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The Warsaw Voice » Real Estate » May 28, 2008
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Market Mix
May 28, 2008   
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Big Contracts for Panattoni Europe
Panattoni Europe, one of the largest industrial developers in Poland and Central Europe, signed the biggest contracts in the sector in the first quarter of 2008 and leased the largest amount of storage and office space-giving it a 30-percent share of the market, according to Cushman & Wakefield Polska. "Compared to other Central and Eastern European countries, the Polish market is the most developed-Poland accounts for 50 percent of the logistics market in Central and Eastern Europe," said Robert Dobrzycki, regional partner in Panattoni for Central and Eastern Europe.

In March, Panattoni Europe leased 56,000 sq m of space in Panattoni Park Stryków to Leroy Merlin, in the largest industrial lease contract on the Polish market. The French DIY chain will use the Stryków center for cross-docking and as a central storage facility for products supplied to its stores.

In the first quarter, Panattoni Europe also leased 20,000 sq m in Panattoni Park Łódź Graniczna to Recticel Komfort Snu, a producer of mattresses and polyurethane foam, 11,000 sq m in Panattoni Park Pruszków to DSV, a supplier of transport and logistics services, 10,000 sq m in Panattoni Park Poznań II to Arvato Bertellesman, and 10,000 sq m in Panattoni Park Poznań to the clothing company Carry.

Biotechnology Park in Cracow
Construction of the first biotechnology park in Poland has started in Cracow. The LifeScience Park is a project by the Jagiellonian University's Center of Innovation. The park will consist of three connected laboratory and office buildings and will be constructed in three stages.

It will have a total area of around 25,000 sq m. The Technology Park to be built this year as the first stage of the project will provide 6,000 sq m of space to be rented out to large companies.

The Biotechnology/LifeScience Incubator will be built as the second stage of the project and will have 8,000 sq m of usable space. The facility is intended for small biotechnology start-ups. The park's third building is designated for large companies and will include a common area for researchers, with a kindergarten, fitness center and wine bar. Around 500 researchers will be employed at the LifeScience Park.

The decision to build the park in Cracow was taken after a feasibility study conducted by a team of Polish, Irish and British consultants showed that the project was commercially viable. Paweł Błachno, president of the Jagiellonian Center of Innovation, said, "The project may attract large companies from the United States and Western Europe to Poland."
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