Panattoni enters the Hungarian market with 2 large projects

Panattoni, Europe’s largest industrial developer, is entering a new market. The company has announced the opening of an office in Hungary, headed by László Kemenes. 

Panattoni’s expansion continues. The developer is already present in the US, Canada and the largest warehouse and industrial markets in Europe as Germany, the UK, Netherlands, Czech Republic, Poland and Spain. And now, in May 2021, the developer has announced the opening of its first office in Hungary and has already two projects secured in the Budapest market.

“Our clients are companies that operate on many European markets. We want to give them the best possible conditions for functioning in each of these markets, providing them with the highest class warehouse and production space,” explains Robert Dobrzycki, the CEO of Panattoni. As he goes on to add, one of the main reasons for this latest expansion is the strength and potential of the Hungarian market: “As with other countries of the region, the global pandemic has had little impact on the Hungarian real estate warehouse and industrial sector. The country is also set to benefit from new trends that were strongly evident last year, including the growth of e-commerce. It could also benefit from the fact that many Asian companies are looking for alternative locations for warehouses and production plants, since many automotive companies are now located in the country. In addition to that, Chinese finance is being used for the construction and modernisation of a high-speed railway between Budapest and Belgrade, which will connect the Balkans with a special transport route to the now Chinese-owned Piraeus seaport in Athens. Thus, Hungary is becoming an increasingly important bridgehead for the Chinese in Europe and a gateway into Western countries. Upon the completion of this project, the country will be in strong position to be able to compete with major logistics hubs across Europe.”

The Hungarian branch of Panattoni is to be headed by László Kemenes. He will be responsible for the development of speculative and big-box projects in Hungary, from the site acquisition and investment preparation, through to the commercialisation of the projects and their transfer to their eventual tenants.

László Kemenes has over 20 years of experience in developing, advising, leasing and selling real estate in the region. Over the last thirteen years (2006–2019), he held the position of country manager at Prologis in Hungary and also managed its Romanian office for several years. He was responsible for all the business and development activities of the company in both countries, including the identification of investment opportunities, new projects and client acquisition, along with overseeing its project and property management activities as well as the finance and legal departments. During his time at the company, he delivered almost 300,000 sqm of space to the Budapest market and was managing 700,000 sqm of assets.

Prior to this, he was employed for four years as a senior real estate advisor at CB Richard Ellis, where he was head of the industrial department and his duties involved leasing, sale and valuation of commercial and industrial real estate. László obtained a BA in business studies from the International Business School in Budapest and has been a member of the RICS (Royal Institution of Chartered Surveyors) since 2011. He is fluent in English and also speaks a little German.

Budapest is continuing to grow rapidly. The city and its surrounding area, where one fifth of the entire Hungarian population lives, are the country’s main logistics and distribution market. This has undergone significant growth, with record high demand together and an insufficient supply of modern space to meet it. At the end of the third quarter of last year, the industrial stock in this region amounted to 2.35 million sqm, with no new warehouse buildings delivered in Q3 2020. Total demand reached 176,900 sqm – a fall of 30%, but higher than in the same period of the previous year. The total demand over the January-September period also hit a record high in comparison to previous years, reaching 460,000 sqm. At the end of October, approximately 183,000 sqm was under construction.

Fully automated warehouse for ViaPharma at Panattoni Park Prague Airport II Green Solutions:

BREEAM Outstanding at Panattoni Park Cheb, Czech Republic for Real Digital Green Solutions:

Fitting largest solar roof in the UK for M&S at EMDC​

Panattoni’s team developed the 900,000 sq ft solar array at the Marks & Spencer’s distribution centre in Derbyshire, making this the biggest in Europe at the time of installation. The array will generate over 5,000MWh of electricity per year and reduce the building’s carbon footprint by 48,000 tonnes over 20 years. The array provides almost 25% of the energy the distribution centre needs, making it nearly self-sufficient during daytime operations.

The Marks & Spencer distribution centre also has a solar wall that allows the building to passively regulate its own internal temperature, and the enabling work included 92,000 tonnes of concrete broken out and recycled on site.

These measures earned the building a carbon neutral certificate and BREEAM ‘Excellent’ accreditation.

Delivery of Energy Park in Kettering, UK

The extension to the existing Burton Wold Wind Farm involved the installation of nine GE 1.6MW turbines, the most efficient available when commissioned, to create a new 14.4MW wind farm at the site.

The wind farm saves an average of 12,831 tonnes of CO2 each year. In its remaining 15 years of life it is expected to save another 201,000 tonnes of CO2.

As part of this project, leading members of the team also designed a prototype for local energy generation that linked renewable energy technologies, local businesses and the local community in a virtuous circle of production and consumption.

