Panattoni granted EUR 64 mln in financing by BGK for developments in Grudziądz and Radzymin with a combined area of over 75,000 sqm

Panattoni, the world’s most active developer of industrial real estate, has been granted a EUR 64 mln loan by Bank Gospodarstwa Krajowego for yet more landmark projects. The financing is to be used to develop a strategic complex for Poczta Polska in Radzymin as well as two buildings within Panattoni Park Grudziądz.

Over the last few years, Panattoni has consistently supported the development of more markets in the Kujawsko-Pomeranian region. This is where the company has delivered almost half a million sqm through the development of parks in towns and cities such as  Toruń and Bydgoszcz as well as BTS centres in Brześć Kujawski and Grudziądz, where construction was launched last year on Panattoni Park Grudziądz – the first industrial complex in this area. The development of two buildings with areas of 8,500 sqm and 25,000 sqm are to be financed with the loan from BGK.

BGK is also financing a BTS project for Poczta Polska in Radzymin. The Warsaw-area development will comprise two buildings with a combined area of over 43,000 sqm and is to play a key role in the development of Poczta Polska’s Logistics Architecture Network strategy. Being equipped with the latest sorting machines for automatically processing parcels, the complex will help improve and optimise the organisation’s package handling. 

“The differences between our projects in Grudziądz and Radzymin demonstrate the diversity and range of our operations at Panattoni. We are an excellent development partner for those operating in the so-called Big Five mature markets, while we also create new business platforms in underserved markets and thus promote their growth. The diversification of our operations across Poland is recognised by financial institutions so they are keen to support us in more of our developments. We wish to thank BGK for their constructive partnership and look forward to working with them on further joint projects” - says Karina Trojańska, the Chief Financing & Operating Officer at Panattoni.

Panattoni Park Grudziądz is situated in the district of Dragacz next to the Nowe Marzy interchange where National Road 91 meets the A1 motorway, which runs from the northern coast to the southern border of the country. The centre of Gdańsk can be reached in just over an hour from the location, as well at its international airport and one of the largest ports on the Baltic sea. Moreover it takes under 90 minutes to drive to Bydgoszcz and its airport, which serves the administrative centre of Kujawy.

The BTS project under development for Poczta Polska in Radzymin comprises a cross dock warehouse with an area of over 12,000 sqm and a warehouse and operations building with an area of over 26,000 sqm. Additionally, the centre is to include support areas and technical facilities. The functionality of the centre planned by Poczta Polska is to be further enhanced by 400 parking spaces just next to the operations building as well as by the entrance to the complex. The development is to be completed in the fourth quarter of this year.