Kick-off in southern Styria: Panattoni celebrates ground-breaking ceremony for first project in Austria

Panattoni, the leading project developer for commercial real estate in Europe, celebrated the ground-breaking ceremony for its first project in Austria, Panattoni Park Graz Süd, on 26 April 2023. The ceremony was attended by Anton Lang, Deputy Governor of Styria, Peter Stradner, Mayor of the municipality of Wagna, Stefan Lipp, Branch Manager of PORR AG, and representatives of Panattoni.

Caption: (from left to right) Stefan Lipp (PORR AG), Jürgen Winklbauer (Panattoni), Daniel Oetjen (Panattoni), Anton Lang (Deputy Governor of Styria), Peter Stradner (Mayor of the municipality of Wagna). Reprint free of charge, copyright: Panattoni.

Without pre-letting, a new technology and business park with 48,000 m² of usable space and 7,200 m² of office and social space is being built in the up-and-coming economic region around Leibnitz in southern Styria. Once completed, it will be characterised by a high degree of third-party usability for various user groups, with Panattoni focusing in particular on the industries located in the region, such as automotive, high-tech, food and pharmaceuticals. An outdoor kiosk, a bus connection on the site and car parking spaces with natural shading and e-charging facilities will be created for the up to 400 potential future employees at Panattoni Park Graz Süd.

The new building is being constructed on a 100,000 m² site in Hasendorf in the market town of Wagna and is not only in an excellent location 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.

As part of the project development, Panattoni is focussing in particular on the aspect of sustainability and is aiming for DGNB Gold certification for the property. To this end, the developer is planning a series of measures such as the installation of a photovoltaic system and the greening of the roof surfaces and façade. In order to take account of the energy transition, a biomass power plant will be built on the site as an alternative to conventional gas heating. The project developer 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.

Anton Lang, Deputy Governor of Styria, commented on the ground-breaking ceremony as follows: "Our clear goal is to strengthen the Styrian regions in the future and keep them worth living in. I am therefore very pleased about the realisation of this project, which is not only of great importance for the business location, but above all will also create many good jobs. Due to its importance, we as the Province of Styria have subsidised the development of the industrial estate with over six million euros. I would like to thank everyone involved for the realisation of this project."

Peter Stradner, Mayor of the market town of Wagna, adds: "We were looking for a reliable partner for the development of our commercial and industrial estate. We found one in the project developer Panattoni. The collaboration was respectful and highly professional at all times. We are now looking forward to the completion of this forward-looking technology and business park."

"Today's ground-breaking ceremony not only marks an important milestone on the way to realising Panattoni Park Graz Süd. With the start of construction work on the first Panattoni project in Austria, we have also reached the first milestone in our strategy to develop the Austrian market. We look forward to further projects in the coming years," comments Jürgen Winklbauer, Managing Director of Panattoni Austria.

The first areas in Panattoni Park Graz South are scheduled for completion at the beginning of 2024. The developer anticipates overall completion by the end of 2024.

CBRE and Schlager Immobilien are responsible for marketing the property.

About Panattoni Austria:
Panattoni is the leading project developer for commercial property in Europe. Panattoni was founded in 1986 as Panattoni Development Company in Newport Beach, USA. The owner-managed developer now has offices in North America, Europe and Asia.

Panattoni offers its clients high-quality and sustainably constructed property solutions. For a holistic development, the company focuses on the local conditions on site as well as on cooperation with municipal partners and decision-makers. The portfolio includes customised build-to-suit and build-to-own solutions and Panattoni Parks. The portfolio is complemented by the realisation of flexible and modular business parks based on the City Dock concept in urban centres. Here, various users from the production, retail and trade sectors find attractive small-scale commercial spaces with outstanding infrastructure and connections.

Since entering the European market in 2005, Panattoni has developed more than 19 million square metres of new space. Panattoni's Austrian headquarters are located in Vienna. Panattoni operates a total of 53 branches in North America, Europe and Asia. The company has committed itself to CO2-neutral development of all property projects.

Contact:
Panattoni | www.panattonieurope.com
Sarah Friedrich | +49 (40) 525 723 138 | sfriedrich@panattoni.com
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