Melissa Berry

Finance Assistant

Melissa works within the Finance and Accounts department at Panattoni in the UK. Her responsibilities range from facilitating payments for the development projects in the UK, assisting with accounting activities of all invoice reports and expenses from the UK teams. Prior to joining Panattoni, Melissa achieved a First Class BA Honours from Queen Mary University of London in History as well as a Masters in Law.

Faye Burrows

London Business Support

Faye works within Panattoni’s London Business Support team, where her role revolves around a robust administrative skill set. She ensures consistent organisation within the London office and team. Faye’s great attention to detail, contributes to the smooth operation of day-to-day activities, maintaining a well-ordered and efficient work environment. As well as this she consistently manages corporate schedules and coordinating essential tasks for all areas of the Panattoni team.

Jordan Madden-Nadeau

Financial Accountant

Jordan serves as a Financial Accountant for Panattoni. He is responsible for the accounting operations within the UK and for its projects, with a particular emphasis on ensuring tax compliance and facilitating with the audit process. A qualified member of the Association of Chartered Certified Accountants (ACCA), he brings over five years of experience in the property industry to his role. 

Grace Dignum

London Business Support

Grace works within Panattoni’s London Business Support team and plays a pivotal role in ensuring the company’s seamless operations.
Working closely with the team, she contributes to the efficient functioning of the London office while offering administrative support to various members of the business. Grace also works alongside the marketing team, where her specific function involves assisting in various UK events and marketing initiatives. 

Lydia Room

Marketing Associate

Lydia works within the marketing team as a Marketing Associate. Lydia is responsible for assisting the formulation of both corporate and scheme related material for Panattoni in the UK, alongside working with Francesca on the implementation of new marketing strategies. Lydia has a first class degree in Marketing & Communications along with a strong background expertise and practice in graphic design.

Harriet Wing

Marketing & Events Manager

Harriet is the Marketing and Events Manager at Panattoni, she is responsible for co-ordinating all events at Panattoni UK. Harriet’s impeccable organisation skills are integral to making all Panattoni events as seamless as possible. Harriet works very closely with the marketing team overseeing the consistency of Panattoni’s core values and brand positioning and that they are upheld throughout Panattoni’s messaging.

Francesca Linnitt

Head of UK Marketing

Francesca is Head of Marketing for Panattoni in the UK and is responsible for developing the corporate profile and executing marketing strategies for all the UK projects. Francesca’s role includes managing the external communications for Panattoni and bringing new and innovative marketing ideas to fruition. Francesca works closely with the Panattoni European marketing team to ensure a seamless brand across Europe and has brought many new ideas into the business.

Josh Butler

Senior Project Manager

Josh is an experienced project manager at Panattoni with over 15 years’ experience in the industry, he has delivered large scale speculative and build to suit projects across the whole of the UK. Josh has been heavily involved in large site remediation schemes over the course of his career and is from an engineering background. Josh has an extensive knowledge and expertise’s of onsite delivery.

Stephen Vickers

Commercial Delivery Director

Stephen manages the commercial delivery of our developments on a national basis and works within the project management team to deliver the high complex construction projects. He has spent more than 30 years in the industrial and logistics sectors, delivering a wide range of developments in the UK and Europe. He also has a vast knowledge of delivering sustainably accredited facilities, working with BREEAM, ESG, Net Zero and GRESB frameworks.

Owen Follett

Project Delivery Director

Owen has an impressive track record in the delivery of large scale build-to-suit projects with a particular emphasis on the delivery of industrial facilities for global automotive, aerospace and e-commerce occupiers. He has been responsible for the development of over 20m sq ft of new build industrial space in the UK and internationally. Projects include new automotive plants, aerospace manufacturing facilities, research and development centres and multi-modal logistics developments. Owen now works with the development team on a national basis in the delivery of highly complex construction and infrastructure projects.

Mark Powell

Project Delivery Director

Mark is a highly experienced delivery Director with over 20 years-experience in the industry, he has delivered both speculative and build-to-suit projects for a broad cross section of clients, ranging from aviation to manufacturing. Mark is capable of quickly assessing projects and implementing strategies to ensure all aspects of the scheme are delivered to exacting standards. A Fellow of The Chartered Institute of Building, Mark can deliver the most complex and challenging schemes.

Peter Carter-Wall

Construction Director

Peter is in charge of the on-site delivery and quality control of all construction projects at Panattoni. Peter has over 20 years experience in the project management sector and now specialises in the delivery of large-scale industrial buildings, site infrastructure & remediation. Peter has worked with the management team for over 10 years and is highly regarded in the market, with a reputation for his meticulous and diligent approach to construction management.

