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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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • 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.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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