Panattoni Europe and Standard Life Investments announce the extension of a lease agreement at Panattoni Park Teresin. The park’s existing client, the DSV Group, will occupy 35,600 sqm of modern warehouse space.
Panattoni Park Teresin is located in the third zone of the Warsaw region, which has a well-developed road infrastructure. Among the advantages of this location are the proximity to national road number 2 (Warsaw-Poznań), the planned A2 motorway connecting Berlin with Warsaw, and the railway line connecting Eastern and Western Europe.
The DSV Group, a provider of transport and logistics services, will remain in the Panattoni Park Teresin complex, which is owned by Standard Life Investments and was developed by Panattoni Europe. The lease agreement has been extended for 5 years for the 35,600 sqm currently occupied. The transaction was brokered by the real estate agency Colliers International.
– We chose this investment back in 2007 due to its good location and competitive rental rates. Both factors played a key role in our decision to extend the contract. Additionally, over the last four years, we have had a very good experience regarding facility management and have observed a true partnership approach that has functioned at Panattoni Park Teresin – said Thomas Jansson, CFO at DSV Poland.
In addition, DSV uses Panattoni logistics parks in Pruszków, Kraków, and Łódź, occupying a total of over 55,000 sqm of warehouse space. Furthermore, a build-to-suit investment of 6,500 sqm was recently completed at Panattoni Park Prague-Airport in the Czech Republic.