Panattoni realises first project in Austria

Panattoni, the leading project developer for commercial properties in Europe is announcing the purchase of a property for the development of a technology and business park focused on the local economy in Leibnitz and Styria and will be its first project in Austria. The completion of the first lots is planned for Q4 of 2023 and the overall completion is slated for Q2 2024.

The Panattoni Park Graz Süd will be constructed on a 100,000 m² property in Hasendorf in the market community of Wagna in Southern Styria without previously arranged tenants.  Soon, 48,000 m² of usable surface area and 7,200 m² of office and social space will be available to potential users. To offer the up to 400 potential employees an attractive workplace, a kiosk, bus stop and parking spaces with natural shade and electric vehicle charging stations will be constructed outside on the premises. Panattoni places value on a high degree of third-party usability for a wide range of user groups when developing its projects and focuses particularly on sectors that have already been established in the region like automotive, high-tech, foodstuffs and pharma.

The new development will be constructed in one of the emerging economic regions in Austria along the Graz-Maribor line and is in an excellent locale not only due to its geopolitical location in the centre of Europe, in the immediate vicinity of the growth markets in Central and Eastern Europe, but also because of the direct connection to the A9 federal motorway.

In terms of sustainable and resource-saving development, Panattoni is aiming to obtain certification of the new development according to the German Sustainable Building Council (DNBG) gold standard. To this end, the project developer plans to install a photovoltaics system on the roof and plant vegetation on the roof and facade. To further meet the needs of the energy revolution, a biomass power plant will be erected on the premises as an alternative to conventional gas heating. Furthermore, Panattoni believes in promoting local value creation and will award contracts to local companies seated in Southern Styria throughout the course of the approximately 60 million euro project.

Peter Stradner, Mayor of the Market Community of Wagna, has the following to say about the project: “We are thrilled that we have found a completely reliable partner in Panattoni for the development of our commercial and business park. The cooperation with everyone involved, particularly with Jürgen Winklbauer, the Managing Director for Austria, was highly professional and very efficient. A pioneering, sustainable, energy-efficient and green technology park is being erected in our municipality and it will certainly have a powerful impact on the industrial building culture in the region. The Market Community of Wagna is happy and proud of this new project.”

Jürgen Winklbauer, Managing Director at Panattoni Austria, announces: “Styria is one of Austria’s most important economic regions and is therefore an attractive location for many companies. However, the hotspot region is also facing high demand for high-quality lots. With the development of the business park in Leibnitz, we are responding to that need and providing future users modern lots in an excellent location.”

Fred-Markus Bohne, Managing Partner at Panattoni Germany and Austria, explains: “Panattoni is planning to realise around 4 to 5 projects on the Austrian market in the next 2 to 3 years. The focus is always on quality. In particular, the relationship with the municipalities and the dialogue with the municipal decision-makers and with the residents has become more and more important in the past few years. On top of that, there is the significance of sustainability in the specified dimensions. That is why we, at Panattoni, follow the strategy of measuring the success of projects on their overall additional value for users and municipalities. This also applies, in particular, to the Austrian market. We would therefore like to thank the Market Community of Wagna and the local regional planner for the excellent collaboration that is contributing towards establishing a business park that fits into the landscape and keeps the ecological footprint as small as possible.”

The construction work for the Panattoni Park Graz Süd will start in March 2023; the first lots are slated to be completed in Q4 2023. The developer plans to complete the entire project in Q2 of 2024.

CBRE and Schlager have been commissioned for the leasing of the project.

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