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SEGRO hits milion metres in Poland

SEGRO – leading owner, asset manager and developer of modern warehousing and light industrial property, ends Q1 2015 with million square metres in Poland. Currently, the company portfolio in the country comprises approx. 1 042 700 sq m and 1 147 700 sq m in the whole Central Europe region.

In Q1 2015 SEGRO completed a modern Logistics centre for Volkswagen Group Polska consisting of over 30 000 sq m, within the premises of SEGRO Logistics Park Poznań, Komorniki. Thus, the developer's portfolio in Poland exceeded one million square meters.
SEGRO started its operation in Central Europe at the beginning of 2006. Currently the company runs investments in: Gdańsk, Gliwice, Łódź, Poznań, Prague, Stryków, Tychy, Warsaw and Wrocław. At present, 23 000 sq m of space is under construction. Magdalena Szulc, SEGRO Business Unit Director Central Europe comments on the company plans: “In 2015 we continue to follow our long-term strategy relying in the development of our portfolio in Central Europe through selective acquisitions of assets and the development of existing investments in strategic locations.”
The previous year was successful for SEGRO. In 2014 the developer started the construction of over 84 000 sq m of space and completed, acting on behalf of SEGRO European Logistics Partnership “SELP”, two major transaction in the Central Europe region. As a result, SEGRO’s portfolio increased by new modern facilities in Warsaw, Łódź and Poznań, all being key locations for the company in Poland and also in the Czech Prague. Jointly, the newly acquired facilities comprise approximately 200 000 sq m of space worth €113 mln. End of December the developer purchased 10-hectare plot in Tychy planned for a new warehouse-production investment, which will eventually deliver over 40 000 sq m of space. In autumn last year a new project in Warsaw comprising nearly 10 000 sq m within SEGRO Business Park Warsaw, Ożarów was launched.  90% of the space was not pre-leased and the building’s commissioning is scheduled for the second half of this year. At the beginning of 2015 works over the design of a new facility in Poznań. Construction works will be launched in spring. A cross-dock terminal with a modern sorting facility comprising 9 000 sq m will be entirely aimed for DPD Polska company. The completion is scheduled for autumn 2015.

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