Panattoni Europe POLAND PANATTONI EUROPE IN POLAND PROJECT PORTFOLIO PRESS ROOM CONTACT July 21, 2017, 9:35 a.m. Panattoni Europe – BTO formula for GLS Poland - 7,600 sqm courier parcels distribution center near Warsaw, Poland Panattoni Europe, leader of the industrial property market in Poland, launched the courier parcel distribution center project for GLS Poland. This cross-dock facility will cover approx. 7,600 sqm and is being developed in the BTS and BTO formula in Janki near Warsaw. Execution of the project officially commenced on 20 July and the actual project start-up is scheduled for February 2018. GLS Poland, one of the leading courier service providers in the Polish and European markets, hired Panattoni Europe to develop an advanced courier parcel distribution center. This tailored facility is being developed as the company's property of approximately 7,600 square meters. The loading building, composed of two loading fingers, will occupy 6,600 sqm and will be fitted with approx. 160 courier gates (including 40 two-function entrances for the purposes of the sorting plant) as well as 16 unloading gates fitted with the internal utilities necessary for quick sorting. Office space will occupy approx. 1000 sq.m on two floors. Nearly 20k sq.m vehicle circulation areas, roads and parking spaces are designed on the project site, with possible future enlargement options. The entire project will be located on a land plot sized over 5.7 hectares in Janki near Warsaw at Zdrojowa Street. Development of the center has commenced in July and commissioning will take place in February 2018. Continuous growth. As emphasized by Tomasz Kroll, Region Manager GLS Poland: ‘To ensure rapid growth of our company, we continuously invest in our network. Our decision to set up a new location in this region is the next step of our expansion strategy. During the recent years, the volume of parcels has been increasing regularly, and a project with such a large volume and at such a level of technological advancement answers our customers’ needs. The new branch will certainly contribute to the improvement of our logistic and courier handling processes at the ‘last mile’ stage.’ Double-function branch. The facility being developed by Panattoni Europe for GLS Poland is an advanced cross-dock with two functions - primary (to be managed by courier services) and secondary (night-time hub). At the time of commencement of business activities, the project will handle approx. 80 thousand parcels daily. This is the first GLS Poland facility executed by this real estate development company. Below are the comments of Marek Dobrzycki, Managing Director at Panattoni Europe: It is a great honor for us, irrespective of our numerous developments for the global leaders of the transport and logistics services markets. Obviously, we can be proud of our outstanding knowledge of this area and of our ability to select optimized solutions, in terms of location, equipment, character and additional services of the facility. However, this transaction is more than a verification of our service quality, our flexibility and partnership-oriented approach.’ Good connections. The center will have a perfect location, in Janki near Warsaw, in the immediate vicinity of Puchały interchange at S2 expressway, Wrocław direction, S7 expressway, and 3km away from the A2 ring, classified as a motorway. With this location, the company will have optimized conditions for its distribution activities in the territory of Poland; in addition to the perfect connection to expressways, it will have rapid access to the city center and to the exits towards the northern or eastern part of the region. GLS Poland and GLS Group GLS Poland is a subsidiary of General Logistics Systems B.V. (with its registered seat in Amsterdam, the Netherlands). GLS is a provider of reliable, high quality courier, logistics and express delivery services for over 240,000 clients. ‘The Quality Leader in European shipping logistics’ is the primary operating principle for GLS, and one of its primary values is sustainable development. The Group, acting through its own companies and partners, has developed a network that covers 41 European countries and 7 United States. Moreover, through its partnership agreements, GLS also has certain global connections. The GLS infrastructure covers 70 central and regional sorting plants and more than 1,000 branches, making GLS one of the leading logistics operators in Europe. The company has 17,000 employees, and approx. 26,000 GLS vehicles set out to deliver parcels every day. During the financial year 2016/17, GLS earned 2.5 billion € and handled 508 million parcels. 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