Panattoni, Europe’s largest developer and deployer of institutional capital in industrial and logistics real estate, has laid the foundation stone to start the construction of a 75,000 sqm GLA(gross lettable area) speculative project within its Panattoni Park Porto Valongo. A two-building Logistics Park of 27,000 and 47,000 sqm, located in Valongo, Porto. The logistics park represents a total estimated investment of € 50 million euros, is the company's first in the Portuguese market.
The buildings will occupy a 150,000-sqm plot of land and completion is expected to be ready on May 2024. The logistics park will offer flexible features and will be able to accommodate customised logistics or cross-docking platforms in smaller units from 13,200 sqm. The warehouses will have more than 130 loading bays and will have a minimum clear height of 11.50 metres to optimise storage capacity, ESFR K25 sprinklers, a 35-metre truck manoeuvring area and an estimated 6 tonnes of floor loading per square metre, as well as a total office area of 1,500 sqm.
The park has direct access to the A41 (Porto's ring road) and is located 2 km from the A4 (linking Porto's metropolitan area with the Spanish border), which offers a direct connection to the centre of Porto, which is only 25 minutes away. 'Panattoni Park Porto Valongo' offers its future tenants a strategic location for all types of companies that require proximity to the city, good connections for last mile services or connections to the rest of the peninsula.
In line with Panattoni's sustainability strategy 'Go Earthwise with Panattoni', the project will be BREEAM 'Very Good' certified, ensuring the well-being of future tenants of the buildings, generating savings in operating costs, and minimising the impact on the environment. In addition, the logistics park will be equipped with 100 kW solar panels, smart LED lighting, a car park for 600 vehicles and charging points for EVs and bicycles.
´Panattoni Park Porto Valongo', will provide customers with the opportunity to access the most modern, efficient and environmentally friendly logistics facilities available in the Portuguese market. In addition, we will offer highly competitive rental rates, ensuring that our comprehensive solutions are affordable for the industrial and logistics sector in Northern Portugal
We are very pleased to lay the foundation stone of our first project in Portugal. We have made the largest investment in the sector in the north of Portugal, demonstrating our short and long-term commitment to the country. This is the first of many more to come Gustavo Cardozo, Panattoni's Managing Director for Spain and Portugal