Panattoni leased around 1.1 million sqm during the first six months of the year, up 125 percent on the same period last year. Only 6 percent of the total lease transactions in H1 were expansions. “This was a very good result and confirms the attractiveness of the industrial real estate sector, which has so far responded to the Covid-19 pandemic better than any other sector in commercial real estate,” said Robert Dobrzycki, the CEO of Panattoni. In the first three months of the year, the developer leased 425,715 sqm, while 950,000 sqm was leased by the entire industry as a whole, 45 percent more than in the first quarter of 2019, with the greatest tenant activity reported in March. In that month alone the total volume of transactions nearly doubled to 207,000 sqm.
