Panattoni leases over 1.1 mln sqm in Poland in H1 2020

Market leader in industrial real estate in Europe, Panattoni, has released its results for H1 2020. Over the period, the developer signed leases for more than 1 mln sqm, which is more than twice the space leased in the same period of 2019 (125 percent) . In the second quarter of 2020, its transaction volume was over 671,500 sqm, which was 57 percent higher than in the previous three months.

“This was a very good result and confirms the attractiveness of the industrial real estate sector, which has so far responded to the Covid-19 pandemic better than any other sector in commercial real estate,” commented Robert Dobrzycki, the CEO of Panattoni.

Iin the second quarter retail chains came to the force, since they wanted to improve their omnichannel strategies by concentrating more on online sales and their online stores. The proportion of production companies also grew. 

“These are the first signs of a tendency and a desire to become independent of Asian manufacturers and to keep or bring production back close to where it is consumed,” Robert Dobrzycki added.

Warsaw and its surrounding area was the most popular among tenants. More than 180,000 sqm of space was leased in this region, with tenants most frequently choosing the Warsaw area itself. Wielkopolska had the second highest number of leases (with almost 103,000 sqm of leased space), while third place in terms of the number of signed leases was jointly taken by the Tri-City (104,500 sqm) and Central Poland (78,000 sqm). 

(WBJ)