Panattoni has secured financing for the construction of the third and final hall at Panattoni Park Warsaw West. The €10.2 million loan was granted by Erste Group Bank AG.
"The loan obtained from our Austrian banking partner, Erste Group Bank AG, will enable us to complete Panattoni Park Warsaw West – one of the key investments in the capital region. With this project, we are strengthening our presence in the strategic Warsaw market, where we have already delivered over 2.1 million sqm of logistics and industrial space. Another 112,000 sqm is under construction," says Emilia Taczewska-Trojańska, Head of Debt Finance Poland at Panattoni.
The latest hall at Panattoni Park Warsaw West is a 16,460 sqm building being developed for logistics operator XBS Logistics. The entire park will comprise over 90,000 sqm of modern industrial space and is already fully commercialised.
