Panattoni has received its second loan in quick succession from Alior Bank. This time, the developer was granted financing of almost EUR 6.5 mln to build a BTS project for Air Spiralo, European manufacturer of ventilation systems.
According to the latest reports, manufacturing currently accounts for almost a third of completed industrial space in the country. This phenomenon is largely due to Panattoni, the leading developer in Poland and Europe as it continues to expand its portfolio of BTS factories. Last month, the developer launched the construction of a 9,500 sqm manufacturing and warehousing plant in Szamotuły for Air Spiralo and now it has been granted financing to complete this building from Alior Bank with a loan of almost EUR 6.5 mln.
“By awarding us two large loans in a short space of time for the construction of manufacturing plants, Alior Bank has demonstrated the enormous trust it holds in Panattoni to develop BTS projects. This is the natural result of us having built up our position over the years through the development of almost 4 mln sqm of BTS and BTO space. Our enormous experience makes us a secure partner for dozens of industries and financial institutions value the trust that industry gives to Panattoni BTS. We wish to thank Alior Bank for their trust and we are counting on successfully partnering with them again,” comments Karina Trojańska, the Chief Financing & Operating Officer at Panattoni.
Spiralo is to use the new development for manufacturing, logistics and warehousing and the bespoke centre will allow them to further expand their production in the future. As a result of the new space to be delivered by Panattoni BTS in Szamotuły, the company is to consolidate the manufacturing and logistics operations of three separate locations. The building is to be handed over to the client in May/June 2024.
“The choice of Szamotuły for such an important Air Spiralo development, once again demonstrates the huge attraction of Western Poland to international operations. This part of the country is increasingly being used as a hub by European and global companies that work to high standards and choose BTS developments characterised by flexibility and adaptability. The development of this sector is also undoubtedly being driven by Europe’s re-industrialisation with production facilities being moved closer to the final customer,” adds Karina Trojańska.
The centre to be constructed for Air Spiralo will be equipped with numerous sustainability solutions. The facility will receive BREEAM certification at the Excellent level, and Panattoni will reinforce the roof for photovoltaic installation and cooling equipment. Moreover it is to be built on post-industrial land in following with the principles of the closed circular economy.The developer will also provide high-standard office space, with additional glazing, and employees will have access to cycling infrastructure and car-sharing parking spaces.
Financial institutions value the high ecological standards and versatility of Panattoni BTS, which has delivered over 100 bespoke industrial buildings in Central and Eastern Europe. Lately the company has completed centres that include a development in Żary for the Vita Group – an international producer of polyurethane foam and a service and manufacturing plant for Knorr-Bremse – a leading producer of braking systems for trains, trams and commercial vehicles. Earlier this year, the developer handed over a distribution centre to the Action chain of stores as well as the Monroe European Engineering Centre.
