX and FedEx. Letting agents are M1 Agency, Legat Owen and Knight Frank. Dan Burn, Development Director for the North West and Yorkshire at Panattoni, said: “We look forward to working with all stakeholders through the planning application process with the aim of bringing forward this nationally significant development”.

Panattoni lets 250,000 sq ft of speculative logistics space in Northampton to 4PX Express

panattoelement on December 7, 2021

Panattoni lets 250,000 sq ft of speculative logistics space in Northampton to 4PX Express

Panattoni, the largest logistics real estate developer in Europe, has signed a lease agreement with 4PX Express, the global logistics company, for a 250,000 sq ft facility at Panattoni Park Northampton.

4PX Express has signed a 15-year lease for the facility, which was built speculatively, at the 1.7 million sq ft industrial park.

The letting follows the success of the first phase of 625,000 sq ft, which was let to Eddie Stobart Logistics. Panattoni has another 430,000 sq ft unit available to let and is expected to complete the final unit of 380,000 sq ft in February 2022, which could operate as 810,000 sq ft of space for a single occupier.

All buildings are built to a BREEAM rating of ‘Excellent’ and have an EPC ‘A’ rating.

Northampton sits in the ‘logistics golden triangle’, long regarded as the UK’s most strategically important location for distribution. Located at junction 16 of the M1, Panattoni Park Northampton is only 20 miles from the M6 and A14.

Oliver Bertram, Development Director for Panattoni, said: “Speculatively developing 1 million sq ft in one phase is testament to the importance of Northampton as a logistics location and the high level of occupier demand for the park. We are pleased to welcome 4PX to Panattoni Park Northampton and become our first tenant of phase 2”.

 

Letting agents for Panattoni are Savills and Burbage Realty. 4PX Express was advised by Altus Group.AC

Recent Posts

Panattoni secures first pre-let at 1.9 million sq ft Aylesford development to DHL

panattoelement on November 29, 2021

Panattoni secures first pre-let at 1.9 million sq ft Aylesford development to DHL

Panattoni, the largest industrial real estate developer in Europe, has signed the first pre-lease agreement at its 1.9 million Panattoni Park Aylesford development in Kent, with DHL, the global logistics company.

DHL has signed a 15-year lease for a 110,406 sq ft facility. With 12 dock doors, six-level access and a 50m yard, it will be a last-mile facility for DHL serving Greater London. Panattoni is already on site, carrying out pre-development work, and expects to complete the facility in July 2022.

In August, Panattoni completed the highly complex acquisition out of administration of the 90-acre former Aylesford Newsprint site in Kent. This has enabled Panattoni to take forward the development of 1.9 million sq ft of high-quality logistics space close to junction 4 of the M20 to serve London and the south east.

Panattoni Park Aylesford is a £180m investment in high-quality, sustainable logistics development, infrastructure, parking, landscaping and access, including the new £7 million Bellingham Way link road.

Anthony Watkins, Development Director at Panattoni, said: “Aylesford will be one of our largest logistics sites serving London and the Channel ports. When we acquired the site, we knew it would be enormously attractive to the logistics industry. The response from leading players has been fantastic, and the pre-let to DHL reflects that”.

 

The agents for the site are CBRE, Avison Young and JLL.

Recent Posts

Panattoni delivers £100m Ocado deal

panattoelement on November 8, 2021

Panattoni delivers £100m Ocado deal

Panattoni has completed the sale of Ocado’s new logistics facility in Luton for around £100m.

The net initial yield is circa 3.00%, an indicator of where pricing is for prime assets in quality locations outside of London.

The 346,132 sq ft facility was speculatively developed by Panattoni and let to Ocado Retail, the joint venture between Marks & Spencer Group and Ocado Group, on a 20-year lease in September this year.

James Watson, Development Director at Panattoni, said, “It was a pleasure working with Ocado to deliver this new logistics facility. The price achieved for the investment sale reflects the prime location and quality of the building.”

The transaction completes Panattoni’s exit from the wider park at Luton, which is adjacent to the newly built junction 11a of the M1. The first unit of 69,000 sq ft was let to Deta Electrical on a 15-year lease and sold to CBRE Global Investors for £16m.

Panattoni was advised by Savills. The buyer was represented by Acre Real Estate

Recent Posts

Panattoni leases 305,360 sq ft facility in Crewe to AO

panattoelement on November 3, 2021

Panattoni leases 305,360 sq ft facility in Crewe to AO

Panattoni, the largest industrial real estate developer in Europe, has signed a lease agreement with AO, the online electricals retailer, for a 305,360 sq ft logistics facility in Crewe.

AO has signed a 10-year lease for the facility, Crewe 305, which is the largest speculatively developed warehouse in the North West region to be completed this year. The facility is the second to be developed by Panattoni at Crewe Commercial Park, which is adjacent to the A500 dual carriageway and close to junction 16 of the M6.

The first unit of 240,000 sq ft was let to NWF Group last year on a 12-year lease.

Crewe 305 has been built to a BREEAM rating of ‘Very Good’ and an EPC rating of ‘A’ with many sustainability features, such as low energy office lighting and 15% roof lights. It also has a 15m clear internal height, 27 dock doors, five level access doors, a 50m yard with parking for 49 HGVs and up to 1.5 MVa of power.

The site will be AO’s fourth distribution warehouse in Crewe and sixth in total. The facility will be used to distribute to AO’s network of local hub depots across the country to ensure it has the capacity to manage increasing customer demand.

Dan Burn, Development Director at Panattoni said: “Panattoni have worked hard with AO and their team to provide them with immediate access to our new Crewe 305 facility upon practical completion of the building.  It is great to have been able to provide the space for such a huge local occupier to expand their capacity while being able to stay local to their current operation.  We are delighted to be a part of their continued expansion.  Letting the building on practical completion further endorses our speculative development programme”.

Letting agents were Legat Owen, Burbage Realty and CBRE. Savills acted for AO.

Recent Posts