Leading developer Panattoni has sold three fully commercialized industrial parks in Poland for around €100 million.
The parks totaling 135,000 square meters are Panattoni Park Żory, covering 37,600 m2 Panattoni Park Poznań XIII, spanning 42,000 m2; and Panattoni Park Łódź A1, at 56,000 m2.
They have been bought by a global property company, with a strong presence in the Polish logistics market.
The Poland industrial parks
Panattoni Park Żory offers access to the densely populated Silesian region and is conveniently located between Czech Ostrava and Katowice, providing access to the A1 and A4 motorways and the S1 expressway.
Panattoni Park Poznań XIII is 15 minutes’ drive from the international airport, which handled over 2.25 million passengers in 2022. Additionally, its proximity to the A2 motorway ensures efficient connections to Warsaw and Berlin.
Panattoni Park Łódź A1 is near the A1 motorway, linking the northern and southern borders of Poland. Moreover, the investment is just 30 minutes away from a railway terminal servicing international connections.
The acquired parks are fully leased, housing international players in sectors like logistics, FMCG, electronics, and DIY. Each facility has achieved a high standard of BREEAM certification, offering energy- and water-efficient solutions and promoting employee well-being.
Substantial transaction
Michał Stanisławski, Head of Asset Disposition at Panattoni, says, “Such a substantial transaction executed by a sector specialist investor signals that strong fundamentals of the industrial market make it an attractive target continuously appreciated by international institutional capital. Poland, situated at the center of Europe, is one of the most important logistics and industrial hubs. It presents dynamic rental and occupational growth due to local and global factors.”
This transaction underscores Panattoni’s strong presence in the Polish and European markets. In H1 2023, Panattoni was involved in two of the three largest transactions in the domestic industrial property market. The sale of the 160,000 m2 Wrocław Campus marked the largest non-divisional real estate transaction in Poland and the largest in the CEE industrial real estate market.
Robert Dobrzycki, Panattoni CEO & Co-Owner Europe, UK, and India, says, “In a changing investment landscape influenced by factors like inflation, rising interest rates, and construction costs, the industrial real estate segment stands out as a promising option. Growing trends such as nearshoring, reshoring, and the expansion of e-commerce play a significant role in this. Warehouse, logistics, and industrial facilities are becoming critical infrastructure, strategically positioned closer to customers to secure supply chains. Poland, with its excellent location, is a preferred destination for long-term investors appreciating the potential of our developments.”
