Across all asset classes: Panattoni is the largest property developer in Germany

The project developer Panattoni is impressively and successfully defying the crisis on the real estate market. As shown by the Development Monitor from the bulwiengesa analysis firm, Panattoni is once again the largest property developer in Germany across all asset classes. A key to success is the farsighted focus on in-demand logistics and industrial spaces. In contrast to all other relevant asset classes, growth was achieved in this market segment. 

“The new market study from bulwiengesa shows that we are on the right path with our strategy of future-thinking property development which recognizes demand early,” says Fred-Markus Bohne, Managing Partner at Panattoni Germany and Austria. “This is especially thanks to our 135 employees who have made our success possible with great teamwork, even under difficult boundary conditions.”

For the Development Monitor, one of the largest independent analysis firm in the German real estate industry bulwiengesa evaluated the projects of around 9400 companies with a cut-off date of 31 December 2023. All projects with more than 1,500 m² of usable space, that have been in planning since 2020 and which are slated to be completed by no later than 2027 were included. In total, these developments include 186 million m² of surface area which are distributed across 23151 projects. Of those, 11821 projects have been completed, 4775 are under construction and 6555 are in planning.

The analysis shows that the logistics and industrial projects is the only relevant asset class in the property sector that grew. The project volume increased Germany-wide by 11.7% in comparison to the previous year to around 55 million m². In the meantime, almost 30% of all new properties in Germany are allocated to this segment while other asset classes, like apartment construction, are stagnating or even regressing. Only in the less defined segment of “miscellaneous properties” was there slight growth.

In light of this development, it isn’t surprising that Panattoni is once again at the top of the rankings as a proven expert for logistics properties. In the corresponding asset class, the developer holds 4.8% of the German national volume and thus clearly cements the top position ahead of competitors like the VGP Group, Garbe Group, Fiege Group, Global Logistic Properties (GLP) and Amazon. Overall, Panattoni is currently developing around 2.64 million m² of logistics and industrial properties.

While there are often delays in the start of construction and completion of properties in other asset classes, logistics projects are rarely affected by these problems in comparison. For Panattoni as the market leader in this segment, this result is a compliment. “Our customers can rely on us setting up realistic timetables for our properties and adhering to them,” Fred-Markus Bohne summarises. “That ultimately also secures the financing for the projects.”