Panattoni Europe signs new leases and expands its park in Lublin
Panattoni Europe, Poland’s leader in the industrial property market, has signed on new tenants and is expanding Panattoni Park Lublin by an additional 19,660 sqm. New clients include Inter Cars, Eurocash Serwis, Cega, Rohlig Suus Logistics and Nałęczowska Spółka Handlowa. In this way, the developer confirms Lublin’s growing position on the map of industrial facilities in Poland.
The extension of Panattoni Park Lublin is under way. Panattoni Europe has commenced another stage of development works on the Lublin project – 19,664 sqm are under development for new tenants: Inter Cars S.A., which will take up in excess of approx. 4,370 sqm, and Rohlig Suus Logistics, which has leased more than 2,100 sqm. It is anticipated that the current stage of works will be finalised at the end of Q3 2016. Moreover, the first building of the complex, featuring 15,476 sqm, has been completed. Next to the first client, Spiżarnia SJ, which occupies 7,500 sqm – the modern warehouse space has accommodated new tenants: Nałęczowska Spółka Handlowa (alibi supermarkets) with approx. 1,400 sqm, Eurocash Serwis, which has taken up close to 3,000 sqm, and CEGA Sp. z o.o. with more than 2,100 sqm. The developer is planning further expansion in the future, to create a complex boasting a total of 72,000 sqm. This is Panattoni Europe’s response to the changing role of Lublin, which is becoming an increasingly significant place on the map of warehouse and distribution centres.
In recent years, Lublin has been developing very dynamically. Intensive investments in the development of infrastructure have made the city and its surroundings an excellent location for potential investors. Ongoing projects include the construction of the S-17 expressway, which will connect the Warsaw metropolitan area with the Lublin region, and in the future will run all the way to the border crossing in Hrebenne. This location attracts not only clients who need warehouse space, but also businesses looking for new production facilities. This is partly down to the availability of a qualified labour pool. “In the case of Lublin, things are happening for a number of reasons, notably the abundant supply of qualified workers – let us not forget that it is an academic centre with a vast potential, and also because of the competitive labour costs compared to other regions and, importantly – the assistance of regional investment support bureaus and local authorities” – explains Dorota Jagodzińska-Sasson, Managing Director, Panattoni Europe.
Panattoni Park Lublin is a modern production and technology complex. Strategically located in the east of the country, it also guarantees convenient connections with Western Poland. The park is in the vicinity of the expressways S12, S17 and S19, at the Lublin Subzone of the Special Economic Zone EURO-PARK Mielec. The complex comprises three facilities planned to total 72,000 sqm and the businesses which decide to invest in the park are eligible for state aid, in the form of regional aid including personal and corporate income tax exemptions, granted for both the capital expenditure incurred and the creation of new jobs.