Panattoni, a global leader in industrial & logistics real estate development, debuts in Asia with its first operations in India
Indian headquarters established in Bengaluru, the capital and largest city in the southwest state of Karnataka, led by Sandeep Chanda - Managing Director India, Panattoni. Primary focus of growth is on the top eight Indian cities in the next few years; followed by expansion into tier-2 markets in the second phase of expansion. With a dynamic and flexible ‘open-book’ development model and a well-diversified global institutional investor capital partner base, Panattoni India aims to launch 2-3 projects by end-2023 involving an initial investment of $200 million (€193 million).
Panattoni Develops its First Logistics Project in Hungary to Tap Surging Last-Mile Demand around Budapest
Panattoni, Europe’s largest deployer of institutional capital and developer in the industrial and logistics real estate sector, has started construction of its first speculative logistics development in Hungary - a 17,300 sqm last-mile logistics warehouse in Törökbálint, about 12 kilometres from Budapest city centre. The launch of Panattoni Park Budapest City West follows the company’s market debut in Hungary at end-2021 with the acquisition of two land sites totalling 100,000 sqm near the capital.
Panattoni to invest more than 450 million euros in Spain and Portugal by 2022
The developer currently has 13 projects underway on the Iberian Peninsula, with more than 428,000 sqm of GLA in total, to be delivered between 2022 and 2023.
React News Q&A with Robert Dobrzycki
Robert Dobrzycki, CEO & co-owner of Panattoni Europe and India, on why the firm is debuting in Asia
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