LX Pantos Acquires Large Logistics Center in Poland...Expands European Operations

Strategic Logistics Hub for European Operations
Forward Base for Korean Companies' Local Expansion and Supply Chain

LX Pantos has acquired a large logistics center in Poland in partnership with public institutions and a policy fund. The facility is expected to serve as a bridgehead to support Korean companies' local expansion and supply chain establishment.

On the 11th, LX Pantos announced that it had jointly acquired a large logistics center located in Katowice in southern Poland together with the Korea Overseas Infrastructure & Urban Development Corporation (KIND) and the PIS No. 2 Fund, a policy fund under the Ministry of Land, Infrastructure and Transport. The acquisition price is approximately 216.0 billion won, and the company has secured a stable funding structure based on financial support from the Korea Ocean Business Corporation.

Aerial view of the LX Pantos Katowice logistics center. LX Pantos

The Katowice Logistics Center acquired this time is a newly built asset with a total floor area of 109,000 square meters, consisting of five buildings, and is being developed and operated in phases. Completion of all logistics facilities is scheduled for the first half of this year, and many global and local companies have already finalized lease contracts, laying the groundwork for future operations.

Katowice is a strategic hub in the heart of the European continent, where the east-west logistics corridor linking Germany, Poland, and Ukraine intersects with the north-south transport corridor connecting Northern and Southern Europe. With the A4 and A1 highways, as well as roads, railways, and an airport organically connected, it is regarded as a key node in the European logistics network that offers optimal conditions for intermodal operations.

LX Pantos plans to use the Katowice Logistics Center to build a logistics hub in Eastern Europe and expand its logistics business, focusing on major industrial customers such as automobile parts, consumer goods, and home appliances. In addition, the company intends to utilize it as a core base to respond to growing logistics demand in Eastern Europe and neighboring regions. Leveraging its locational advantage near Ukraine, the center is expected to serve as a forward base capable of handling related logistics demand if Ukraine's reconstruction projects gain full momentum in the future.

In particular, the Silesia region, where Katowice is located, has a manufacturing cluster centered on the automotive, electronics, machinery, and chemical industries, giving it high industrial growth potential. As a result, logistics demand is expanding, and Korean companies are actively entering the region, especially in the electric vehicle, battery, and automotive parts sectors.

Lee Yongho, CEO of LX Pantos, said, "The investment in the Katowice Logistics Center is highly significant in that we have preemptively secured a key strategic base that connects the whole of Europe," adding, "We will accelerate our penetration of the European logistics market while acting as a strong partner that supports Korean companies' entry into the European market."

This content was produced with the assistance of AI translation services.