Panattoni to invest €1.2 bn in urban logistics across Europe

Developer Panattoni Europe has revealed it plans to invest €1.2 billion in urban logistics projects across Europe, dedicated to so-called last-mile delivery, over the next three years. In Poland, the company is currently working on four such schemes that are valued at a total of €65 million. The latest of them – City Logistics Warsaw in the Bielany district of the Polish capital – has recently secured its first tenant. Online supermarket Frisco.pl will take up 11,000 sqm of space at the 26,000-sqm property. By the end of this year, Panattoni Europe will have delivered approximately 150,000 sqm of urban logistics space within the new program, focusing on the Polish market, said Robert Dobrzycki, CEO Europe at Panattoni Europe. He added that the company will in the near future also launch similar investments in Germany, the UK and the Czech Republic.

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