PANATTONI SPEARHEADS DRIVE INTO SWEDISH MARKET WITH RECORD — 300 MILLION INDUSTRIAL/LOGISTICS LAND ACQUISITION

Advenit.IT
5 min readSep 1, 2022

Panattoni, Europe’s largest deployer of institutional capital and developer in the industrial and logistics real estate sector, has completed the biggest zoned land deal ever done in the Swedish market.

Panattoni, Europe’s largest deployer of development capital in the industrial and logistics real estate sector, has completed the biggest zoned land deal ever done in the Swedish market with the SEK 3.1 billion (c. €300 million) acquisition of seven sites totalling 121.3 ha in the region of Stockholm and Skåne. The vendor was Kilenkrysset, a Swedish family-owned real estate owner and developer.

The land has the zoning permits and potential to develop 661,450 sqm of logistics gross lettable area (GLA), for an estimated total investment of more than SEK 10 billion (c. €1.0 billion). Robert Dobrzycki, CEO & Co-Owner Panattoni Europe and India, said:

“Panattoni is accelerating its expansion across West European markets and this record Swedish land transaction is probably the most spectacular entry into a new market we’ve achieved so far. The deal was sealed just six months after Panattoni opened its first Swedish office in Gothenburg, and it is a tribute to the skills of the local team and our ability to quickly deploy institutional capital at scale when opportunities present themselves.”

Panattoni plans to speculatively develop 19 warehouses on seven greenfield sites. Sixteen of these will be built in the Mälardalen region in Strängnäs, Nykvarn and Enköping west of Stockholm, all next to the E18 and E20 motorway. Two developments will be located at Rosersberg, 30 km north of central Stockholm on the E20 motorway. One development will be located in Staffanstorp 6 km east of Malmö close to E6 motorway.

Jan Persson, CEO at Kilenkrysset, said:

“Panattoni’s values are in line with Kilenkrysset and we share many similarities. Carl Panattoni, Panattoni’s founder and owner, is the same age as me, and much like Kilenkrysset, Panattoni was also founded in 1986. With our sizeable land bank of approximately 30 million square meters and our long-term commitments in detailed planning, as well as the construction and financing of our areas’ infrastructure, we do not have the capacity to build and develop on all our land on our own. With Panattoni, we have found a partner who will fulfill both Kilenkrysset’s and our municipalities’ wishes: a rapid and large-scale development plan which, in combination with the municipalities’ positive attitude, is estimated to create thousands of jobs. Panattoni’s investment will be an important addition to the development of the Mälardalen region for many years to come.”

Fredrik Jagersjö Rosell, Managing Director Panattoni Sweden, said:

The prime development land Panattoni acquired from Kilenkrysset sits in the heart of Sweden’s Golden Triangle concentration of warehousing and distribution hubs in the southern regions framed by the cities of Stockholm, Gothenburg and Malmö. The Golden Triangle accounts for 80% of the country’s business and population, its most important ports, largest airports and main transport routes. With high demand for logistics space still outpacing record supply in the Swedish market last year and vacancy rates at very low levels, we’re confident that our forthcoming developments will tap into the strong appetite of occupiers for modern sustainable warehousing.”

DLA Piper and WSA (Wesslau Söderqvist Advokatbyrå) was the legal advisor for Panattoni on the transaction.
For Kilenkrysset, the agent was Angermann and the lawyers Advokatfirman Glimstedt.

“The prime development land Panattoni acquired from Kilenkrysset sits in the heart of Sweden’s Golden Triangle concentration of warehousing and distribution hubs in the southern regions framed by the cities of Stockholm, Gothenburg and Malmö. The Golden Triangle accounts for 80% of the country’s business and population, its most important ports, largest airports and main transport routes. With high demand for logistics space still outpacing record supply in the Swedish market last year and vacancy rates at very low levels, we’re confident that our forthcoming developments will tap into the strong appetite of occupiers for modern sustainable warehousing.”
DLA Piper and WSA (Wesslau Söderqvist Advokatbyrå) was the legal advisor for Panattoni on the transaction.
For Kilenkrysset, the agent was Angermann and the lawyers Advokatfirman Glimstedt.

PANATTONI, NEW PROJECTS IN ITALY

Marco Zorzetto, responsabile sviluppo Italia Panattoni
Jean-Luc Saporito: Managing director Italia Panattoni

Two major acquisitions in Northern Italy finalized, in Ospedaletto Lodigiano (LODI) and Scarmagno (TURIN).

Panattoni, a leading industrial real estate developer in Europe, has announced two new logistics developments in northern Italy, in Ospedaletto Lodigiano (Lodi) and Scarmagno (Turin), respectively.
Panattoni is the leading developer of modern warehouses and industrial space in Europe, present in the continent’s most important logistics markets, such as Germany, France, England, Spain, Poland, Sweden and the Netherlands, and Italy.

The recently acquired logistics development in Ospedaletto Lodigiano, strategically located on the Milan-Piacenza axis, involves the construction of a 15,000-square-meter Grade A facility, located just 30 minutes from the center of Milan, which will meet the requirements of Breeam certification with a Very Good rating.
Also in the pipeline is a brownfield development in Scarmagno, at the former Olivetti complex, where the purchase of a 24-hectare plot with building capacity of 86,000 square meters of SLP has been finalized.
These deals testify to Panattoni’s willingness to implement the pipeline of projects and investments in the Italian market, both speculative and Built-to-Suit — the operation of the Milan office led by Jean-Luc Saporito was announced at the beginning of the year — to meet the growing demand of tenants for more modern and eco-sustainable structures.

Says Jean-Luc Saporito, Managing Director of Panattoni Italia:

“Following what is our corporate strategy, we have acquired two plots of land adjacent to the toll booths of the main highway networks, in locations of potentially great interest to our Clients, with the possibility of building up to 100,000 sq. m. of Class A warehouses designed to obtain environmental certification. Panattoni, with the acquisition of the first brownfield land in the Scarmagno area, consolidates its presence in Italy with the goal of reducing the environmental impact of its future operations.
The premises for 2022 look very promising!”

In addition, for the sixth consecutive year and with nearly 7 million sq. m. of space built in the past three years, Panattoni has been recognized as the №1 logistics developer according to the ranking of the authoritative pan-European publication Property EU.

Edited by reFRAME Editorial Staff

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