European property developer Panattoni has secured a €67 mln construction and investment loan from PKO Bank Polski for a logistics park in Poland.
Due for completion in October this year, the Panattoni Park Poznan A2 will comprise an area of 150,000 m2 in two buildings.
The first, totalling 82,000 m2, has been fully leased to a clothing industry giant for its e-commerce activities.
Built without the use of PCV, and featuring a solar power installation, a BMS system, smart lighting and a rainwater recovery system, the asset will seek BREEAM ‘Excellent’ certification.
Amenities will include electric vehicle charging stations, cycling facilities, gym, outdoor terrace, basketball court, boules lawn and a centralised drinking water installation in the offices.
Karina Trojanska, CFO at Panattoni, said: ‘Panattoni has once again demonstrated that it enjoys great confidence from financial institutions. The banks can see the rising potential of the warehouse space market, the fastest growing segment of the real estate industry. The wide range of sustainable solutions to be employed in the centre is also of great importance as it will determine its longevity.’
Agata Gola, commercial real estate financing director in the real estate construction and financing department at PKO Bank Polski, added: ‘The project in Poznan is another Panattoni development that is to be financed by PKO Bank Polski S.A. We appreciate the company’s experience, and professionalism as well as the scale of its operations and we are pleased with the further development of our collaborative partnership. This development combines a very good location with the highest ESG standards, which are to be attested to by BREEAM certification, thus making it a perfect fit for our green project financing strategy.’
The Panattoni Park Poznan A2 is located in Wielkopolska, 7 km from the junction of the A2 motorway and the S11 expressway.
