Panattoni has obtained over EUR 48 million in a loan from Bank Pekao for the largest industrial park in eastern Poland – Panattoni Park Lublin II, the company announced.
Located in Niemce, Panattoni Park Lublin II is an investment with an area of 84,000 m2 in five buildings. As the largest industrial park in Eastern Poland, it will become a comprehensive business platform accelerating the development of the entire region.
“Lubelskie Voivodeship is developing dynamically, becoming the driving force of the entire Eastern Poland. Access to qualified staff, development of economic zones, as well as the international Via Carpatia route, which is being built in the region – a key transport route for the eastern part of the European Union – attract business with a diverse profile. The potential of the region is exploited by modern industrial facilities, such as Panattoni Park Lublin II, which create a platform for the development of enterprises. We are glad that the potential is noticed by financial institutions such as Pekao SA, which confirm the quality and prospects of our investments,” said Karina Trojańska, chief financing & operating officer at Panattoni, quoted in the release.
The investment is a perfect proof of the potential of the Lublin market for many industries and types of activity. As part of the park, Varroc Lighting Systems – a manufacturer of innovative outdoor lighting systems and control electronics (purchased by the Plastic Omnium Group) runs its production processes and the R&D department. In addition, nearly 17,000 m2 is occupied by Stella Pack – one of Europe’s largest distributors of non-chemical cleaning agents and hygiene products.
Panattoni is the largest logistics developer in Europe according to PropertyEU magazine’s Top Developers.