Panattoni Europe and its European investment partners decided to strengthen their presence in the segment of logistics assets and will deploy additional capital primarily in Germany. Even if there's no upper limit to the capital that could be allocated for Germany, the partners expect the first tranche of €200 mln to be invested within the next 12 months.
Artur Mokrzycki, Head of Capital Markets Europe at Panattoni emphasizes: "The development of e-commerce, modernisation and growing integration of supply chain processes between Central Europe and Germany are boosting market dynamics in this part of the continent, and Panattoni's long-term presence in this region opens development prospects for the future. We see there is a wide spectrum of opportunities for us ranging from core to value added strategies on build-to-suit and multi-tenant parks either via green or brown field developments.”
Germany is a key European logistics market, where Panattoni has already developed 6 projects, mainly build-to-suit facilities, totalling altogether 140,000 m² of warehouse space. Currently a distribution centre is under development for BLG in Bremen. Construction works are also about to be kicked off on two new projects near Hamburg and Frankfurt.
Panattoni is the world's leading developer of commercial real estate with 18,500,000 m², of which 2,500,000 m² was delivered in Germany, Poland, France and the Czech Republic. Panattoni is present in practically every market segment, from small logistics/industrial facilities amounting to less than 5,000 m² through to distribution centres featuring in excess of 100,000 m², such as e.g. Amazon, or logistics parks. Panattoni Europe has 1,700,000 m² of space under management.
Source: Panattoni Europe