Simon Willgress

Project Delivery Director

Simon is an experienced member of the Panattoni project management team, and has extensive client side experience in the logistics sector, having spent 13 years working within leading FTSE 100 companies. Simon is responsible for all the technical due diligence and implementation of the development programme on his projects and brings highly valuable experience of automated warehouse developments. Simon is particularly interested in low carbon design development.

Ian Anderson

Head of Project Management

Ian is a highly regarded and experienced Head of Project Management, with responsibility for procuring Panattoni’s land acquisition, build-to-suit and speculative build programme. Ian combines his practical and commercial approach, with a keen eye for detail, ensuring that all projects are delivered to the highest standard. Ian has particular expertise in the negotiation and contract tender for large scale industrial buildings, with a background in structural engineering. In the last 18 years, Ian has gained considerable experience and market knowledge in the industry.

Tanya Thewlis

Capital Markets Business Manager

Tanya is responsible for providing operational support to the Capital Markets team in the UK. Tanya assists with the formulation of capital and financing solutions and helps to maintain investor relationships. Tanya has 20 years in operational support which offers a wide skill set that allows her to assist the capital markets team in smooth operations and client management.

Tom Watkins

UK Capital Markets

Tom is an integral part of the UK Capital Markets team and works closely with Nick Cripps, providing financial assistance and analysis. At Panattoni Tom’s role includes the preparation of financial appraisals for acquisitions, preparing investment documents for Panattoni’s capital partners and consolidating Investment Committee Reports for Panattoni’s internal approval process. Tom is a member of the Royal Institute of Chartered Surveyors (MRICS).

Oliver Winchcombe

Head of Portfolio Management and ESG

Oliver manages the property and asset management of the UK portfolio, working closely with the project management and finance teams. He is an experienced property manager, having spent many years with specialist property management consultancy firms, and working on behalf of large institutional funds. He is also a member of the Royal Institution of Chartered Surveyors (MRICS).

Indy Gill

Financial Controller

Indy is the Financial Controller for Panattoni in the UK. He is responsible for the accounting activities of Panattoni and its development projects in the UK, with a focus on consulting with external auditors and tax advisors. Indy is a member of the Association of Chartered Certified Accountants (ACCA) with many years of experience in the property industry.

Scott Meakin

Development Surveyor
North West & Yorkshire

Scott is a development surveyor in the North West and Yorkshire development team. Scott has over 5 years’ experience in commercial property. He started his career in real estate consultancy where he qualified as a Chartered Surveyor. More recently, Scott has been involved in the delivery of large-scale industrial & logistics developments across the UK. Scott’s focus will be to support with the acquisition of new sites and help deliver new projects.

Ethan Greene

Development Manager
Southern England & London

Ethan is a Development Manager at Panattoni and works in the Southern England & London development team, helping to expand the business in the region. Ethan’s primary focus is to support with the acquisition of new sites and help to deliver new build development projects. Prior to Panattoni, Ethan studied Business and Economics at Trinity College Dublin, Ireland, where he graduated with a First Class Honours degree.

Alex Mitchell

Development Manager
South East & London

Alex’s role at Panattoni is to deliver new build development projects and assist in the leasing of existing speculative development. Alex is focused on London and the South East region, and works closely with Anthony Watkins in supporting the national team to expand the business. Prior to Panattoni, Alex worked for Lambert Smith Hampton as a Chartered Surveyor advising a number of blue-chip occupiers on their nationwide acquisition and build-to-suit programme.

David McGougan

Development Director
South East

David has over 17 years’ experience in customer-centric, high-quality industrial and logistics development. David is responsible for the growth of both speculative and build-to-suit developments in the South East. David has a vast knowledge of the market and has a track record of delivering over £270 million of build-to-suit and speculative developments.

Gregg Titley

Head of Development
East and West Midlands

Gregg heads the development growth strategy in the East and West Midlands region. Gregg has more than 25 years’ experience in delivering projects for blue-chip customers on both speculative and build-to-suit basis. Gregg has specialised in large-scale delivery of bespoke and sustainable development facilities.

Andrew Preston

Head of Development
North Midlands & Yorkshire

Andrew has over 15 years experience in the industrial real estate market. Andrew’s role at Panattoni is to accelerate the land acquisition programme for speculative development across the wider Midlands and Yorkshire region. Andrew has a broad breadth of experience in the commercial property sector, with a detailed knowledge of the leasing and development process and is currently responsible for some of the UK’s largest speculative development projects.

