Panattoni has completed the sale of Panattoni Park Poznań A2, a 150,000 sqm industrial and logistics complex in Robakowo near Poznań. The development is fully occupied by a major company from the fashion sector, which operates the site as one of its principal European distribution facilities. The identity of the purchaser and the value of the transaction have not been disclosed.
The disposal completes Panattoni’s development and investment cycle for the property, from securing the site and constructing facilities tailored to the occupier through to leasing and eventual sale. The developer said transactions of this type allow capital to be redirected towards new projects while demonstrating continued investor interest in large, income-producing logistics properties in Poland.
“The sale of Panattoni Park Poznań A2 completes the full cycle that we have been following in Poland for nearly two decades: we acquire land, build to meet the tenant’s specific needs, let the property and hand over the completed asset to the investor. We have been working with the park’s tenant almost since the start of our presence in Europe. Since then, the Polish market has changed significantly. It is no longer a place where people look for cheap space, but has become a market where international companies locate their key operations, whilst funds treat these assets as a long-term component of their portfolios,” said Marek Dobrzycki, Partner at Panattoni.
The complex is located approximately 8.5 km from the junction connecting the A2 motorway and S11 expressway and less than 19 km from central Poznań. Its position provides access to Poland’s domestic distribution network as well as routes towards Germany and other Western European markets. An intermodal terminal nearby also provides rail connections towards the ports of Hamburg and Rotterdam.
Environmental performance forms an important part of the development. Hall B, an approximately 82,000 sqm build-to-suit facility, has achieved BREEAM Outstanding certification, while Hall A holds BREEAM Excellent certification. According to Panattoni, solutions incorporated into Hall B reduced primary energy consumption by more than 27% against applicable national requirements and water consumption by 70% against the project’s reference model. More than 95% of construction waste was recycled or recovered.
“Large, fully let logistics assets located in Poland’s main warehouse markets remain highly attractive to institutional capital. Poznań is particularly well-positioned in this respect – thanks to its well-developed infrastructure and a location ensuring efficient access to both the domestic market and Western Europe,” said Michał Stanisławski, Co-Head of Capital Markets at Panattoni.
The transaction adds another large-scale disposal to Poland’s logistics investment market at a time when institutional buyers are focusing on established locations, secure income and modern technical standards. For Panattoni, the sale also releases capital for further development, while the fully leased status of the 150,000 sqm complex limits immediate occupational risk for its new owner.