Industrial property specialist Panattoni has opened an office in Paris and has appointed Salvi Cals managing director for the French market.
The company’s European arm now includes offices in Germany, UK, Netherlands, Poland, Spain, Hungary, Czech Republic, Slovakia and now France, which it describes as ‘a dynamic and strategic market for investors and one where the end-customer demand is high’
Pointing out that in the first half of 2021, take-up of French logistics property reached 1.7 million sq m, chief executive officer Robert Dobrzycki said: “France represents an essential market for our customers…it is the gateway to many of the European countries in which we are already present as well as markets that we wish to expand into.”
“As in other European countries, the global pandemic has had little or no impact on warehouse demand,” he added.
Cals has 15 years’ experience in commercial real estate in France, including more than 10 years at Prologis, where he oversaw its investment services team in Southern Europe from 2010 to 2014. He then joined the capital deployment team in charge of the Paris and Le Havre markets until 2020, when he became head of capital deployment for France.