Panattoni Europe realizes 120,000 sqm for Jago – EuropaProperty

Logistics real estate developer and investor Panattoni Europe has been awarded a contract by Jago AG to develop the largest logistics facility in Germany. Construction work will begin this month. The logistics centre for the e-commerce company, with an area of 120,000 sqm, will be built in the Industriepark Rurtal commercial zone near Hückelhoven which offers a total area of 200,000 sqm.

Panattoni Europe is investing a sum in the high double-digit million-euro range in the construction of this facility. “This logistics centre is the lighthouse development for the Industriepark Rurtal and at the same time with its dimensions also a lighthouse project for the logistics real estate market in Germany. We have succeeded in achieving a virtually perfect combination of customer requirements and our sustainable investment criteria. For Jago, the new facility provides maximum flexibility, allowing for any modifications in logistical processes. The halls can be divided into twelve sections and thus offer optimal conditions for various secondary uses,” Fred-Markus Bohne, Managing Partner of Panattoni Europe, explained.

Due to the size of the complex, construction will take place in four stages: During the first stage, 40,000 sqm of warehousing and logistics space and 1,450 sqm for office and social areas will be developed. This stage is scheduled for handover to Jago in March 2016. The other building stages will follow consecutively and the entire project is due to be completed in August 2017.