Industrial real estate developer Panattoni has reported that it obtained 29 bank loans for development projects in Poland worth a combined sum of more than €800 mln in 2023.
'This demonstrates the confidence financial institutions have in our operations and also confirms the solid fundamentals of the industrial real estate market in Poland,' said Karina Trojanska, chief financing & operating officer at Panattoni.
'Our developments are attractive to both Polish and international banks and warehousing projects remain some of the most attractive of investment assets for financiers,' Trojanska added.
Last year, the developer won loans from twelve banks, namely Aareal Bank, Alior Bank, Bank Gospodarstwa Krajowego, Bank Pekao, Berlin Hyp, BNP Paribas Bank Polska, Credit Agricole, Erste Bank, mBank, Millennium Bank, PKO Bank Polski and Santander Bank Polska.
The projects financed with bank loans include a development for the H&M Group in Panattoni Park Poznan A2, industrial parks such as Panattoni Park Bytom, Panattoni Park Lublin II, Panattoni Park Lublin IV in Swidnik, Panattoni Park Nadarzyn II, Panattoni Park Ruda Slaska V, Panattoni Park Sosnowiec III, and Panattoni Park Tricity East V near the Port of Gdansk.
Projects also included BTS developments such as the Action distribution centre in Zakroczym, the Fortaco production plant in Knurów and the Poczta Polska logistics centre in Radzymin.
Panattoni said that financial sector was increasingly influenced by the requirements defined by the European Union legal framework and European Green Deal, with the goal of cutting emissions to zero by 2050.
The firm said that the risks relating to sustainable development and in particular the risks of climate change have become the main issue of interest to the EU institutions, such as the European Commission (EC), the European Banking Authority (EBA), the European Securities and Markets (ESMA) and the European Central Bank (ECB).
Trojanska added: 'Projects have been promoted that stand out due to their high level of energy efficiency, their use of renewable energy sources and their innovative environmentally-friendly solutions.
'Under current standards, those awarded green loans are encouraged to apply advanced technology to reduce CO2 emissions, manage waste and apply for environmental construction certificates such as BREEAM with a rating of Excellent.
'Panattoni fulfils these requirements and is also committed to the criteria of the EU taxonomy. As the most active developer in the world, the company plays an indisputable role in making the sector the top ranked preference of the banks that finance real estate in the CEE region.'