News Article financing logistics Panattoni Europe PKO Bank Polski Poland warehouse
by Property Forum | Industrial

Panattoni has been granted €67 million to construct a building as part of Panattoni Park Poznań A2. The development is to be handed over in October this year with the entire area of 82,000 sqm to be leased by a giant from the clothing industry.

At the beginning of the year, Panattoni purchased almost 35 ha in Wielkopolska, 7 km from the junction of the A2 motorway and the S11 expressway and the development of one of the largest projects in the region began. Panattoni Park Poznań A2 is to comprise an area of 150,000 sqm in two buildings. Financing for the larger building was provided by PKO Bank Polski, which has provided a construction and investment loan worth €67 million.

”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” says Karina Trojańska, Chief Financing & Operating Officer at Panattoni.

“The project in Poznań 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,” says Agata Gola, the Commercial Real Estate Financing Director in the Real Estate Construction and Financing Department at PKO Bank Polski.

The 82,000 sqm building has been fully leased by a global giant from the clothing industry. As part of the project, around 3,000 people are to be employed. The building is to be constructed without the use of PCV and is to be environmentally certified under BREEAM for a rating of ‘Excellent’. Among other things, the developer is to prepare a solar power installation with a 700 MWp capacity, a BMS system, intelligent lighting and a rainwater recovery system. Furthermore, workers will be able to use electric vehicle charging stations, cycling facilities, a gym as well as an outdoor terrace, a basketball court a boules lawn and a centralised drinking water installation in the offices.