Daniel Burn

Head of Development
North West & Yorkshire

Dan leads Panattoni’s Northern office, based in Central Manchester. Dan is responsible for accelerating the company’s land purchase, build-to-suit and spec build programme across both the North West and Yorkshire Region. With 20 years transactional experience, Dan is well recognised within the market, having been involved in many of the UK’s pre-eminent industrial & logistics schemes. Since working in the sector, Dan has gained a reputation for his approachable, pragmatic and customer focused approach to business.

James Watson

Head of Development
Southern England & London

James has 15 years experience in the property market and is responsible for expanding the business in the South East region. James’s role at Panattoni is to originate and deliver both large scale speculative and build-to-suit projects. In the last three years, James has delivered over £350 million of new build projects, including some of the largest logistics build-to-suit projects in the market.

Tony Watkins

Head of Development
South East & London

Tony is responsible for expanding the company’s land and speculative build platform in the South East. Tony specialises in the execution and delivery of major industrial schemes. Tony is highly accomplished in a variety of surveying sectors, with over 25 years experience. Prior to joining the Team, Tony has held senior positions in the clean-tech and waste management industry, having previously been CEO for a bio-fuels and waste-to-energy and renewable energy business.

Nick Cripps

Head of UK Capital Markets
Director Capital Markets Europe

Nick is responsible for heading up the Capital Markets team in the UK, with responsibility for the capitalisation of projects across the UK and Europe. He forms part of the Global Capital Markets network and works closely with Panattoni’s European operating platform helping originate and structure capital solutions and manage global and Pan-European investor relationships.

Oliver Choppin

Finance Director

Oliver is the Finance Director for Panattoni in the UK, overseeing the company’s financial strategies and is responsible for all financial aspects of the UK business including structuring, debt finance, deploying capital allocations, he also works closely with Panattoni’s European finance platform. Oliver has a wealth of experience in real estate finance having spent over 20 years in various treasury and accounting roles and been involved in over £7 billion of financing deals in both public and private debt markets. He is a fellow of the Association of Chartered Certified Accountants (FCCA).

Oliver Bertram

Head of National Development

Oliver is Head of National Development for Panattoni in the UK and is responsible for the national transactional platform in the UK. Oliver is recognised within the sector as a market specialist and is known for his personable approach to business and has earned a reputation for his commitment to customer service. Oliver has completed a number of significant industrial and logistics development projects across the UK.

Fergie Taylor

Head of Development Delivery

Fergie is responsible for managing the Panattoni UK delivery platform and has been instrumental in both establishing and guiding the Panattoni supply chain and project management team. With over 30 years of experience in the logistics sector, Fergie is recognised as one of the leading delivery directors in the market, with a keen interest in both low carbon design and sustainable development. Fergie has an unparalleled track record in the delivery of major industrial facilities and has procured an extensive range of new build logistics space for a variety of blue-chip customers.

Matthew Byrom

Managing Director UK

Matthew is Managing Director of Panattoni, representing the UK on both the European and Global Investment Committees that guide the strategies and day to day operations of the business. He also leads in the identification of new business opportunities and company investment. Since forming First Industrial in 2009, which merged with Panattoni in 2017, Matthew has continued to build on his reputation for the delivery of major development projects in the UK while continuing to grow the business.

Sara Lewis

UK Business Support

Sara works within Panattoni’s Business Support team. With over 10 years’ experience at Panattoni, Sara supports the Executive Team with the day-to-day operations of the business. Sara has developed her skill set to assist across the wider Panattoni business throughout the UK.

panattoni_wind_turbine

Delivery of Energy Park in Kettering, UK

The extension to the existing Burton Wold Wind Farm involved the installation of nine GE 1.6MW turbines, the most efficient available when commissioned, to create a new 14.4MW wind farm at the site.

The wind farm saves an average of 12,831 tonnes of CO2 each year. In its remaining 15 years of life it is expected to save another 201,000 tonnes of CO2.

As part of this project, leading members of the team also designed a prototype for local energy generation that linked renewable energy technologies, local businesses and the local community in a virtuous circle of production and consumption.

Fitting largest solar roof in the UK for M&S at EMDC​

Panattoni’s team developed the 900,000 sq ft solar array at the Marks & Spencer’s distribution centre in Derbyshire, making this the biggest in Europe at the time of installation. The array will generate over 5,000MWh of electricity per year and reduce the building’s carbon footprint by 48,000 tonnes over 20 years. The array provides almost 25% of the energy the distribution centre needs, making it nearly self-sufficient during daytime operations.

The Marks & Spencer distribution centre also has a solar wall that allows the building to passively regulate its own internal temperature, and the enabling work included 92,000 tonnes of concrete broken out and recycled on site.

These measures earned the building a carbon neutral certificate and BREEAM ‘Excellent’ accreditation.