News Article Bank Pekao financing logistics Panattoni Europe Poland warehouse Warsaw
by Property Forum | Industrial

Panattoni is building another strategic development for the Warsaw market. The developer has been granted €57 million in financing from Bank Pekao SA for the development of Panattoni Park Nadarzyn II, which is to become one of the largest business and industrial platforms in the region.

The development of Panattoni Park Nadarzyn II began last year and the entire project is to comprise two buildings with over 90,000 sqm. One building has already been handed over for use. The development of the entire complex has been given the support of Bank Pekao SA through the granting of €57 million in financing.

“The financing of another Panattoni development by Bank Pekao SA attests to the huge potential of not only this project but of the entire Warsaw market, which in 2022 had the highest demand for warehouse space in Poland. The growing need for space over the last few years is an argument for financial institutions that it is worthwhile to support such projects right here in the region of the capital. Around Warsaw, we have delivered almost 2 million sqm 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,” says Karina Trojańska, the Chief Financing & Operating Officer at Panattoni. “Panattoni Park Nadarzyn is a key project for the further development of the region featuring large spaces that can be adapted to different types of activities,” she adds.

One of the tenants of Nadarzyn Park is an international logistics operator that has leased 25,800 sqm. The company makes use of special courier docks and a loading bay area for electric vehicles. Additionally, Panattoni has improved the fire safety for the space due to the susceptibility of the goods being handled. The development is to be certified under BREEAM for a rating of ‘Excellent’.