Panattoni expands Lower Silesia Wrocław Campus project and buys 35 hectares of land
Panattoni has purchased 35 hectares of land and will begin the construction of 160,000 sqm of new buildings as part of the Wrocław Campus in Q2 of this year.
Total GLA delivered by Panattoni in Lower Silesia amounts to about 2.5 million sqm, and the developer has warehouse space under construction exceeds 200,000 sqm. The Wrocław Campus itself, after expansion, will have 350,000 sqm with 6 buildings on an area of 75 hectares. Modern and environmentally friendly warehouse space within the complex is already used by e-commerce and automotive giants: ID Logistics/Amazon, Korean logistics operator Unico and automotive cable manufacturer Leoni.
Panattoni will begin constructing two new buildings with a total area of about 160,000 sqm on the recently acquired land in Q2 of this year. There are Amazon's facilities in the vicinity of the warehouse park. Also Korean LG facilities are in the same region, including Europe's largest lithium-ion battery factory for electric cars. It translates into a huge business potential for the e-commerce and automotive industries, especially when combined with the prime location. The close proximity to global manufacturers, as well as the S8 road and the Wroclaw South (A4) highway interchange, allows for efficient transportation towards the Czech Republic, Germany and virtually all Polish cities.
"The Wroclaw region is targeted by global brands, which gain the opportunity to quickly reach numerous European markets, benefitting from lower operating costs in Poland, relative to Western Europe. In Q3 2022, the region ranked third in Poland in terms of demand for industrial space, amounting to about half a million square meters. The demand is very strong all the time. That is why we are making more investments in strategic locations," says Marek Dobrzycki, Managing Director at Panattoni. "The main driver of Wrocław Campus will be e-commerce, which benefits from the international potential of the location. The e-commerce sector in Europe at the end of 2021 was worth approx. $730 billion, and is projected to reach $1.2 trillion in 2025. Due to its strategic location, Poland has become a hub for the largest markets in Europe, and the Wroclaw region (Lower Silesia) is one of the most important centers," Dobrzycki added.
Wroclaw Campus will undergo BREEAM environmental certification at the Excellent level - currently the highest in the Polish industrial real estate market. Among other things, the developer will reinforce the roof for photovoltaic installations, as well as prepare green areas to increase the visual attractiveness and biodiversity of the investment. Panattoni will also complete accompanying roads, and electrical, water and sewage infrastructures leading to the facilities.