2020 a record year in Poland for Panattoni

by   CIJ News iDesk II
2021-01-12   09:27

Panattoni has noted an increase in leased space for Poland in 2020. Over the year, the developer signed lease agreements with such clients as Media Expert, 4f, InPost, Allegro and Phoenix Contact for over 2.1 million sqm of space – 800,000 sqm more than the previous year. This volume was achieved in spite of the outbreak of the epidemic in March and was mainly due to the e-commerce boom. The strong performance of the warehouse and industrial market was also the result of other new trends – such as the shift of production from Asia closer to the end consumer and retail networks securing the continuity of their supply chains. During the lockdown, e-commerce became one of the main sales channels and driving forces of the logistics sector. The growing importance of e-commerce had already been evident for some time, but the pandemic prompted a switch in massive numbers from traditional retail channels on the web. It has been estimated that the value of the e-commerce market in 2020 increased by 16–18% to over PLN 44 billion, by 2023 it is expected to reach PLN 58 billion.