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.