P3 buys plots in Warsaw for city logistics

Long-term owner and developer of warehouse facilities in Europe, P3, expands its portfolio by two urban plots located within the Warsaw agglomeration, on which P3 Warsaw I and P3 Warsaw II parks will be built. Thus, urban logistics is yet another direction of the developer's intensive activities undertaken in Poland. 

The new projects respond to expectations from the market, including from the dynamically developing e-commerce sector, which, as it continues to strengthen its position and to expand even further, needs well-located warehouses, also such which are situated within the administrative borders of the largest agglomerations, so as to be able to deliver orders to the end customers as quickly as possible.

“We see a huge potential for the warehouse market in the Mazowieckie region. Market analysts say that nearly ¼ of the warehouse space for the logistics industry is already located here. The decision to expand our portfolio with the grounds for city logistics has been taken because we are aware of the growing popularity of online orders and the increasing consumer demands regarding delivery times. In this context, it is important to place distribution centers as close to the end customers as possible. The central location of the plots which P3 has purchased, very good infrastructure in their vicinity, and the possibility of reaching over 2.6 million potential end-customers residing in the Warsaw agglomeration provide the answer to the needs of the increasing number of our tenants,” Bartłomiej Hofman, Managing Director P3 Logistic Parks in Poland, said.

(WBJ)