Expanding into Logistics: Marvipol Development's Diversification Strategy
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The logistics division represents an additional activity within the company’s business model. The group began its co-operation with Panattoni in 2015, which is one of the biggest logistics developers in Europe. We note that Marvipol Development’s share in the realized project’s equity is between 45% to 68% as the company is a co-owner or a co-founder (Panattoni is responsible for the construction and commercialisation of projects). Given 2Q23 numbers, Marvipol has lented a total of PLN 193.6m to the SPV’s.