Panattoni receives financing for City Logistics Warsaw Airport IV

Panattoni has secured €17.25 million in financing from Santander Bank Polska for the development of City Logistics Warsaw Airport IV.

“City Logistics Warsaw Airport IV benefits massively from its location, being 5 km from Warsaw’s Chopin Airport while also being close to the centre of Warsaw as well as major road junctions and routes such as the S2 and the S7”, says Emilia Taczewska-Trojańska, the Head of Debt Finance Poland at Panattoni; “With the financing from Santander Bank Polska, we are going to complete the first stage of the project comprising a 10,000 sqm building, which has been leased in its entirety by a leading logistics operator.”

City Logistics Warsaw Airport IV will eventually comprise two buildings with a combined area of over 45,000 sqm. The remaining space is to be developed on a speculative basis and will take the form of Small Business Units (SBU).

Situated in the Włochy district next to Warsaw’s Southern Bypass, the park is an excellent base for last-mile logistics. Its urban location and relatively small rental modules, starting from 800 sqm, make the development appealing to companies involved in e-commerce, courier services, picking and packing, and even light production. The entire centre is set to receive an Excellent rating under the BREEAM certification.