LPP leases 16,000 sqm at Panattoni’s Tri-city park

Fashion retailer LPP has leased a total of approximately 16,000 sqm of warehouse and office space at the ongoing Panattoni Park Gdańsk III project in the Tri-city area. The tenant, who will use the leased space to service the online stores of its Cropp brand in eleven countries, will move into the property in the third quarter of this year.

In Q1 2018, LPP saw its online sales grow by 139 percent, revealed vice president of the management board Jacek Kujawa. Such growth dynamics pose major logistics challenges for the company. By 2020, LPP plans to invest PLN 500 million in the development of its logistics base, Kujawa said.

The Panattoni Park Gdańsk III scheme will consist of two buildings and comprise a combined almost 64,000 sqm of space.

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