Panattoni in equity partnership with DH Capital completes EUR 18 million project
Panattoni, market leader in industrial real estate in Europe, in a joint venture with DH Capital, finalised the development of Panattoni Appliance Park worth EUR 18 million. The 30,000-square-metre park was delivered at Europe’s largest logistics complex – Central European Logistics Hub.
Panattoni and DH Capital, working in a joint venture, completed the construction of Panattoni Appliance Park, worth EUR 18 million. The 30,000-square-metre park is part of Panattoni’s Central European Logistics Hub and is dedicated exclusively to serve Europe’s largest dishwasher factory belonging to BSH Sprzęt Gospodarstwa Domowego sp. z o.o. (58,500 sqm), which was also delivered by the developer. To date, 90% of the space at Panattoni Appliance Park has been taken up by manufacturers and subcontractors providing components for the appliances made by the manufacturing plant, whose transport operations will be greatly facilitated by the direct road connection with the BSH factory. The park can also serve as an example of a business cluster, a business environment bringing together collaborating tenants in a geographically concentrated area.
DH Capital is a private investor in the commercial property market, which also invests in industrial facilities dedicated to light manufacturing and supply chain a broad sense – from BTS projects, through business parks, to urban logistics. DH Capital’s investment activity encompasses private equity projects, property acquisition through joint investment and joint ownership strategies and asset management.
Panattoni Central European Logistics Hub is being delivered by Panattoni as Europe’s largest logistics complex with a planned space of 600,000 sqm. The site is located at ul. Jędrzejowska in Łódź, right next to the A1 – the only Polish motorway running north-south. The hub is just 30 km away from the Łódź Północ junction, where the A1 and A2 motorways intersect. At present, the construction of the Central European Logistics Hub nears the halfway mark. To date, 370,000 sqm have been completed and a further 40,000 sqm are under development. Businesses which have already decided to come to the Hub to grow include BSH Sprzęt Gospodarstwa Domowego, Media Expert and SMYK. The Hub drives the development of the New Industrial District of Łódź, with a prospect of 7,000 new jobs.