Panattoni sells Wroclaw logistics park to P3

Panattoni sells Wroclaw logistics park to P3

Panattoni has sold its strategic Wroclaw Campus, a 185,000 sqm logistics park in southwest Poland to P3 Logistic Parks.

The Panattoni Wroclaw Campus comprises four buildings of a total of 185,000 sqm of space. The park has 10-metre-high clearance, and comprises five-tonne rack leg loading capacity, 319 dock levellers, 949 car and 67 truck parking spaces. Potential expansion includes two additional buildings of 160,000 sqm suited for warehousing and light industrial functions.

Robert Dobrzycki CEO & Co-Owner Panattoni Europe, UK and India, said: “Panattoni is the largest deployer of institutional capital in industrial and logistics assets in Europe, averaging around €7 billion a year. The sale of our Wroclaw logistics park to P3 demonstrates the sustained strong institutional investor appetite for industrial and logistics real estate. In Poland, new development supply continues to lag in meeting the need for space from industrial and e-commerce companies and the growing nearshoring trend.”

Wroclaw Campus has a ‘BREEAM Excellent’ sustainability certification. Tenants include ID Logistics, Korean logistics operator Unico Logistics, GEIS, LX Pantos and automotive cable manufacturer Leoni. Currently the number of workplaces provided within the investment account for ca. 600 employees.

Panattoni said the region is home to Europe’s largest producer of lithium-ion vehicle batteries for electric vehicles operated by Korean conglomerate LG (LGES Wrocław). The LG gigafactory will place Poland in third place in the projected rapid expansion of Europe’s electric vehicle battery production capacity out to 2031, after Germany and Hungary.

Wrocław Campus is situated in one of the most established logistics zones in CEE and Western Europe stretching from Szczecin in the north of Poland to Czech Republic, Slovakia, and Hungary in the south with more than 350 logistics parks comprising 20 million sqm. The site has direct access to the A4 and A8 motorways connecting major European markets such as Germany and Austria with a customer base of more than 100 million people. Wroclaw’s international airport is just 15 minutes away by car. The surrounding region has a population of 2.9 million while the city itself has 650,000 people.