Panattoni gets €23 million of financing from PKO Bank Polski

17
Jun
2024
News - Panattoni gets €23 million of financing from PKO Bank Polski #financing #logistics #Łódź #Panattoni Europe #PKO Bank Polski #Poland #warehouse

by Property Forum | Industrial

Panattoni has been granted bank financing for Panattoni Park Zgierz. The €23.3 million loan was issued by PKO Bank Polski.


“Across the Łódź region - Poland’s logistics heartland - we have already delivered over 2.2 million sqm of industrial space, which is one of the largest regional volumes nationwide. There is still a huge need for class A warehouse space in the area so we are grateful to PKO Bank Polski for supporting another one of our developments. Due to its superb location near the country’s main communication routes, Panattoni Park Zgierz has huge potential for logistics both on a national and an international scale. Eventually, the project is to comprise almost 160,000 sqm of space suitable for various operations from warehousing and logistics to manufacturing”, says Karina Trojańska, Chief Financing & Operating Officer at Panattoni.

Panattoni Park Zgierz is a class A logistics centre, which due to its central location near the country’s most important arterial roads, guarantees good conditions for distributing goods both nationally and internationally. The location provides connections with all of Poland’s major cities being directly next to regional road nr 702 as well as just 2.5 km from the A2 motorway and 13 km from the Stryków junction where the A1 crosses the A2. The region’s potential as a key goods hub is further strengthened by the new S14 expressway. Being near both Zgierz and Łódź also provides access to skilled labour. 

The project is being developed in stages, the first of which comprising 52,900 sqm has already been completed and leased out to three tenants. Two logistics firms have occupied 21,800 sqm and 3,700 sqm respectively while 8,600 sqm has been leased by a plant distributor and grower.

The complex will undergo BREEAM certification for a rating of Excellent. A series of measures have been planned as part of the project including the reinforcement of the roofs ready for the installation of solar panels, the installation of water and energy-saving systems and the use of numerous solutions to improve the wellbeing of the user. 




Latest news


New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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