News Article Bank Gospodarstwa Krajowego financing midocean Panattoni Europe Poland Ruda Śląska
by Property Forum | Industrial

Panattoni has been granted €16.5 million in financing from Bank Gospodarstwa Krajowego (BGK) for the development of its Panattoni Park Ruda Śląska IV project. Construction work was launched in March on 34,000 sqm of  warehousing space. A major tenant has also already been acquired with midocean leasing 21,000 sqm.

“Panattoni Park Ruda Śląska IV is a building in the very centre of the Silesian urban area, the region where we are most active and where investors and tenants show unwavering interest. We are proud that Bank Gospodarstwa Krajowego has seen the potential of our new project in Ruda Śląska. The €16.5 million loan will allow us to quickly develop modern warehousing space that meets the highest standards of sustainable development”, comments Karina Trojańska, the Chief Financing & Operating Officer at Panattoni.

The new centre is to be ready in October this year. It is to be environmentally certified under BREEAM for a rating of Excellent and the installation of solar panelling as well as other energy saving solutions will allow for its primary energy usage to be significantly reduced. The investment site has already been revitalised and the local ecosystem is to be strengthened with the planting of trees and bushes. As part of the development, Panattoni is also to modernise the local road system to improve its safety and increase traffic flow.

Panattoni Park Ruda Śląska IV with its location in the centre of the Silesian urban area near the A1 and A4 motorways is ideal for effective national deliveries with the park being well connected to cities such as Wrocław, Kraków, Łódź, Toruń and Gdańsk. Furthermore, both of these motorways provide access to Poland’s borders with the Czech Republic to the South, Germany to the Northwest and Ukraine to the East, giving the location huge international potential.