The German multinational has taken 25,400 sqm and will move in towards the end of 2023 when CTPark Gdańsk Port is scheduled for completion. The renewable energy company will also take 620 sqm of office space at the scheme as part of the deal. AXI IMMO advised on the lease transaction.

By Q4 2024 CTPark Gdańsk Port will comprise 119,000 sqm of Grade A, environmentally friendly industrial and logistics space across two buildings, within attractive landscaped spaces. The scheme is named CTPark Gdańsk Port because of its location close to Gdańsk Port, the largest transshipment port on the Baltic Sea.

First tenant in CTPark Gdańsk Port

The deal between CTP and this global German company is more evidence of the ‘nearshoring’ trend in Central Eastern Europe (CEE) that is growing rapidly among international businesses. With the pandemic and a changing geopolitical backdrop increasing supply chain risk, more European businesses are increasingly manufacturing closer to home.

Bogi Gabrovic, Deputy Country Head at CTP Poland commented: “We continue to see strong appetite for our industrial and logistics space in the CEE region from major international businesses looking to bring their manufacturing closer to home. With its strong manufacturing base combined with the human capital of a skilled and cost-effective workforce, where thanks to a lower cost of living wages are lower than in Western Europe, CEE is perfectly placed to benefit from the nearshoring trend.”

“We feel satisfied that the client has acquired warehouse space on a strategic market, and we have additionally proved that despite the kilometers separating us, AXI IMMO consultants from different regions of Poland act as one perfectly functioning organism,” sums up Marta Nowik, Director, Industrial and Logistics Agency, AXI IMO.

CTPark Gdańsk Port will help tenants achieve their ESG goals. For example, the roofs of both buildings will include PV panels producing 11.6 MWp of electricity. This will enable the reduction of carbon dioxide emissions by almost 6,000,000 kg/year.

Strategic warehouse location close to the Baltic Hub container terminal

Poland has gained the status of a trans-European logistics hub, fulfilling its role of a link between the west and the east of Europe in an exemplary manner. Its perception as a mature warehouse market, ready to accept new investors as part of near- or friendshoring, has also strengthened. It is the development of these trends that CTP investments support through their strategic location on the map of Poland. CTPark Gdańsk Port is located near the Baltic Hub – a container terminal with an annual capacity of 2.9 million TEU, connecting the European Union and Asia with the emerging markets of CEE. It is also well connected to the Gdańsk northern railway port and local motorways.

About CTP

CTP is Europe’s largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 10.9 million sqm of GLA across 10 countries as at 31 March 2023. CTP certifies all new buildings to BREEAM Very good or better and earned a ‘Low-Risk’ ESG rating by Sustainalytics, underlining its commitment to being a sustainable business.

About AXI IMMO

AXI IMMO offers commercial real estate advisory services in leasing and managing industrial and office space, valuation, acquisition, and disposal of real estate assets and development land. The company also offers B2B and B2C supply chain management services. AXI IMMO’s most significant advantage is combining international service standards with thorough local market knowledge. The company received the award for the Best Local Agency in 2012-2019 and 2021 and the Best Team for the industrial sector in 2016-2017 in the prestigious CiJ Awards organized by the CEE CiJ Journal magazine.