19:22 14 October 2021
LPP leases 64,000 sqm at Panattoni Park Tricity South II
LPP, the largest clothing group in Central and Eastern Europe, has leased 64,000 sqm at Panattoni Park Tricity South II for e-commerce operations. The company, which owns the Sinsay, Cropp, Reserved, House, and Mohito brands, is to occupy this space in two Panattoni Park Tricity South II buildings, where it will commence operations as early as April 2022. The investment will be designed for online orders as well as service returns. Its location close to ports and key road junctions will enable several European markets to be reached.
The need for the new warehousing space follows naturally from the high levels of internet sales, which in the second quarter of the 2021/22 fiscal year increased by almost 30 percent y/y and now accounts for 22 percent of the group’s revenues.
Prior to this, in 2018, LPP leased 30,000 sqm at Panattoni Park Gdańsk III.
“This is our largest leasing contract for warehouse space designed for e-commerce services. It will increase our current fulfillment center warehouse potential by more than 30 percent,” Sebastian Sołtys, the Logistics Director of LPP, explained.
(WBJ)
