Europe’s leading industrial real estate developer, Panattoni, has launched its latest city logistics project in Warsaw. The 18,000 sqm City Logistics Warsaw VI park will be in the city’s industrial neighborhood. The center is ideally situated to serve Warsaw’s districts of Praga and Śródmieście – the central part of the city.

The construction work is scheduled to begin in the middle of this year. This modern multi-tenant center will comprise 18,000 sqm including 2,000 sqm of office space.

This is the eighth city logistics project in Warsaw to be developed by Panattoni – only in the capital, the developer’s portfolio of last-mile facilities amounts to 150,000 sqm, including City Logistics Warsaw I, where the tenant is Frisco, or the recently announced project in Annopol  – City Logistics Warsaw IV. Similar centers under the developer’s City Logistics and Airport Parks brands have already been built in Łódź, Poznań, Katowice, Wrocław, and Gdańsk. The demand for last-mile logistics facilities from e-commerce companies is growing together with the rapid development of the sector.

“According to JLL’s latest report, the total demand for new city logistics space in Poland’s eight largest urban areas came to 450,000 sqm in 2020. This is a 40 pct increase on the previous year,” Marek Dobrzycki, Managing Director of Panattoni, said.

“This trend is not likely to stop. According to research by PwC, the Polish e-commerce market will be worth PLN 162 billion by 2026, which translates into an average growth rate of 12 pct a year. This will not only result from the strengthening of shopping habits formed during the time of the pandemic, but also from the rapid development of online stores, which are still relatively few in Poland when compared to Western European countries. New e-commerce players will also play their part, such as Amazon, which has recently announced plans to set up a new Polish-language online shopping platform,” he added.

(WBJ)