Newport Logistics Fund II invests in development in Upper Austria

The Newport Logistics Fund is launching its second fund and is thus accompanying Panattoni Park Ennshafen through the entire property development cycle. As part of Newport Logistics Fund II, the company intends to raise 100 million euros for investments in Western Europe. The construction phase of the first financed project in Upper Austria will start in 2024.

The new building with an area of 42,000 m² will be constructed in an ideal location near the city of Linz in the Ennshafen industrial estate. Thanks to the Rhine-Main-Danube waterway, the rail network with container terminal and the immediate proximity to the B1 federal road and the A1 western motorway, the location has excellent connections to the European economic centres.

The park is being built in the centre of the established Ennshafen industrial area on an area of 42,000 m², of which 35,000 m² is hall space,  3,000 m² is office space and 3,000 m² is mezzanine space. In addition, it is possible to rent smaller units of up to 3,000 m² in size, providing excellent development opportunities for small and medium-sized companies in the region.

"Our experience to date confirms that it pays to invest in Panattoni's projects. As the European market leader, the company carefully selects the locations of its parks based on business potential and Upper Austria is a valued region in this respect. The high level of sustainable construction at Park Ennshafen enables companies to achieve climate targets quickly and efficiently," says Szymon Ostrowski, Managing Director of the fund.

The project is aiming for DGNB certification in accordance with the Gold Standard. To this end, extensive sustainability measures are being implemented, such as the installation of photovoltaic systems on the building roofs and the use of district heating or heat pumps. Green spaces are being created on the outside grounds, and employees have access to a well-developed cycle infrastructure, charging stations for electric cars and public transport.

Following a successful initial phase, Newport Logistics Fund is now launching a second fund. The first fund was able to raise 50 million euros from investors in Western Europe, the USA and the United Arab Emirates within ten months. The capital is already fully invested in three projects and offers investors a diversified portfolio of assets. The first project financed by Newport Logistics Fund I was a distribution centre in Zgierz in central Poland near the A2 motorway, which connects Warsaw with Berlin, among other places. The construction project comprises two buildings with a total area of 33,500 m². The first building has already been completed and fully let to the logistics company DPD. The second project is located in Almere near Amsterdam and has a total area of 23,400 m². The third project is located in the immediate vicinity of London's Heathrow Airport and has a total area of 7,500 m².

"The great success of the predecessor fund makes us optimistic about Newport Logistics Fund II and the launch of Panattoni Park Ennshafen confirms that we are not slowing down. We are already planning our next investment in France," summarises Szymon Ostrowski.

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NEWPORT LOGISTICS FUND is a private equity real estate fund that finances the entire investment cycle of construction and commercialisation of modern warehouses in Europe. We work with the largest logistics developer in Europe with 35 years of professionalism and international experience on a global scale.
www.newportlogisticsfund.com

Contact:

Justyna Krawczyńska
Operations Specialist
M: +48 693 600 446
E: JKrawczynska@newportlogisticsfund.com