Panattoni top project developers of 2017
- Bulwiengesa publishes study on “Logistics and Real Estate 2017”
- In 2017, the roughly 5.7 million square meters of developed logistics space is expected to surpass the record year 2016 by twelve percent
On October 5, 2017, bulwiengesa presented an evaluation of development work in the area of modern logistics properties as part of the study “Logistics and Real Estate 2017”. The ranking refers to completions by project developers, including the pipeline in Germany. In this context, Panattoni Europe takes first place in 2017 with 231,500 square meters of developed space. Looking at the entire period from 2012 to 2017, Panattoni occupies third place, after the Goodman Group and the Schwarz Group.
Panattoni Europe has been doing business as a full-service developer of industrial and logistics properties on the European market since 2005 and has in that time developed 5.7 million square meters of space. Germany is one of the markets the company focuses on, and Panattoni has so far developed 25 new projects since its restructuring on the market in 2015.
Fred-Markus Bohne, Managing Partner of Panattoni Europe, expresses his delight at the success, saying, “Our target is to establish ourselves permanently among the top three project developers in the sector in Germany and to expand our excellent position on the market. We have been very successful in this effort in the past two years, and the Bulwiengesa evaluation shows that we are well on our way to accomplishing our goal. We are going to maintain our high level of performance.”
Among this year’s projects are developments of such sought-after industrial and logistics sites as the logistics center in Düsseldorf harbor, a logistics hall for 21sportsgroup in the Rhine-Neckar metropolitan area, and a collaborative project with Noerpel Group in Elsdorf, Lower Saxony.
Panattoni’s portfolio includes build-to-suit solutions, fee development, logistics parks, and property management. Panattoni has a great deal of experience in revitalizing brownfield sites and is increasingly counting on speculative development at attractive locations in order to be able to meet the high demand for logistics sites available on short call.
According to bulwiengesa, the logistics property sector has been growing by 5.2 percent annually since 2012. Initial projections indicate that the more than 5.1 million square meters this year will represent twelve percent more completed logistics space than even the former record year 2016. And more and more of this space is being built up speculatively, which speaks for the growing optimism and self-assurance in this segment. Yet the logistics sector is still marked by the construction of large properties on the outskirts of big cities or at peripheral locations, bulwiengesa asserts.
As far as the development of logistics properties and locations is concerned, Fred-Markus Bohne estimates, “Driven by e-commerce, big cities are of course getting more interesting, but so are the outskirts. Despite the boom in e-commerce, however, we should not forget that the goods first have to get to the distribution points in the big cities. The logistics chain starts much earlier and is still going to need the traditional functions and warehouses.”