Norton Rose Fulbright advises Panattoni Europe on the construction of the first logistics hub for Hermes Fulfilment
Global | Press release - Business | May 2022
Global law firm Norton Rose Fulbright has advised Panattoni Europe on the construction of the first Polish logistics centre for Hermes Fulfilment. The investment is being built in Iłowa in Western Poland. The 150,000 sqm project will be Hermes’ second-largest hub in Europe.
The Warsaw team negotiated the development management contract based on which Panattoni is developing the logistic hub and is continuing to provide legal advisory regarding the construction process.
The facility will be used for the order picking operations of the eCommerce companies of the Otto Group and for value-added services.
Panattoni Europe, one of the key clients of Norton Rose Fulbright in Poland, is an industrial property market leader in Europe and an industrial space developer whose goal is to support local business by providing multi-functional build-to-suit warehouse facilities.
Otto group has been operating in the retail sector for over 70 years and is now present in over 30 countries. Its logistics division is Hermes Group, which includes Hermes Fulfilment.
The transaction was led by partner Magdalena Zienkiewicz, who was supported by Warsaw’s real estate and construction team.
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