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Growth is Strong in Germany for Panattoni

  • Panattoni announces positive annual results despite coronavirus pandemic
  • Investments in German Network deliver high customer satisfaction
  • Panattoni named Europe’s most successful project developer for fourth time in succession

Panattoni, Europe’s largest developer of industrial and logistics property, has announced positive results for the fiscal year 2020 despite the socio-political effects of the coronavirus pandemic. In Germany the developer was already handing over 14 complex projects to its customers. Some more to be completed until end of the year. Therefore creating a size of 300.000 square metres of building space in Germany. Already 21 new developments are brought on the way for 2021.

The investments in an expanded sales network, with four offices in Germany and measures to strengthen the team paid off. These key factors have increased Panattoni’s overall performance capabilities and improved essentially the service quality of the developer. Particular optimisations have been made in respect of in-situ collaboration with customers and partners. Panattoni has also expanded its Property Management business segment in Germany. To date, its portfolio of managed properties only included projects realised by Panattoni itself. However, the developer is now moving to take care of property management operations for external projects and partners. Most recently a new contract have been signed for a portfolio of four properties.

In addition to projects developed for the logistics and industrial sectors, Panattoni has also reached key milestones in the German market with its novel urban business parks. The developer is working to create an additional to the “City Dock” Berlin Spandau in Falkensee, just outside Berlin. These innovative business parks are a much-needed solution to the lack of urban commercial space; they will offer flexible and modular premises starting from 700m² to users from different sectors.

Fred-Markus Bohne, Managing Partner at Panattoni in Germany, summarised the last year: “In view of the enormous economic and social restrictions brought about by the coronavirus pandemic, it is gratifying to see our development during this difficult year. The pandemic has forced us and our partners to adapt, from maintaining contact to restructuring project schedules and staying the course in order to bring projects to a successful and timely conclusion. We were able to do so thanks to strong communication with our partners and dedicated crisis management operations; although we remain cautious, it gives us reason to look to the year ahead with optimism. We want to be there for our customers and continue to grow together in 2021. Our work today lays the foundations for that.”

Panattoni also has success to celebrate at the European level. Once again, specialist real estate magazine PropertyEU’s rankings of Europe’s leading project developers for logistics properties puts Panattoni in first place. A total of fourteen developers were included in the rankings, which are based on the period from 2017 to 2019. By handing over a total of 6.31 million square metres of logistics and industrial premises across Europe. Panattoni delivered double the surface area of the second-placed developer and has been crowned Europe’s largest developer for the fourth time and has another time proved itself a capable and reliable project developer in the European market.

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