LOWER SILESIAN WAREHOUSE MARKET FLOURISHES Lower Silesia - the fourth largest warehouse market in Poland - continues to grow. Developers completed approx. 200,000 sqm of modern logistics space in H1 2020, which combined with somewhat lower demand contributed to an increase in the vacancy rate in this market.
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XI IMMO experts have checked the situation in region, new projects developments and tenants performance. Four warehousing and logistics assets were subject to investment transactions in the first six months of 2020 in Lower Silesia. The largest of those was Panattoni Wrocław IX with a GLA of 46,000 sqm, which was acquired by Savills Investment Management. Meanwhile Segro decided to add Panattoni Park City
Logistic Wrocław, with a GLA of 38,000 sqm, to its portfolio, while the Chinese CGL Investment Holdings bought a real estate portfolio of Hines Poland, including a scheme in Legnica with 26,000 sqm. Finally, Singapore’s sovereign wealth fund GIC became the owner of DHL’s distribution centre in Wrocław, as part of its acquisition of the Maximus European portfolio from Apollo Global Management.
LOCATIONS NORTH OF THE CITY ARE SUITABLE FOR COMPANIES SEEKING GOOD ACCESS TO POZNAŃ AND CENTRAL POLAND Stock of modern warehousing and logistics real estate in Lower Silesia increased by 200,000 sqm in H1 2020 (+60% compared to H1 2019), bringing the total to 2.5m sqm (+8.2% year on year). Looking at the last 12 months, 526,000 sqm was completed, which is the third 16
Winter 2020
The Warsaw Voice
