Panattoni Europe, market leader in industrial real estate in Europe, chosen by LPP SA. The company has leased 16,000 sqm at Panattoni Park Gdańsk III, which will be dedicated to e-commerce. The complex is currently under development, and the tenant will be moving in already in Q3 2018.

The new space will be used by LPP as a central warehouse dedicated to Cropp, from where the brand’s online stores in 11 countries will be served as early as Q3 2018. The lease contract provides for an option to expand the space by an additional 5,000 sqm and is the biggest lease signed in Tricity this year.

Source: panattonieurope.com
The new development by Panattoni Europe for LPP SA is a response to the company’s growing sales.

- In Q1 of this year the online sales of our collections went up by an astounding 139%. We anticipate that in 2018 we will manage to double them. Such growth dynamics pose significant logistics challenges before us and force us to expand our distribution network. By 2020, we are planning to invest as much as PLN 0.5 billion in the development of our logistics resources. The lease of warehouse space at Panattoni Park Gdansk is a part of that process. Today, clothing brands must operate logistics several times faster than even a few years ago. The client, particularly in e-commerce, is expecting nearly instant delivery of their order. - explained Jacek Kujawa, Vice President of the Management Board of LPP.

Panattoni Park Gdańsk III is a distribution centre which will comprise two modern warehouse halls totalling nearly 64,000 sqm.