European logistics property developer Panattoni has been granted a €57 mln financing from Bank Pekao for the development of Panattoni Park Nadarzyn II, one of the largest business and industrial parks in the Warsaw region.
The development of Panattoni Park Nadarzyn II began last year and the entire project is to comprise two buildings with over 90,000 m2. One building has already been handed over for use.
‘Around Warsaw, we have delivered almost 2 mln m2 of industrial space, while maintaining a minimal vacancy rate and attracting dozens of different industries. We are glad that Bank Pekao sees us as a trusted partner and has once again decided to work with Panattoni,’ said Karina Trojanska, the Chief Financing & Operating Officer at Panattoni.
One of the tenants of the Nadarzyn park is an international logistics operator that has leased 25,800 m2. The development is targeting a Breeam ‘Excellent’ rating.
Also this week, Panattoni announced the purchase of an area in Könnern, Saxony-Anhalt, Germany. In the Salzlandkreis, the company plans to develop a site with four modern, pioneering commercial lots characterised by a high degree of flexibility and third-party usability. At 159,000 m2 of surface area, the project represents one of the largest developments in the region.
