Panattoni finds tenant in Essen harbour prior to completion

  • Online provider Euziel International is moving in
  • 43,200 m2 of brown-site land with over 100 years of industrial history successfully redeveloped
  • Completion scheduled for early 2021

Panattoni, the leading project developer for industrial and logistics facilities in Europe, has already managed to rent out all of the facility being developed in Essen harbour on a speculative basis prior to completion of building constructions. The future tenant is the online provider and retailer Euziel International GmbH, headquartered in Remscheid. Euziel will use the facility to store and tranship office and home furniture, pet supplies and other sports and outdoor products.

Panattoni is developing the new logistics centre in the ideally located Essen port, which is a central hub for goods transhipment in the Ruhr region with tridmodal access. Within the scope of the project, Panattoni is revitalising a brown-field site with over 100 years of industrial history. The original building was stripped of tenants and several bombs from World War II found on the site had to be removed.

The 43,220 m2 plot of land will accommodate 20,140 m2 of logistics space, 1,415 m2 of office and social space as well as 1,523 m2 of mezzanine areas. The building is 10 m high and will be awarded the DGNB Gold Standard as a result of the sustainable and resource-efficient redevelopment process.

“The development of the new logistics centre and the early engagement of Euziel International as tenant of the entire facility is a major win for us”, says Fred-Markus Bohne, Managing Partner at Panattoni. “The new facility will be in an important logistics hotspot that is extremely well connected. The decision to develop here in Essen was without a doubt the right one. Our Panattoni team was able to overcome the highly complex challenges with outstanding dexterity to find the right solutions for this location. The fact that the facility has already been rented out fully prior to completion is proof of this.”

“We are delighted with the development of the new logistics centre”, explains Andre Boschem, CEO of Essener Wirtschaftsförderungsgesellschaft mbH. “Especially because it will create 120 new commercial sector jobs in Essen harbour– a real boon for Essen as a business location.”

The EWG helped Panattoni with the purchase of the site in Essen. The business developers also assisted the company with the approval process. Panattoni started construction work in May 2020, and the project is scheduled for completion in February 2021. The team at Realogis in Düsseldorf, headed by Bülent Alemdag, acted as brokers for Panattoni on a sole mandate.