Panattoni receives financing for Ruda Śląska asset

29
Feb
2024
News - Panattoni receives financing for Ruda Śląska asset #financing #logistics #Millennium Bank #Panattoni Europe #Poland #Ruda Śląska #Silesia #Warehouse

by Property Forum | Industrial

Panattoni has recently started construction of another hall within Panattoni Park Ruda Śląska II. Now the company has secured financing for the investment. The €9.4 million loan was provided by Millennium Bank.


“Last year, we at Panattoni received over €800 mln in bank financing for the development of our projects and we are not slowing down. We have just received a loan to construct the third building in Panattoni Park Ruda Śląska II. This is no random location in Silesia. It is a region that is particularly attractive to both tenants and investors. It saw the most leasing activity by far in 2023 as it benefits from a well-developed infrastructure and a large labour pool with high technical qualifications. Ruda Śląska itself is one of the fastest-growing cities in the region. We want to thank Millennium Bank for their trust, which is going to lead to thousands of additional square metres of modern industrial space as well as the further development and job creation that this entails”, says Karina Trojańska, Chief Financing & Operating Officer – Poland at Panattoni.

The new stage of Panattoni Park Ruda Śląska will comprise an area of 16,000 sqm that has been fully leased to Konimpex – a Polish company with a global reach involved in the sale, logistics and distribution of chemicals and industrial raw materials. The tenant is to use the building for warehousing and logistics, for which the nearby A4 and A1 motorways play a crucial role.




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