Monday, 24 November 2014
Goodman has signed a lease agreement for a 13,000 sqm warehouse space to logistics operator KMC Services at the Kraków Airport Logistics Centre (KALC). The transaction will allow KMC Services to increase its operating capacity and consolidate operations in one location. This deal is the largest lease transaction in the bourgeoning Kraków logistics property market in the last years.
KMC Services is a Kraków based logistics operator providing logistics and supply chain management solutions for customers in Poland and around the world. Since 2002, KMC Services has operated out of a few logistics properties in the Kraków region, one being at a 3,500 sqm facility at KALC. As the company has experienced strong growth since the signing of their lease, KMC Services needed a larger facility in a single location.
“To order to improve the efficiency of our operations and increase our operational scale, we needed a prime warehouse facility large enough to consolidate our already existing warehouses under one roof,” explained Rafał Łagosz, Logistics Director at KMC Services. “Such facility was provided to us by a dynamically developing Kraków Airport Logistics Centre. We appreciated the flexibility of Goodman that enables us to pursue their goals of steady and continual growth.”
KMC Services’ new lease covers 12,787 sqm of warehouse and 212 sqm of office space. The company will lease space in a new 22,000 sqm speculative build by Goodman – a fifth warehouse at KALC. Development will be completed in two phases. The first phase of the development, which will be full leased by KMC, will be ready by the end of the year. KMC will lease part of the second phase, which is scheduled to be complete at the turn of Q1 and Q2 2015.
“KMC Services’ decision to increase lease space and consolidate operations at the Kraków Airport Logistics Centre is a testament to its strategic location and effective management,” said Błażej Ciesielczak, Goodman Regional Director Central and Eastern Europe. “With the signing of this lease agreement, our speculative development at the logistics centre will be 60% occupied.”
Colliers International advisied on the transaction. “The transaction with KMC Services is the largest lease agreement in the Kraków warehouse market in the last years. Goodman’s Kraków Airport Logistics Centre is one of the most strategic and prime warehousing developments in the region, demonstrated by its strong growth in a relatively short amount of time,” said Maciej Chmielewski, Partner at Colliers International, Industrial and Logistics Agency Director.
Kraków Airport Logistics Centre
The Kraków Aiport Logistics Centre is one of Goodman’s largest logistics centres in Poland. Construction of the first warehouse began in 2010 and since then Goodman has added four warehouses, comprising 55,230 sqm or a third of the total lettable area, with the fifth currently under development. All warehouses, most of which were built on a speculative basis, were fully leased before construction was completed.
The Kraków Airport Logistics Centre is owned by the Goodman European Logistics Fund (GELF) and managed by the Goodman Group. It has a target lease area of over 150,000 sqm and on completion will comprise nine warehouses with additional office space, staff and technical areas. It is an exceptional location for flexible warehouse solutions.
In line with Goodman’s commitment to sustainability, 25% of the Kraków Airport Logistics Centre has been landscaped and over 1,000 trees have been planted around the perimeter.
When fully operational, it is expected that up to 1,000 people will be employed by customers, making it the largest logistics centre in Małopolska province. Other customers currently leasing space at the Kraków Airport Logistics Centre include, Bonito.pl, DS Smith, Farutex, Logfarma, Royal Canin, Schenker and Valeo Autosystemy.
The Kraków Airport Logistics Centre is located in Modliniczka near Kraków, just four kilometers from Kraków-Balice International Airport and is in close proximity to the A4 expressway, linking Kraków and Wrocław.
To watch an interview with Błażej Ciesielczak, Regional Director, Goodman Central and Eastern Europe, and learn more about the Polish warehouse market click here.
For further information please contact:
Communications Manager CE
+ 48 22 826 74 18
/ + 48 500 202 354
Goodman is an integrated property group that owns, develops and manages logistics and business space across Continental Europe, the United Kingdom, the Asia-Pacific region, North America and Brazil. The Group invests in industrial estates and warehouse and distribution centres.
Goodman also offers a range of listed and unlisted property funds, including its flagship European fund Goodman European Logistics Fund (GELF), giving investors access to a range of specialist services and property assets. Goodman works continually to build value in logistics property and fund management, with innovative new developments, and business and investment offerings.
With total assets under management of €19.2 billion and 432 properties under management, Goodman is the largest industrial listed property group on the Australian Securities Exchange, and one of the largest listed specialist fund managers globally. Its market insight and dedicated local teams create sound investment opportunities and develop properties and environments that meet each client’s individual requirements.
With more than 1,000 staff in 16 countries and 32 offices, Goodman has the global reach to meet customers’ needs as their businesses expand or evolve. In Europe, Goodman is present in Germany, the Netherlands, Belgium, Luxembourg, France, Spain, Italy, Poland, Czech Republic, Hungary, Slovakia, Sweden and the UK.