Panattoni Europe, Poland's leader in the industrial property market, completed the construction of the first European factory for Polaris Industries Inc. - an American manufacturer, whose product range includes quads. The 33,000 m² facility was built in Opole, at the Wałbrzych Special Economic Zone Invest-Park. Serial production of the vehicles will commence as early as in late August/early September. Polaris Industries Inc. was represented in the transaction by the international advisory firm Cushman & Wakefield.
Panattoni Europe has completed the construction of another production facility . This time it is the first European all-terrain vehicles factory of Polaris Industries Inc.- a US manufacturer of snowmobiles, quads, motorcycles and electric NEVs. The facility was built in Opole, at the Wałbrzych Special Economic Zone Invest-Park, and features 33,000 m². The production hall takes up as much as 25,600 m², the warehouse 3,400 m² whereas offices and staff facilities 3,981 m². Construction works on the facility started at the beginning of August 2013, and this coming late July/early August production tests will be launched, with the startup of serial production scheduled for late August/early September 2014.
"This is the manufacturer's first European factory of all-terrain vehicles which will make as many as 25 thousand quads and small all-terrain vehicles per year to be delivered to Europe, Middle East and Russia. Due to the scale of the undertaking, about 350 jobs will be created, and the number may go up in the future", said Boguslaw Dawiec, Plant Manager.
The production facility for Polaris Industries Inc. is a greenfield investment, which means that it was built in an area not previously used for industrial or service purposes. Polaris chose the location in the Wałbrzych Economic Zone Invest-Park in Opole at ul. Wspólna. In turn, Panattoni Europe, as the developer of the whole investment, was responsible for acquiring the property in a tendering procedure, putting in place the rudimentary utility infrastructure, preparing and going through the building permit application procedure, as well designing the facility taking into account Polaris' specific requirements and planned production profile.
At present, Panattoni Europe is developing 265,000 m² of new warehouse space in Poland, including two facilities for Amazon in Poznań and near Wrocław. Since the beginning of this year, the developer has delivered approx. 100,000 m² of space in projects dedicated to such companies as Castorama Polska (50,000 m²) and Polaris (33,600 m²).
Source: Panattoni
