Panattoni has secured financing from BNP Paribas. The €40 million loan will support the development of Panattoni Park Sosnowiec IV. The investment will comprise nearly 63,000 sqm across two buildings, with over half of the space already leased to a big retail chain.
“Securing financing from BNP Paribas is an important step in developing our latest investment in the Silesian region. Panattoni Park Sosnowiec IV already has a strategic tenant - one of the leading retail chains, operating a logistics hub at the site. This is further proof that our projects meet market needs and the high standards of financial institutions”, says Emilia Taczewska-Trojańska, Head of Debt Finance Poland at Panattoni.
The first phase of the project, comprising 33,600 sqm, was completed in February and is already in use by the tenant. The facility features modern technologies, including a photovoltaic installation and cooling infrastructure - a 2,000 sqm freezer and an 8,000 sqm cold store.
The second phase will include the remaining part of the larger building (over 48,000 sqm in total) and a second facility (14,000 sqm). The park will be BREEAM certified at the Excellent level.
“Securing financing for the Sosnowiec investment highlights its importance for the market, as well as the attractiveness of the location. Our cooperation with our banking partner – BNP Paribas – allows us to carry out further strategic investments, delivering facilities that meet the highest sustainable development standards”, adds Emilia Taczewska-Trojańska.
Panattoni Park Sosnowiec IV is located near national road No. 94 and 3 km from the S1 expressway, providing transport access to domestic and international markets. Convenient connections and proximity to public transport are also expected to enhance its appeal to employees.
