Panattoni, the world's most active industrial real estate developer, has secured €26m in financing from mBank for its latest logistics complex in the Małopolska region of Poland.
The funding will support development of Panattoni Park Kraków East V, a modern 39,000 m² facility being constructed on a 10-hectare site in Zakrzów, with work having commenced in October 2024. This latest investment comes as the Małopolska warehouse market recently surpassed the milestone of 1 million m² of total space, with Panattoni responsible for approximately one-third of the region's industrial property supply.
The project will pursue BREEAM Excellent certification and feature flexible modular spaces designed to accommodate various operations from standard logistics to light manufacturing. Global automotive parts supplier Highway Automotive has already committed to 8,000 m² within the development, with operations scheduled to begin in May 2025, supplying parts for trucks, buses, and construction and agricultural machinery to worldwide markets.
Emilia Taczewska-Trojańska, Head of Debt Finance Poland at Panattoni, commented: "We have delivered about one-third of the total supply to Kraków's industrial property market. This region is particularly challenging due to the limited availability of land. It also has one of the lowest vacancy rates in Poland, demonstrating significant tenant interest in modern warehouse spaces. Securing financing from mBank for Panattoni Park Kraków East, our latest investment in Małopolska, confirms the financial market's confidence in our projects and the stability of Poland's logistics real estate sector."
The transaction highlights continued investor confidence in Poland's logistics market despite broader economic uncertainties, with Kraków emerging as a particularly resilient submarket characterised by limited land availability and consistently low vacancy rates, driving premium values for institutional-grade logistics assets.
- Emilia Taczewska-Trojańska, Head of Debt Finance Poland, Panattoni
- Panattoni - Global industrial real estate developer
- mBank - Financial institution providing project financing
- Highway Automotive - Tenant occupying 8,000 m² in the development
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