Panattoni ranked No.1 in Europe
Panattoni is the largest industrial developer in Europe, according to the latest Top Property Developers Ranking by Property EU Magazine. The firm topped the podium in terms of the quantity of space delivered to the market between 2014 – 2016. The staggering 29,176,812 sq. ft of new build warehousing made Panattoni Europe the largest developer of industrial real estate in Europe.
Panattoni Europe is the European arm of US-based Panattoni Development Company, Inc. The privately-owned company, with its Head Office in Newport Beach, California is now the fastest growing industrial developer in the world, as well as No.1 in the annual ranking by Property EU Magazine – a pan-European source of information for commercial real estate professionals.The ranking lists the Top 10 European developers in terms of the quantity of product delivered to the market over a period. This year’s list covered the period from 2014 – 2016, with the title of Top Property Developer going to Panattoni.
In Poland, the Czech Republic and Germany, Panattoni’s impressive performance can be attributed mainly to the rapid growth in the e-commerce sector, as is evidenced by the developer’s biggest deals for companies such as Amazon, Decathlon and H&M / Jago. The last 5 facilities for Amazon alone totalled some 7,350,000 sq. ft. In addition to internet related logistics, manufacturing also accounted for an increasing share of the market, especially in the automotive sector.
Robert Dobrzycki, Chief Executive Officer, Panattoni Europe explains:
“…our first place in the Property EU ranking of Top Property Developers shows that as a developer we are capable of undertaking diverse projects, from small formats to record-breaking platforms….up to 1,750,000 sq. ft in a single facility. Our very successful 2016 followed by a good start to 2017, stimulated by strong growth in e-commerce and the general improvement in economic conditions across Europe, promise that good times are ahead for the warehousing market, both in terms of volume and investor activity.”
Since coming to Europe, Panattoni has delivered more than 50,000,000 sq. ft of modern industrial warehousing and has currently close to 11,000,000 sq. ft under development. The company supports local and national businesses by delivering both speculative and build-to-suit projects, for a wide range of customers. Panattoni also acquires land and secures sites for new strategic developments for client’s such as Arvato, Coty Cosmetics, General Electric, TNT, DSV, BSH (Bosch), Carrefour, Kaufland, Tesco, Castorama, Intermarché, Leroy Merlin, Selgros, ND Logistics, Still, Schenker, Tchibo.