Panattoni Europe leads PropertyEU's annual logistics developers ranking - based on warehouse completions between 2016 and 2018 - for the third year in a row, fuelled by strong economic growth and the continued rise of e-commerce.
The Warsaw-based company delivered nearly 5.3 million m2 of industrial space over the three-year period, with e-commerce customers accounting for 35% of the total. Manufacturing facilities represented 25% of overall space developed.
The bulk of Panattoni's projects are located in Poland but it is also active in Germany, the Czech Republic and the UK, where it acquired developer First Industrial in 2017. To date Panattoni Europe, part of US-based Panattoni Development Company, has built 7.5 million m2 of industrial space across Poland, the Czech Republic and Germany.
Commenting on the ranking, Robert Dobrzycki, CEO of Panattoni Europe, said: 'We have demonstrated during the years that Poland is a trustworthy partner for leading global economies, as it adapts its projects to the fourth industrial revolution (Industry 4.0) concept and the subsequent changes, involving automation, data processing and data sharing. The situation is no different in the e-commerce sector, where we are also a leading developer, and we consider it our obligation to go ahead of the market needs.'
He added: 'In the case of e-commerce, these needs are enormous. The value of this market worldwide is estimated to achieve US$3.45 bn, representing 13% of all retail. Yet as much as 95% of all sales will be transacted online by 2040! Panattoni Europe is ready to support and lead this revolution in purchasing.’
See also: Bulking up to meet the online challenge
Top 6 players unchanged
Goodman, with 3.2 million m2 of warehouse completions over the last three years, and Prologis (2.8 million m2) are the numbers 2 and 3 in PropertyEU's ranking, followed by UK REIT Segro, Central Europe-focused CTP Invest and Belgium's WDP.
Including Panattoni, the top six players in the ranking are unchanged from last year.