In 2015 Hillwood opened an office in Warsaw. The same year it launched construction of its first development project in Ożarów, outside Warsaw. The following years were a time of dynamic increase in the space built and managed by Hillwood. By 2016 the firm was managing over 720,000 sqm of warehouse properties, focusing on projects in the regions of Warsaw and Wrocław. In the next two years the firm extended its list of logistics parks to include facilities in the regions of Łódź and Upper Silesia, increasing its space under management to nearly 1.9 million sqm. This now gives the company a share of over 10% in modern warehouse space in Poland.

“The greatest beneficiary of our investments should be clients and local communities,” said Hubert Michalak. “We translate square meters of newly delivered logistics and warehouse space into business advantages for our partners and economic benefits for the regions where we invest.”

To date the industry has most praised the facility built for Zalando in 2018 in Olsztynek. Zalando, a leader on the e-commerce market, leased the entire warehouse building of over 120,000 sqm, making it one of the largest commercial real estate lease transactions in the country in 2018. For implementing this project, Hillwood won a prestigious CEE Manufacturing & Logistics Award from CEO Manufacturing Magazineand EuropaProperty.com. The project was also named Top Investment in Eastern Poland at last year’s Eastern Economic Congress. These awards in Poland coincided with Hillwood’s 30th anniversary in the United States.

Many large projects of Hillwood are still being carried out in joint-venture partnerships. An important step in the firm’s growth was entering into cooperation with Polski Holding Nieruchomości (PHN). At the Hillwood PHNPruszków warehouse park, the developers jointly built 5 buildings with a combined area of over 58,000 sqm. The success of this project encouraged the two firms to cooperate further with the aim of building a BTS warehouse inŚwiebodzin. Other examples of joint ventures include the Zalando distribution center in central Poland, carried out with Goodman, and the logistics center built with 7R, including two warehouses in Tczew, which opened in September.

From the beginning the company has strived to conduct its business in reliance on the standards and values Hillwood is known for in the US, where projects are often realized in close cooperation with local communities. In Poland as well, the company’s projects are characterized by high-quality construction and above-standard technical specifications.

In total, over 5 years Hillwood has built over 1 million sqm of warehouse and manufacturing space in Poland and has another 2 million sqm planned for secured sites. Some of the acquired and built facilities have been sold, and yet the company currently has about 30 active logistics parks in Poland.

Hubert Michalak added: “When we began operations in Poland, there were about 3,000 km of express routes and freeways. At the end of this year there will be over 4,300 km. Thanks to the rapid growth of road infrastructure and the great decline in unemployment in Poland’s largest cities, we more often consider projects in locations less obvious than Warsaw, Łódź, Poznań, Wrocław, and Upper Silesia.”

Hillwood warehouse parksare currently underway in Kłobuck near Częstochowa and in Świebodzin, among other locations. Modern ClassA warehouses are already operating in Kutno and in Krosno Odrzańskie, and other smaller cities are included in the firm’s development plans.

5 Years in Poland Infographic

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