Panattoni Europe, a leading warehouse provider, has summed up 2009. The developer leased out a total of over 250,000 sqm of warehouse and office space, most of it in build-to-suit projects, custom-tailored to their customers’ orders.

Even though 2009 was difficult for the industry, it was a developmental milestone for the company. Despite the economic slump, Panattoni increased its market share to 44.5 percent.

As in previous years, Panattoni signed record-breaking contracts in individual industries. This year, the biggest contracts were signed to build facilities custom-tailored to the needs of firms from the pharmaceutical and food sectors. Torfarm SA, a leader in pharmaceutical distribution supplying pharmacies nationwide, signed a contract with Panattoni to develop 35,000 sqm of warehouse space in the Warsaw and Poznań region.

In 2009, the park in Mysłowice enjoyed the keenest interest of customers, with Panattoni leasing out nearly 50,000 sqm of space. The facility’s new clients are Intermarché, which started operating its distribution centre in Mysłowice, and PartnerTech, which uses the space as its production facility. Also the Warsaw region was abuzz with business, with contracts signed for approximately 70,000 sqm. In particular, the end of last year brought a lot of new transactions for over 23,000 sqm, which reduced the developer’s vacancy rate down to 4 percent across the portfolio.

The new customers in the Warsaw region included: Henkel, Mode Com, Mercator Papier, Teoma and companies from the pharmaceutical sector: Astellas Pharma, Hand Prod and Poltraf. In the Poznań region, too, a series of contracts were signed for over 56,000 sqm. New Panattoni customers in this region include: C. Hartwig Gdynia, Newell Rubbermaid and Farmacol.

In 2009, Panattoni commissioned nearly 240,000 sqm of warehouse and office space in Poland and is continuously developing its portfolio. Currently, with a number of new projects launched, nearly 100,000 sqm is under construction. Panattoni has started the stage 3 extension of Panattoni Park Łódź East where the third, 17,000 sqm building is being erected, and the construction of facilities for Farmacol and H&M is under way.

This year the developer intends to focus on winning new BTS transactions and extending the existing facilities. In Central Poland this applies to Łódź, in the Warsaw region: the parks in Ożarów and Teresin, in southern Poland: Gliwice, Czeladź and Mysłowice, in the north of Poland: Gdańsk, in Lower Silesia: Wrocław. There will also be further development of the facilities in the Czech Republic (Prague) and Slovakia (new to the market portfolio since 2009), where the developer has started projects in Trnava and Senec.

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