Panattoni boosts CEE investment plans

Logistics property developer Panattoni Europe has added another €150 million to its €200 million investment program, the company said in a press release on Tuesday. The additional funds are earmarked for the development of new facilities in Poland, the Czech Republic, Slovakia, and for selected projects in other countries, Panattoni said. “The demand for modern logistics facilities is enhanced by the super-fast growth of e-commerce, continuing supply chain streamlining and general improvement of the economic outlook in Europe,” said Robert Dobrzycki, Managing Partner at Panattoni Europe. “The relocation of manufacturing processes from Western Europe to Central Europe, mainly to Poland, Czech Republic, Slovakia, is an additional factor which keeps these markets in very good condition.”