Panattoni starts on new speculative development in Italy

Panattoni starts on new speculative development in Italy

Panattoni has launched the speculative development of a 90,000m² logistics park in Scarmagno near Turin, after acquiring a 241,000m² site. This marks Panattoni’s second project in Italy after the company opened its country office in Milan in February and committed to a 15,000m² Grade A logistics development project in Ospedaletto Lodigiano, 30 minutes from Milan’s city centre

 

Jean-Luc Saporito, Managing Director of Panattoni Italy, said: “Panattoni Park Turin North will be located in Italy’s economic heartland with excellent connections to Turin airport and its container terminal, both just 30 minutes away, as well as France and Switzerland. Italy’s e-commerce penetration is not as advanced as other European countries, and we’ve seen growing demand for modern logistics facilities with high environmental standards. Turin is therefore well-placed to serve the surrounding region, which is one of the most prosperous in Europe and is home to more than 14 million consumers. We are confident our new park will attract a lot of interest from players active in Italy’s rapidly expanding logistics services industry.

 

Panattoni’s new park in Turin will comprise a single-story warehouse building totalling just under 90,000m² with a clear net height of up to 12 metres, LED lighting, a solar rooftop, leisure facilities for employees including a canteen, sports and recreation area, and 3,700 sqm of single-storey office space. The complex is targeting LEED Gold or BREEAM Very Good Certification and will offer ample parking space for trucks and cars. Construction of the new development is scheduled to start in September 2023. Upon completion in 2024, the complex is expected to generate up to 300 new jobs for Turin and the surrounding region. 

 

Located adjacent to the A5 tollgate near the A4 motorway, Panattoni Park Turin North is only 20 minutes away from Turin by car and an hour from Milan while Genoa, Lyon and Zurich are all within a two- to four-hour drive. Turin Interporto is Europe’s second-largest dry port for high-tech products, with 200 operators handling three million tonnes of goods per annum. A dry port is an intermodal terminal directly connected to a seaport with high-capacity modes of transport including rail. 

 

Jean-Luc Saporito added: “Italy’s logistics real estate market is clearly underdeveloped compared to other countries in Europe and we continue to scour the market for new sites and development opportunities.” 

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