News Article Alior Bank financing logistics Lublin Panattoni Europe Poland warehouse
by Property Forum | Industrial

Panattoni launched the construction of Panattoni Park Lublin IV in March. Eventually, the centre will comprise almost 55,000 sqm. The main support for the development is €32.8 million of financing from Alior Bank.

Panattoni has already delivered around 200,000 sqm in and around Lublin. The developer’s activities in the region have been noted by financial institutions. Alior Bank has granted €32.8 million in financing for the development in Świdnik of Panattoni Park Lublin IV, which is to comprise almost 55,000 sqm in two buildings. Three tenants have already been found for the complex including high-tech production companies.

“With another project in the Lubelski region, companies from many different sectors will be able to develop in this location as they see the potential of a growing market. Panattoni Park Lublin IV will allow production companies to create a superb platform and adapt the space to the requirements of their operations. We are extremely pleased with Alior Bank’s support, which proves that our investment in an emerging market has hit the bullseye and that financial institutions want to take part in the development of locations that are not so saturated. We are convinced that our activity contributes to the development of the region and will attract more foreign businesses,” says Karina Trojańska, the Chief Financing & Operating Officer at Panattoni.

Panattoni Park Lublin IV is to be constructed within the Special Economic Zone in Świdnik and will cater for the full range of operations including warehousing, logistics, production and e-commerce. The complex will comprise 55,000 sqm in two buildings, which will already have been completed before the end of the year. The park’s potential has already been proven with three firms having leased space before the launch of construction, which include high-tech production companies. Panattoni is to prepare the space that has been leased for the intricate production processes of these companies. The developer is also to employ a range of sustainability solutions including preparing the roofs for the installation of solar panelling.