Panattoni Europe leased 425,000 sqm in the first three months of this year, of which 207,000 sqm were taken in March alone. The company had 1,051,777 sqm under development in Q 1 and since the beginning of its European operations has delivered 10 million sqm, 7.6 million sqm of which is in Poland. “Before the outbreak of the Covid-19 epidemic, e-commerce was one of the driving factors for logistics. Over the past few weeks, things have turned upside down and the bulk of consumers moved from the conventional distribution channels to the web. Online stores have seen record numbers and volumes of orders, and e-commerce has become a crucial driving force, affecting the warehousing sector, too. The current move of consumers to the online channels will change their behaviors in the future,” said Robert Dobrzycki, CEO of Panattoni. “That is why, even in the face of the anticipated slump, the segment of industrial and warehouse facilities is and will be in good form. Recent weeks have been very tough and intense. Our leases of 426,000 sqm represent a lot of hard work and, at the same time, real support for tenants, as they try to respond to the new reality and secure continuity in their supply chains.”
