Panattoni has sold a manufacturing and warehouse BTS facility in Tczew near Gdańsk to LCN Capital Partners for over €26 million.
The Polish industrial space market, thanks to its strategic location in the centre of Europe, well-developed infrastructure, and still relatively low saturation, remains very attractive for investors who are increasingly interested in BTS facilities. LCN Capital Partners, a private equity investor active in North America and Europe, has acquired another tailor-made property by Panattoni. The developer sold the BTS facility in Tczew - an advanced production and warehouse facility with an area of 30,000 sqm, crucial for the regional operations of the company's client - for over €26 milion.
"We thank LCN Capital Partners for their trust and partnership in acquiring another BTS project carried out by Panattoni. The repeated cooperation is proof that tailor-made industrial facilities are extremely attractive assets, and interest in this segment is constantly growing," says Marek Foryński, BTS Managing Director at Panattoni, adding that "technologically advanced and equipped with sustainable solutions, production facilities have become the domain of Panattoni's BTS department in recent years, and their capabilities are appreciated by global players, confirming the quality and enormous potential of these projects".
“The implementation of the facility in Tczew is an example of the efficiency and flexibility of Panattoni's BTS department. The production and warehouse facility with an area of 10,000 sqm was purchased from client on a sale & leaseback basis and expanded by 20,000 sqm. As part of the expansion, a FM Global sprinkler system was installed and the floors were adapted for automatic guided vehicles (AGV). In addition, the property also underwent BREEAM environmental certification (BREEAM Excellent). The complex project was completed on schedule in March thanks to the effective cooperation of all parties involved. We’re looking forward to build on this partnership.” says Ward Stocker from LCN Capital Partners.
"After completing the project successfully on so many levels, we primarily want to thank our partners for their immense trust and openness. It is an example of excellent cooperation, where both parties share the same goal – to achieve a win-win situation. The project involved numerous challenges, and our partners' trust was undoubtedly key to overcoming difficulties and ensuring a smooth implementation. We thank them and look forward to further projects," says Marzena Tkaczuk, BTS Development Director at Panattoni.
Sign up today for the latest news