Panattoni sells three industrial parks for 100 million euros
Panattoni has finalized another major transaction. The experienced global real estate company, with a strong presence on the Polish market, has acquired three fully commercialized industrial parks in excellent locations for 100 million euros – a total of 135,000 sqm in the Silesian, Poznań, and Łódź regions.
The developer sold three parks to the investor: Panattoni Park Żory with an area of 37,600 sqm, Panattoni Park Poznań XIII with an area of 42,000 sqm, and Panattoni Park Łódź A1, occupying 56,000 sqm.
- „Such a significant transaction, carried out by an investor specialized in the industry, indicates strong fundamentals of the industrial market, which make it an attractive target constantly appreciated by international institutional capital. Poland is one of the most important logistics and industrial hubs, located in the center of Europe. It is characterized by dynamic growth in rents and employment due to both local and global factors” – comments Michał Stanisławski, Head of Asset Disposition at Panattoni.
The purchased parks are fully leased, and the space is used by, among others, international players from the logistics, FMCG, electronics, and DIY industries. Each of the facilities has undergone BREEAM certification at a very high level, providing tenants with a range of solutions in the field of energy and water efficiency or employee wellbeing.
Maintaining a winning streak. This is another important transaction on the scale of the Polish and European market. In the first half of 2023, Panattoni was responsible for two of the three largest transactions on the domestic industrial real estate market. The sale of Wrocław Campus with an area of 160,000 sqm was the largest real estate transaction in Poland across all sectors, as well as the largest on the industrial real estate market in the entire CEE region. The very high ecological standard of Panattoni facilities, confirmed by BREEAM certifications, their excellent location, and the degree of commercialization attract further investors.
– „In a changing investment landscape, influenced by, among other things, inflation, rising interest rates, or rising construction costs, strong demand trends persist, thanks to which the industrial real estate segment is the dark horse of the entire industry. This is primarily due to the developing phenomena of nearshoring and reshoring, as well as the further development of e-commerce. Warehouse, logistics, and industrial facilities are becoming critical infrastructure. They are being built closer to the recipient to best secure supply chains, and Poland is an excellent location, which is why long-term investors appreciate the potential of our developments” – comments Robert Dobrzycki, Panattoni CEO & Co-Owner Europe, UK and India.
Nationwide portfolio
Panattoni Park Żory is located halfway between Ostrava in the Czech Republic and Katowice, providing efficient access to the A1 and A4 motorways and the S1 expressway. Furthermore, the location provides access to a very large population of the voivodeship and the Silesian agglomeration itself.
Panattoni Park Poznań XIII is located just a 15-minute drive from the international airport, which handled over 2.25 million passengers in 2022. Furthermore, access to the A2 motorway allows for an efficient connection with Warsaw and Berlin.
Panattoni Park Łódź A1 is located in the vicinity of the A1 motorway connecting the northern and southern borders of Poland. Furthermore, 30 minutes away from the investment, there is a railway terminal handling connections with, among others, China.
