Panattoni has started construction work on a factory for Danfoss Poland in Grodzisk Mazowiecki. The development with an area of 12,000 sqm will be equipped with several ecologically friendly systems that will make the building highly energy-efficient and also improve the conditions for the workforce of around 400 people. The building is scheduled to be completed in November 2021. It will be used as a place to manufacture components for the RAC (Refrigeration & Air Conditioning) business division.

The COVID-19 pandemic caused chaos across the global economy. Within the commercial real estate market, logistics has weathered this storm better than other sectors, allowing planning of new developments to gradually resume following price corrections. Changes in financing conditions for real estate development may alter the new supply structure, with a likely increase in demand for BTO (build to own) and BTS (build to suit) development projects and a decline in speculative schemes, according to advisory firm Axi Immo.

Panattoni Europe has embarked on the construction of a factory commissioned by Skamol A/S – a Danish manufacturer of insulation solutions for industry and construction. The BTS facility featuring approx. 6,000 square metres will be delivered in the BTO formula in Opole, at the special economic zone WSSE Invest Park. The contract was mediated by Colliers International, and the completion of works to be implemented by Panattoni Europe is anticipated in April 2017.