Panattoni has delivered yet another project in the Małopolska region, completing construction on Panattoni Park Krakow East IV. The development is now to be financed with a €10.5m loan granted by Bank Gospodarstwa Krajowego. The 18,100m2 centre has been fully leased out to OMEGA Pilzno.
“Our developments are highly regarded by financial institutions, which is clearly proven by the approval of yet another significant loan, this time for the development of Panattoni Park Krakow East IV. The centre has been built in the town of Niepolomice, which is one of the most attractive locations for industrial real estate in Malopolska, and it is now already fully commercialised. We want to thank Bank Gospodarstwa Krajowego for their confidence in us and for their partnership approach to working with us,” said Karina Trojanska, Chief Financing & Operating Officer at Panattoni.
“The industrial real estate market in Krakow has its own specifics with limited land available and a low saturation level and as a result, the region has one of the lowest vacancy levels in the country. However, it also has huge potential due primarily to its human capital with the second-largest population in the country as well as thriving universities and colleges. Panattoni continues to develop its portfolio in the region to meet the demand,” explained Karina Trojanska.
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