The port area of Polish Baltic city Gdansk is to receive a further injection of capital when developer 7R starts work on a major logistics and industrial development that it is planning there.
The firm has won a tender for the acquisition of a 20 ha development site which is part of the Pomeranian Logistics Centre. The project will provide 123,000 sq m of logistics and industrial space close to the Port of Gdańsk. Nearby DCT (Deep Water Container Terminal) Gdańsk is the fastest growing Polish container terminal and the only deep water terminal in the Baltic Sea region.
“We will extend our portfolio with a specialist project, adapted to shipping activities around the port and related to the maritime economy,” said Ryszard Gretkowski, vice president of 7R.
7R began developing space in the Pomerania region in 2008. The firm has completed several projects in the region including 7R Park Gdańsk I, 7R Park Tczew, as well as the last-mile logistics urban warehouse, 7R City Flex Gdańsk Airport.
Gdansk has come to prominence of late because of the growth of the port and associated logistics, and also due to the rapid expansion of the business process outsourcing and business services sectors which employ about 28,000 people in the Pomerania region’s Tricity area, which comprises Gdansk and adjacent Gdynia and Sopot.
Birthplace of Amazon’s Alexa AI voice service
Gdansk, which was the birthplace of Amazon’s Alexa AI voice service, is also one of Poland’s major university cities, a fact which Frankfurt-headquartered Corestate recognised earlier this month when it partially opened its first micro living asset in Poland in the city in a joint development with Bain Capital Credit.
The first phase of the project has released 217 beds and the first students have already moved in according to Corestate. The company’s micro living strategy focuses on student apartments in continental Europe.
“Gdansk, with its reputable universities as well as a high number of foreign students, is considered iconic for our strategy of enlarging our portfolio with sound judgement,” said then CEO of Corestate, Lars Schnidrig, since succeeded by Klaus Schmitt.
“Thus, we prepare ourselves, also as a result of the COVID-19-pandemic, for a rising number of students and their increasing demand for contemporary accommodation,” Schnidrig said at the time.
The asset will be completed by the year end, providing 409 beds across a total net lettable area of more than 6,000sq m.