Panattoni obtained a EUR 27.5 million loan from Berlin Hyp to finance the Action distribution center in Zakroczym, the company announced. The facility implemented in the BTS (build-to-suit) formula will allow for servicing 160 chain stores and employing approx. 300 people.
“The distribution center in Zakroczym is the thirteenth Action facility of this type in Europe and the third in Poland. Two of the domestic investments were successfully completed by Panattoni. The financing obtained from the Berlin Hyp bank testifies to the trust of financial institutions in our projects for the extremely developing segment of non-food discount stores,” said Karina Trojańska, chief financing & operating officer at Panattoni, quoted in the release.
The BTS investment was built in Zakroczym and covered 53,000 m2 of space. The facility will accommodate up to 47,000 pallets, and the volumes will allow it to supply 160 Action stores throughout Poland, including a significant expansion of operations in the Warsaw region. The full range of non-food products will be stored in the new distribution centre. The company will also benefit from a modern office segment with an area of nearly 3,000 m2.
Panattoni is the largest logistics developer in Europe according to PropertyEU magazine’s Top Developers.