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40 (135) 2019
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Real Estate & Construction

Location worth its weight in gold

By Bartosz Michalski, development director, SEGRO
Header bartosz michalski dyrektor developmentu segro

 

Proximity to major transportation routes, a location near an urban agglomeration and access to staff – these are the main features distinguishing the best warehouse locations.

Market reports show that for many years, the most dynamically developing warehouse regions have been Central Poland, Upper- and Lower Silesia, as well as areas around Warsaw. For these reasons, SEGRO, a leading owner, manager and developer of modern warehouse and light production space, is constantly expanding its development potential within the best-located lands.

Dynamic development in Wrocław

In the last months, SEGRO has acquired a plot of more than 17 hectares in Biskupice Podgórne near Wrocław where SEGRO Logistics Park Wrocław will soon be developed. Ultimately, at SEGRO Logistics Park Wrocław, SEGRO will provide 75,000 sqm of modern warehouse and production space, tailored to the needs of the customers from various industries. Like the other newly constructed SEGRO facilities, this project will be subject to BREEAM certification, which guarantees high quality of both the performance and ergonomics during the operation of the building. The new SEGRO plot is located directly at the entrance to the A4 motorway, a short distance from the A4 and A8 motorway junction. The convenient location of the park will allow efficient distribution on the local market in Poland on to foreign markets (Germany and Czechia are Poland’s no.1 and no 2. export markets respectively). An additional advantage is the short distance from the Wrocław airport.

This is SEGRO’s third logistics park in Wrocław. SEGRO Industrial Park Wrocław was the first to be built, located on a 10-hectare plot in the north-eastern part of the city, near the entrance to the Wrocław A8 Motorway Bypass, with total park potential of almost 35,000sqm. Recently, SEGRO also acquired a park located south of Wrocław, which was given the name SEGRO Industrial Park Wrocław 2, with a total area of 24,000sqm, with the potential for further expansion by 10,700sqm. The transaction is part of the SEGRO strategy, aimed at strengthening the company's position near the largest cities and major transportation hubs. 

Closer to cities

The current situation, related to dynamically growing urban populations and the growing demands of e-commerce consumers for same-day deliveries, increases clients’ interest in urban warehousing. This category already constitutes over two-thirds of the value of SEGRO’s European portfolio. In Poland, the FTSE 100-listed firm owns and manage four urban parks: SEGRO Business Park Łódź, SEGRO Business Park Warsaw Okęcie,  SEGRO Business Park Warsaw Ożarów and SEGRO Business Park Warsaw Żerań, which will soon be expanded by 20,000 sqm thanks to the revitalisation of the land. SEGRO plans to start a development project in the second quarter of 2020. There is a high probability that the growing demand for urban warehouse space will continue in the near future due to the growth of e-commerce sector, which already amounts up to a quarter of the share in the warehouse market in Poland.

Development in the best locations

As in previous years, SEGRO strategy assumes the parallel implementation of new development projects as well as development through prudent acquisitions. The company strives to have a land bank in all key locations, thanks to which both current and potential customers can develop in the vicinity of the most important Polish agglomerations and major transportation routes. SEGRO carefully observes new phenomena on the market, also analyses the land market on an ongoing basis, thanks to which the firm is able to respond quickly to the needs and expectations of its customers. It plans to consolidate its position on current markets by building more big-box facilities – the flywheel for market development – as well as strengthening our position on the small-business-units market in Warsaw.

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