Logistics property specialist Panattoni Europe has unveiled plans to invest €350 mln in warehousing facilities in a number of European countries.
Logistics property specialist Panattoni Europe has unveiled plans to invest €350 mln in warehousing facilities in a number of European countries.
The developer-investor said it plans to invest around €200 mln in Germany with another €150 mln to be deployed largely in Poland, the Czech Republic and Slovakia.
Panattoni currently has 409,970 m2 under development in Germany, Poland and the Czech Republic, including two new facilities for Amazon.
'The centre of gravity for logistics in Europe is and will remain in this part of the continent,' said Robert Dobrzycki, managing partner at Panattoni Europe, commenting on the planned investment spree.
He added: 'The relocation of manufacturing processes from Western Europe to Central Europe, mainly to Poland, the Czech Republic and Slovakia, is an additional factor which keeps these markets in very good condition.'
Panattoni currently manages a portfolio of 1.7 million m2 of logistics space across Europe.