Panattoni Europe, a leading European developer in the industrial property market, announces a new contract with Uponor, a producer of plumbing and indoor climate systems. The client will lease 16,800 sqm in a newly developed, customized building. The contract was mediated by JLL.
The dedicated project for Uponor will be delivered on a 5.55 ha greenfield plot, consisting of 15,512 sqm of warehouse space and 1,234 sqm of office and mezzanine space. The site is located in Hassfurt, Germany next to Uponor's existing facilities and headquarters, in vicinity of the motorway A70 in northern Bavaria. There is the possibility of up to 5,000 sqm of future warehouse expansion. The investment volume is around eleven million euros.
With over 60 years of experience in the development and production of plastic pipes, components and systems for residential and commercial building markets, Uponor managed to become a leader in providing technologically advanced plumbing and indoor climate systems.
"We are confident that with Panattoni we have chosen a developer that is able to support us in a professional way in upgrading our logistics in Central Europe and improving our delivery performance, says Heiko Folgmann, Executive Vice President for Sales & Marketing in Europe, Uponor. An additional aspect to look forward to is the integration of advanced Uponor technologies to the building.
"We are very pleased to expand our relationship with Uponor and accommodate their growing business" said Sönke Kewitz, Managing Partner at Panattoni Europe in Germany - "This project represents our first build-to-suit development near Hassfurt. We are committed to developing Class-A distribution facilities and are currently working hard to meet the immediate distribution needs of customers in a variety of markets across the country."
Panattoni Europe has developed in total over 160,000 sqm of space in Germany in such locations as Bremen, Bodenheim, Lorsch, Alzenau and Schwäbisch Gmünd for such clients as Geodis, Lakner Spedition, Lear, trans-o-flex and Rudolph Logistik. At the moment Panattoni is developing a logistics 30,000-square-meter facility for BLG in Bremen.
Panattoni Europe is currently developing more than 400,000 sqm in Germany, Poland and the Czech Republic, including two facilities for Amazon totalling altogether over 200,000 sqm of space. Since 2005, that is from the onset of Panattoni's presence in Europe, the developer has built more than 2.5 million sqm of modern industrial space.
Uponor offers plumbing and indoor climate systems for the residential and commercial building sectors. Uponor operates its business through three segments: Building Solutions- Europe, Building Solutions - North America and Uponor Infra. Uponor is also a prominent supplier of infrastructure pipe systems and technology in Northern Europe and North America. Uponor is present in key European and North American markets and sells and exports its offerings in over 100 countries.