Panattoni realises first project in Austria

Panattoni, the leading project developer for commercial property in Europe, announces the purchase of a property for the development of a technology and business park with a focus on the local economy in Leibnitz and Styria. This is the first time the developer has realised a project in Austria. Completion of the first areas is planned for Q4 2023, with overall completion scheduled for Q2 2024.

Caption: Panattoni is developing its first project in Austria with the technology and business park in southern Styria. Reprint free of charge, copyright: Panattoni.
 
Panattoni Park Graz Süd is being built without pre-letting on a 100,000 m² site in Hasendorf in the market town of Wagna, southern Styria. Potential users will soon have 48,000 m² of usable space and 7,200 m² of office and social space at their disposal. In order to offer up to 400 potential employees an attractive workplace, a kiosk, a bus connection on the site and car parking spaces with natural shading and e-charging facilities will be created in the outdoor area. Panattoni is prioritising a high level of third-party usability for various user groups in the development and is focusing primarily on the industries located in the region, such as automotive, high-tech, food and pharmaceuticals.

The new building is being constructed in one of the up-and-coming economic regions in Austria along the Graz-Maribor axis and is in an excellent location not only due to its geopolitical position in the centre of Europe, in close proximity to the growth markets in Central and Eastern Europe, but also due to its direct connection to the A9 motorway.

In the interests of sustainable and resource-conserving development, Panattoni is aiming for certification to the DGNB gold standard for the construction of the building. To this end, the project developer is planning to install a photovoltaic system and green the roof surfaces and façade. In order to also take account of the energy transition, a biomass power plant will be built on the site as an alternative to conventional gas-fired heating. Panattoni is also focussing on local value creation and is awarding contracts to local companies based in southern Styria as part of the construction of the approximately 60 million euro project.

Peter Stradner, Mayor of the market town of Wagna, comments on the project as follows: "We are delighted to have found an absolutely reliable partner in Panattoni for the development of our commercial and industrial area. The co-operation with all those involved, above all with Jürgen Winklbauer, the Managing Director for Austria, was highly professional and very efficient. A technology park is being created in our municipality that is forward-looking, sustainable, energy-efficient and green, and will certainly have a strong influence on the industrial building culture of the region. The market town of Wagna is pleased and proud of this settlement."

Jürgen Winklbauer, Managing Director at Panattoni Austria, says: "Styria is one of Austria's most important economic regions and is therefore an attractive location for many companies. However, the hotspot region is also facing strong demand for high-quality space. With the development of the business park in Leibnitz, we are responding to this demand and providing future users with modern space in an outstanding location."

Fred-Markus Bohne, Managing Partner at Panattoni Germany and Austria, explains: "Panattoni is planning to realise around 4 to 5 projects on the Austrian market over the next 2 to 3 years. Quality always takes centre stage. In particular, the relationship with local authorities and the dialogue with local decision-makers and the population has become increasingly important in recent years. Added to this is the importance of sustainability in the dimensions mentioned. This is why we at Panattoni pursue the strategy of measuring the success of projects by their holistic added value for users and communities. This also and especially applies to the Austrian market. We would therefore like to thank the market town of Wagna and the local spatial planner for their excellent cooperation, which has helped to establish a business park that both fits into the landscape and minimises the ecological footprint."

Construction work on Panattoni Park Graz Süd will start in March 2023, with the first areas scheduled for completion in Q4 2023. The developer ultimately plans for overall completion in Q2 2024.

CBRE and Schlager Immobilien have been commissioned with the marketing.

About Panattoni:

Panattoni is a full-service developer for industrial and logistics properties. Panattoni in Europe is a subsidiary of Panattoni Development Company, Newport Beach, USA, an owner-managed and leading global developer of industrial and logistics space with offices in North America, Europe and Asia. Panattoni offers its clients high-quality and sustainably constructed property solutions in the industrial sector. To ensure holistic development, the company focuses on local conditions and attaches great importance to working in partnership with local authorities. The portfolio includes customised build-to-suit and build-to-own solutions, Panattoni Parks and property management. The portfolio is complemented by the realisation of modular business parks under the "City Dock" brand. Here, companies from the manufacturing, retail and trade sectors can find attractive small-scale commercial space in the middle of urban centres or in suburban locations.

Since entering the European market in 2005, Panattoni has developed more than 19 million m² of new space in Europe. In Germany, one of the company's focus markets, the Panattoni team and its more than 110 employees have realised more than 120 projects. Of these, 85% of the developed land area is brownfield revitalisation. Panattoni's German headquarters are in Hamburg, with further offices in Düsseldorf, Mannheim, Munich and Berlin.
 
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www.panattoni.de
Contact:
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