Panattoni with over 24 million EUR in financing from Alior Bank for another production plant

Panattoni as a trusted partner in the era of reindustrialization. The developer is building a production plant for the Fortaco Group in Knurów, near Gliwice, and the construction of the facility was financed by Alior Bank with an amount of over 24 million EUR. The cornerstone laying ceremony for the investment took place on November 21.

Fortaco is a leading European strategic partner for global customers in the heavy off-highway equipment and marine industries. Panattoni is delivering a highly specialized BTS facility for the Group, which will meet very precise requirements regarding the automation of the production process. The area of 34,660 sq m will allow for consolidation – main steel product preparation operations will be moved from various locations to one plant, which will employ 200 workers. The symbolic beginning of the construction of the new plant was the cornerstone laying ceremony, which took place on November 21 of this year. The event was attended by representatives of Fortaco - including Lars Hellberg, Fortaco Group President & CEO; local authorities – including the Mayor of Knurów Adam Rams; as well as Panattoni – including the project manager Aurelia Rachtan, Associate Development Director in the Silesia region. The event was also attended by the President of the Katowice Special Economic Zone, Dr. Janusz Michałek. The facility will be completed in Q3 2024. The project is financed by a loan exceeding 24 million EUR, granted by Alior Bank.

- „Given the trend of reindustrialization, more and more production plants are being built in Europe, and Poland can gain a lot from this thanks to its central location and attractive conditions for doing business. Upper Silesia is becoming a key location, changing from a mining area into an industrial one, and more factories in the region are only a matter of time. Financial institutions recognize the attractiveness of the market in the era of a changing economy. We appreciate the support of Alior Bank, enabling the implementation of another strategic investment for a very large player” – comments Karina Trojańska, Chief Financing & Operating Officer – Poland, Panattoni – „The Group's development strategy and market signals obtained from customers forecast further growth in demand for products offered by Fortaco – such as vehicles for warehouse operations, container transport, the timber industry, or excavators and construction vehicles. The huge potential of the new investment definitely helped in obtaining financing” – she adds.

One of the largest contracts in Q2. The size of the new Fortaco Group investment is highlighted by the fact that it was one of the three largest lease agreements on the Polish market in Q2 of this year. A key advantage of the new location is the proximity of steel suppliers. Furthermore, the short distance from the A1 and A4 motorways will allow for efficient access to the northern, southern, as well as eastern and western borders of the country.

- „Over 2.5 million sq m of industrial space delivered in Upper Silesia, as well as the resulting trust and support of financial institutions, is a huge capital that makes it easier to acquire new clients. For Polish or international companies, this is a guarantee of stability, effectiveness, and certainty of efficient project implementation. This is an advantage we gain as a market leader.” – concludes Karina Trojańska.