Panattoni Park Łódź West II gets €25 million in financing from mBank

Panattoni has been awarded financing to develop Panattoni Park Łódź West II – one of the biggest industrial projects in the western part of Łódź. MBank has granted a loan of €25 million.

When it comes to the volume of industrial space, the Łódź area is one of the top three regions in the country and at the end of the third quarter this year it also ranked among the top three for the highest developer activity in Poland with every seventh square metre being allotted to the region.

“In 2021, Łódź came top of the Business-Friendly Perception Index and was recognised to be the most business-friendly city of more than 200,000 people in Central and Eastern Europe ahead of 99 competing towns. The urban area continues to prove attractive for many industries that make use of modern warehousing, logistics and manufacturing space,” says Karina Trojańska, Chief Financing & Operating Officer, Poland at Panattoni. “Not long ago we launched construction work on Panattoni Park Łódź West II, one of the biggest projects in the western part of Łódź. Now, we have been awarded €25 million in financing for the first stage of the development. We wish to thank mBank for placing their trust in us and we are pleased that our projects can further business growth in this rapidly developing region.”

The construction of the first building has already begun. The current stage will comprise 51,000 sqm, of which 32,000 sqm is occupied by Rohlig Suus, a Polish logistics operator with an international reach. The new centre will enable Rohlig Suus to triple its operational capacity in the region as well as allow the company to expand the range of services it offers. Eventually, the park is to comprise two buildings with a combined area of over 84,000 sqm.

The first building is to be handed over in the third quarter of 2024.