On October 13, 2021, Panattoni announced that the Gdansk-based LPP group will occupy approximately 64,000 square meters in two Panattoni Park Tricity South II buildings.
According to Panattoni, LPP is “the largest clothing manufacturer in Central and Eastern Europe. The company, which owns the Sinsay, Cropp, Reserved, House, and Mohito brands.” It explained that the “need for the new warehousing space follows naturally from the high levels of internet sales of the owner of the Sinsay, Cropp, Reserved, House, and Mohito brands, which in the second quarter of the 2021/22 fiscal year increased by almost 30% year to year and now accounts for 22% of the group’s revenues.:
“The growing interest of our clients in e-commerce purchases and the continuing digitization of trade has led LPP to focus strongly on the development of warehouse space designed for online sales,” commented LPP Logistics Director Sebastian Soltys. “Our decision to opt for space at Panattoni Tricity South II was not accidental. Our cooperation with this developer so far and its extremely flexible approach to our needs were the main factors that prompted us to sign another contract. This is our largest leasing contract for warehouse space designed for e-commerce services. It will increase our current fulfillment center warehouse potential by more than 30%.”
“The sales of the LPP group on foreign markets already account for over 60% of our total, so it was a natural decision for us to expand our infrastructure to enable us to efficiently handle these directions,” added Panattoni Senior Leasing Manager Martyna Sochaczewska. “In recent years, Poland has become a highly competitive market in terms of international e-commerce services. This has been noticed by foreign companies; but Polish companies, such as LPP, have also been benefiting from it, and from a facility leased almost at home – in Gdansk – it can reach several European markets.”