Panattoni obtains loan from mBank for new Tricity development

Panattoni has been awarded a loan of over €32 million from mBank to develop the first building of Panattoni Park Tricity East V. Regesta is to operate its largest logistics centre in Poland from the centre.

Pomerania is one of the fastest-growing markets in the industrial real estate sector. At the end of 2018, the total stock of modern space in the region of Pomerania came to 450,000 sqm and by the end of 2022, it totalled three times as much. This rapid development and huge potential has been seen by financial institutions including mBank, which has granted financing for the development of a 50,000 sqm building as part of the Panattoni Park Tricity East V development.

“Our new project will take advantage of the greatest benefits of the Tricity region.  It will be close to one of the largest ports on the Baltic as well as the urban area’s huge population. Gdańsk is one of a few cities in Poland where the population has grown over the last ten years and Gdynia is one of the regional administrative cities in the country with the highest populations. This is why the region attracts so many businesses, which gain the opportunity to operate internationally and for steady growth. We want to thank mBank for their trust and for laying another brick in making the Tricity even more attractive to business,” said Karina Trojańska, the Chief Financing and Operating Officer at Panattoni.

Panattoni Park Tricity East V will be close to the A1, which forms the bypass for the Tricity as well as for the Baltic Hub Deepwater Container Terminal. The development of the centre has just begun but already 36,000 sqm has been leased by Regesta, which will start operations from the centre in the first quarter of 2024. This will be the largest centre in the company’s Polish portfolio and its location will enable it to work with the port, to handle containers at the Baltic Hub and the BCT as well as to expand the range of services it offers for organising shipping by sea. The new space will come to over 35,000 sqm with block and shelf storage space as well as a picking and packing zone, an area for cross-docking, a bonded customs storage area, and modern offices for servicing, freight forwarding and a customs agency.

Panattoni Park Tricity East V will meet an extremely high standard. The development is to undergo BREEAM certification for a rating of Excellent and is to be fitted with numerous energy and water-saving solutions as well as solutions to improve the centre’s ecological impact, its biodiversity and the wellbeing of its users.