Panattoni has secured over 48 million euros in financing for the largest industrial park in Eastern Poland

Panattoni, the world's most active industrial real estate developer, is carrying out key investments for the development of emerging markets and enjoys unwavering support from financial institutions. The developer has secured financing for Panattoni Park Lublin II - a comprehensive business platform - with an area of approx. 84,000 sq m. The loan of over 48 million euros - including VAT -  was provided by Bank Pekao SA.

Located in Niemce, Panattoni Park Lublin II is an investment with an area of 84,000 sq m across five buildings. As the largest industrial park in Eastern Poland, it will become a comprehensive business platform accelerating the development of the entire region.

- The Lublin Voivodeship is developing dynamically, becoming the driving force of all of Eastern Poland. Access to qualified staff, the development of economic zones, as well as the international Via Carpatia route being built in the region - a key transport route for the eastern part of the European Union – attract businesses with a diverse profile. The region's potential is being harnessed by modern industrial facilities – such as Panattoni Park Lublin II, which create a platform for business development. We are pleased that the potential is recognized by financial institutions, such as Pekao SA, which confirm the quality and prospects of our investments – says Karina Trojańska, Chief Financing & Operating Officer at Panattoni.

The investment is excellent proof of the potential of the Lublin market for many industries and types of activity. Within the park, among others, Varroc Lighting Systems – a manufacturer of innovative exterior lighting systems and control electronics (acquired by the Plastic Omnium Group) – conducts its production processes and R&D department. In addition, nearly 17,000 sq m is occupied by Stella Pack - one of Europe's largest distributors of non-chemical cleaning agents and hygiene products. The importance of the project for the region was appreciated by Bank Pekao SA, which provided financing of over 48 million euros.

- When providing financing for the implementation of logistics real estate, we assess its potential and look to the future. We have the ambition that the projects we support will constitute the strength of the region and the market not only at the time of opening, but also in 10 or 20 years. This is exactly the vision that Panattoni presents to us with its Lublin development, which has already become a business platform attracting leading domestic and foreign companies to the region – says Dieter Lobnig, Head of Investment Banking and Real Estate Financing Department at Bank Pekao.

Panattoni Park Lublin II is located in the Niemce municipality, 8 km from the Lublin bypass and near the S19 expressway and the north-south route under construction – Via Carpatia. It is to run along the entire eastern border of the European Union, simultaneously connecting regions of Eastern Poland that are distant from each other in terms of transport, such as Białystok and Rzeszów. The nearest junction of this road is being built just 500 m from the park.