Two BTS projects for Torfarm

Panattoni Europe, one of the biggest developers of industrial space in Europe, signed an agreement with Torfarm for the delivery of build-to-suit (BTS) investments in Poland. The developer will build two distribution facilities altogether totaling ca. 35,000 m2 of warehouse space.

BTSes for the pharmaceutical industry

The BTS department, operating within the Panattoni Europe structure, has signed a contract for the execution of two tailor-made investments for Torfarm, a Polish drug distributor. As soon as 2010 Torfarm will be able to operate via two facilities, located in Warsaw and Poznań. The modern, high-tech facilities will allow for the optimization of distribution processes to pharmacies in the country. The Warsaw investment will comprise one building of 23 000 m2, encompassing 21 500 m2 of warehouse space and an office of 1 500 m2. In Poznań Panattoni will deliver to Torfarm a 10 000-square-meter warehouse and an office of 1 480 m2. These will be high-storage, fully automated buildings, playing a vital role in the procurement process of all Torfarm warehouses and improving the quality of services rendered to pharmacies.
State-of-the-art investments

- We are very pleased to have concluded an agreement with a market leader that is constructively using the economic slowdown to execute new investments. This is one of the largest transactions on the industrial real estate market. This bodes well for Panattoni in terms of H2 2009, when we foresee increased interest in our structure, concentrating on tailor-made projects - commented Marek Foryński, BTS Group Managing Director at Panattoni. - The new warehouses will be equipped with the most modern solutions that are currently implemented all over the world – said Robert Piątek, Vice President of Torfarm SA. We will employ the newest generation of warehouse technologies, including the automated preparation of some of the orders and a feature that enables making supplies to other warehouses within the Group. The lease agreement with Torfarm was signed for the period of 15 years with the possibility of its extension. The construction of the Warsaw-based project is to be kicked off in Q4 2009, while the construction of the warehouse in Poznań in Q1 2010. The general contractor is to be Goldbeck Sp. z o.o. The goal is to replace Torfarm warehouses, currently operating in both cities, with new ones built by Panattoni.

Source : Panattoni