Panattoni launches 80,000m spec projects in Germany

Despite the coronavirus crisis, the company is ploughing ahead with an aggressive expansion strategy, according to Fred-Markus Bohne, managing partner at Panattoni.

‘We are staying on our growth course, even in these difficult times, and are well positioned to do so,’ said Bohne. ‘Furthermore, we are convinced that there will be continued demand for commercial and logistics premises in strategic locations.’

In the Lower Saxon town of Verden an der Aller, a 117,971 m2 plot is to become the site of a logistics facility with two halls. The first hall will offer 30,769 m2 of logistics space, 1,224 m2 of office space and 2,650 m2 of mezzanine space.

The second hall will be slightly smaller, comprising 28,861 m2 of logistics space, 906 m2 of office space and 1,823 m2 of mezzanine space. It will be possible to divide the two buildings into seven independent units; the site will also include a total of 168 car parking spaces and 28 lorry parking spaces.

The premises will be developed in accordance with the guidelines of the DGNB Gold Standard and are set to be completed in March 2021. Broker firms IMMO-LOG and CBRE have been hired  to market the premises.

Construction also began this month on a spec basis on a logistics park in Essen, North Rhine-Westphalia. The brownfield site measuring 43,220 m2 will offer 20,334 m2 of logistics space, 1,215 m2 of office space and 1,575 m2 of mezzanine space. The premises can be divided into two smaller sections and one large section and will offer 195 car parking spaces and 12 lorry parking spaces.

Realogis has been commissioned with marketing the properties.

‘The fact that we have been able to press ahead with these projects unimpeded by the Covid-19 pandemic is proof of our highly flexible and dynamic position, which allows us to continue to operate effectively and in accordance with governmental requirements,’ added Fred-Markus Bohne.