First tenant in Panattoni Park Ożarów

19 Sep, 2008, Warsaw

Cushman & Wakefield, a leading global real estate advisory firm, has represented Panattoni Europe in the negotiations of a lease agreement with a nationwide pharmaceutical wholesaler, ACP PHARMA.

ACP PHARMA, the first tenant in Panattoni Park Ożarów, has leased 13,750 m² of warehouse space and 800 m2 of office space.

Panattoni Park Ożarów, a logistics centre, is being developed on a 13.7 ha plot at Poznańska street in Ożarow, located to the west of Warsaw. The three buildings will total 65,000 m² and are to be delivered to the market as soon as Q2 2009. The building will be 10 m high, with column
grid – 12 x 25 m, concrete, non-dusting floors with 5 T/m² load capacity, loading docks with dock seals, sprinkler system and 24-hour security. The scheme will feature maneuvering area and parking for trucks and cars.

ACP PHARMA is a service provider in the field of distribution of healing and medicinal products to pharmacies, wholesale outlets and hospitals, as well as a logistic service provider working for pharmaceuticals manufacturers. Together with its subsidiaries – Cefarm Rzeszów Sp. z o.o. and Cefarm Zielona Góra S.A., the Company cooperates through a network of 10 branches across Poland with more than 600 manufacturers, supplying their products to 3,000 pharmacies, 150 pharmaceutical wholesale outlets and 230 hospitals. Through the merger with ORFE in April 2007, ACP PHARMA has strengthened its position and its current market share ranges around 8%.

Panattoni Europe is an affiliate of Panattoni Development Company, one of the largest industrial real estate developers in the world, operating from 150 offices throughout North America and Europe. Panattoni Europe has been present in Poland since 2005. It has realized 23 schemes totaling 404,000 m2, and further 326,000 m2 is under construction.

Tomasz Olszewski, Partner, Head of Industrial Department of Cushman & Wakefield, said: „I believe that Ożarów commune shows a huge potential as a location of distribution centres servicing both
a local and national market. Demand for warehouse space around Warsaw is the highest among all regions. The first quarter of 2008 saw the demand on the level of more than 230,000 m²”

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