Panattoni Europe to build logistics centre for backpack manufacturer Fond of

  • Eight-digit investment in Euskirchen
  • Distribution centre of approx. 40,000 square metres
  • Completion scheduled for June 2019

Panattoni Europe, the leading project developer of industrial and logistics real estate in Europe, is to build a new distribution centre for the Cologne company Fond of GmbH, specifically designed to the company’s requirements. The investment volume for the building will be in the eight-digit range and the centre is scheduled to be completed in June 2019.

The new logistics centre will be built on a site of approximately 66,600 square metres north of Euskirchen, in the district of Großbüllesheim, in Heinrich-Barth-Straße. This location beside the L182 is only seven kilometres from the BAB 61 and offers convenient traffic connections. The building will consist of four fire compartments, each with an area of about 9,900 square metres, 1,500 square metres of office and recreational space on the mezzanine level and 2,100 square metres of warehousing space on a further mezzanine level. The outdoor area will provide eight parking spaces for lorries and 72 for cars. As general contractor for this project, Panattoni has designed a sustainable, high-quality building and is aiming to win the DGNB gold certification for the new logistics centre. [DGNB: Deutsche Gesellschaft für Nachhaltiges Bauen – DGNB e.V., (German Sustainable Building Council)].

The Fond of GmbH company designs and markets a range of functional bags. Founded in 2010 in Cologne, the company now has around 240 employees. In the financial year 2017/2018 which ended in July 2018, the company achieved a sales revenue of more than 69 million euros, an increase of approximately 25% in comparison with the previous year’s 55 million euros. Fond of sees itself as a platform for personal growth, progress and development of potential. When it started out in 2010, the company’s mission was to revolutionise the market for school bags with its first brand “ergobag”. The company’s portfolio now consists of seven kids, lifestyle and business backpack brands as well as a fashion label.

In the new centre, EULOCO GmbH, a logistics company recently founded by the owners of Fond of, will handle the company’s own logistics activities as well as provide logistics services for other customers. Besides warehousing and order picking this will include shared services such as a photo studio, repairs and complaints management, quality control, IT services, production and 3D printing.

Dr. Oliver Steinki, co-founder and managing director of Fond of GmbH and EULOCO GmbH, comments, “The fast growth of our company constantly presents logistical challenges, so we are glad to have a well-known and reliable partner like Panattoni who has the extensive know-how to design and implement a solution for our own distribution centre within a short period of time. This modern centre with approximately 40,000 square metres of warehousing space near Euskirchen will ensure that we are very well positioned for the future.”

“We are delighted that Fond of has placed their confidence in us,” states Fred-Markus Bohne, Managing Partner of Panattoni Europe. “We are experienced in developing build-to-suit projects in which industrial and logistics facilities are designed to provide customised solutions. This type of project is one of our core business activities. We have everything that is necessary to create the required capacities within a short timeframe. This project for Fond of will be further proof of our expertise in this field.”

Ellwanger & Geiger acted as consultants for Fond of during the negotiations for this project.