LCP Properties with another building permit for SBU warehouses

CP Properties, one of the leading investors and developers in the Polish retail park market and expanding operations in the small warehouse unit (SBU) sector under the Multipark brand, has received another building permit for a project of this type, this time in Gdansk. Multipark Gdansk in the first phase is more than 5,400 sq. m. GLA with eighteen modules. The project is scheduled to open in Q4 2024.

Multipark Gdansk will be built in the western part of the city, on Szczęśliwa Street, next to the interchange with the S6 expressway. The first phase of the project will include two buildings with a total of eighteen modules and a GLA of 5,400 sqm. Upon completion of the first phase, LCP also plans to develop the second phase. The new SBU under the Multipark brand is scheduled to open in the fourth quarter of 2024.

"In the first weeks of the year, we are maintaining the high pace of activity from the end of 2023-as in just one month we received construction permits for two separate Multiparks, first in Sosnowiec and now in Gdansk. Thus, we are entering the construction site on two ends of Poland almost simultaneously," commented Magdalena Kowalewska, COO, LCP Properties in Poland. "The events of recent months at LCP perfectly illustrate what we so often talk about - we are firmly focused on growth, and we are looking optimistically at the year 2024, which has already begun, through the prism of great opportunities for our further development," she added.

Premises in SBU warehouses, available together with modern office space, are most often used for exhibition space, last-mile logistics, warehouse space, service space, an online store or a retail pick-up point.

An interesting aspect of the ongoing project in Gdansk is that, as a result of its successful cooperation with the Gdansk City Hall, LCP has decided to make a portion of its land in Gdansk available for the realization of an important city investment, a pedestrian and bicycle route, which will provide a direct connection between the footbridge over the Tri-City Ring Road and the key PKM Gdańsk Kielpinek station. What's more, LCP will co-finance this investment, allocating PLN 500,000 for this purpose.

This undertaking is aimed at improving pedestrian and bicycle infrastructure in the region, as well as facilitating, as well as encouraging residents to use ecological means of transportation.