Panattoni finalizes sale of manufacturing and warehouse BTS facility

The Polish industrial space market, thanks to its strategic location in the center of Europe, perfectly developed infrastructure and still relatively low saturation, remains very attractive to investors, who are also increasingly eager to acquire BTS facilities. LCN Capital Partners - a private equity investor active in North America and Europe - has already acquired another property tailor-made for a client by Panattoni. The developer has sold a BTS facility in Tczew - an advanced 30,000-square-meter manufacturing and warehousing facility crucial to the company's client's regional operations - for more than €26 million.

"We would like to thank LCN Capital Partners for its confidence in Panattoni, which has acquired another BTS project developed by Panattoni. The renewed cooperation is proof that tailor-made industrial facilities are extremely attractive assets, and interest in this segment is constantly growing. - Says Marek Forynski, BTS Managing Director at Panattoni and adds: - Technologically advanced production facilities equipped with a range of sustainable solutions have become the domain of Panattoni's BTS division in recent years, and our capabilities are appreciated by global players, confirming the quality of these developments and their huge potential.

"The realization of the facility in Tczew is an example of the efficiency and flexibility of Panattoni's BTS department. The 10,000-sqm production and warehouse facility was purchased from the client - on a sale & leaseback basis - and expanded by another 20,000 sqm. The expansion included the installation of an FM Global standard sprinkler system and the adaptation of the floor to accommodate automatic guided vehicles (AGVs). In addition, the property passed BREEAM environmental certification at the Excellent level. The complex project was completed on schedule in March this year thanks to the effective cooperation of all parties. We look forward to developing this partnership," says Ward Stocker of LCN Capital Partners.

"With the completion of a project successful on so many levels, it remains first and foremost to thank our business partners for their great trust and openness. This is an example of excellent cooperation, where each party has the same goal - to bring about a win-win situation. The project involved a number of challenges, and undoubtedly in the smooth implementation and overcoming of difficulties trust was key. Thank you and we look forward to future implementations." - says Marzena Tkaczuk, BTS Development Director at Panattoni

As part of the Tczew campus, Panattoni's client provides comprehensive product development solutions, including engineering, testing, manufacturing and integrated supply chain services across multiple market segments.