European industrial real estate market leader Panattoni has started the development of Panattoni Park Rzeszów Airport II. Today, the groundbreaking ceremony took place on the site of an 11,300 sqm BTS project, which is being constructed for US firm BorgWarner. This US-stock-exchange-listed company produces vehicle powertrains and exhaust system subassemblies. The tenant is to start setting up its assembly lines before the end of the year, with the entire building being handed over in February 2022.
Panattoni Park Rzeszów Airport II lies within one of the fastest developing warehouse locations in eastern Poland. According to Colliers, Rzeszów had the second-highest supply of new warehouse space in this part of the country in 2020.
“New warehousing projects are being started up quickly in the region because there is huge potential here. This is not only because of the low saturation rates and the growing demand but also due to other factors that attract investment, such as the highly skilled labor pool, the convenient location, and the attractive investment conditions of the Rzeszów Science and Technology Park. For these reasons, modern innovative production companies connected to the automotive industry are especially keen to be based here, including those involved in electric vehicle production,” says Marek Foryński, the BTS Managing Director of Panattoni.
The first tenant of the park is BorgWarner, a global leader in clean and efficient technological solutions for electric, hybrid, and petrol-driven vehicles. The company was already present in Rzeszów but was looking for additional space to produce components to reduce fuel use and exhaust fumes.
“We decided to open another factory here because the location is so attractive and because we will be an integral part of the BorgWarner Campus in Jasionka. Our first factory in Poland was opened in 2009 so we know the Podkarpackie region very well. The new factory is mainly going to produce components for seven OEMs (BMW, Daimler, Ford, JLR, Porsche, Stellantis, and VW), for the European market, nevertheless, some of the production output is to be sent to Asia (China and India) as well as the USA,” Barbara Osuchowska, Senior Europe HR Manager, BorgWarner, said.