Panattoni realises second project in Cologne

Panattoni, the leading project developer for industrial and logistics properties in Europe, has secured 62,000 m² of land for the development of a new Panattoni Park in the immediate vicinity of Cologne city centre. The property is being built to high sustainability standards on a historic site in the northern district of Niehl and has excellent transport links. Construction work is scheduled to begin in the third quarter of 2024, with completion planned for the third quarter of 2025.

Caption: Panattoni is developing Panattoni Park Köln II, a second project in Cologne, North Rhine-Westphalia, in the immediate vicinity of the city centre. Reprint free of charge, Copyright: Panattoni.

Panattoni Park Cologne II will be built without pre-letting on a site of around 62,000 m² just 1 km away from the recently published Panattoni Campus Cologne, which is part of the integrated production and logistics quarter FUSION COLOGNE. The Panattoni Park Köln II site has a long industrial history and has been used by the Ford factories for prototype production since the 1950s. Once completed, the property will have around 35,000 m² of industrial and logistics space, including 2,600 m² of office and social space and 2,600 m² of mezzanine space. The park consists of two separate buildings with a total of six units, each with an area of between 5,000 m² and 6,000 m². These can be flexibly divided, making the property suitable for a wide range of commercial uses. The height of the two halls is 10 metres gross floor area. In addition, 120 car and 6 lorry parking spaces are planned on the outside areas.

The modern logistics and industrial property is being built in the immediate vicinity of Cologne city centre and has a direct connection to the A1 motorway, which in turn provides quick access to the A3, A57 and A59 motorways. The location also has excellent multimodal connections thanks to its proximity to Niehl harbour and Cologne-Bonn airport. There are also public transport stops in the immediate vicinity.

Dr Manfred Janssen, Managing Director of KölnBusiness Wirtschaftsförderung: "For an attractive business metropolis like Cologne to grow, it needs new and modern space for companies. With the revitalisation of the former Ford plant site, Panattoni is creating precisely this kind of high-quality space for logistics and industrial companies, which will further advance the business location. Companies have an excellent starting position in Cologne - both in terms of IT and communications infrastructure as well as transport connections. As KölnBusiness Wirtschaftsförderung, we also actively support companies and project developers in realising their projects in Cologne."

In project development, Panattoni is focussing on the aspect of sustainability and is aiming for at least DGNB Gold Standard certification. To this end, extensive sustainability measures are being implemented, including the installation of a photovoltaic system (PV) on the roof and the use of rainwater. Green roofs are also planned for the sprinkler centre and the smoking and bicycle shelters. Last but not least, the developer is creating leisure areas for employees and wildflower meadows.

Fred-Markus Bohne, Managing Partner for Panattoni Germany and Austria, says: "We feel very much at home in Cologne. With Panattoni Park Cologne II, we are now developing the second project directly in the city centre, in addition to the Panattoni Campus Cologne with its park and city dock areas, which is only one kilometre away. In Cologne-Niehl, flexibly usable space is being created that is suitable for a broad mix of users. Future tenants will benefit from the excellent location in a dynamic region - Cologne city centre, Leverkusen and Düsseldorf are all within easy reach. The cooperation with all parties involved is professional and constructive. These are the best conditions for pushing ahead with the realisation of the project at full speed."

The international property consultant CBRE brokered the property used by Ford-Werke to Panattoni in a structured bidding process and on Ford's exclusive behalf and will also be responsible for marketing the space.

Construction is scheduled to begin in the third quarter of 2024, with completion planned for the third quarter of 2025.

About Panattoni:

Panattoni is one of the world's largest owner-managed project developers for industrial property and has been a leader in Europe since it was founded in 2005. The company has 53 offices in North America, India and Europe. Its global portfolio comprises more than 54 million m² of completed space for more than 2,500 customers.

Panattoni offers its customers high-quality and sustainably constructed property solutions in the industrial sector. The company focusses on local conditions on site and on cooperation with municipal partners and decision-makers to ensure holistic development. The portfolio includes customised build-to-suit and build-to-own solutions, Panattoni Parks and property management.

The portfolio is complemented by flexible and modular business parks based on the City Dock concept. Here, users from production, trade and commerce will find attractive small-scale commercial spaces in the middle of urban centres or in suburban locations.

Since entering the European market in 2005, Panattoni has created more than 20.3 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 brought more than 120 projects to fruition. Of these, more than 85% are brownfield revitalisations. Panattoni's German headquarters are in Hamburg, with further offices in Düsseldorf, Mannheim, Munich and Berlin.

Contact:
Panattoni | www.panattoni.de
Sarah Friedrich | sfriedrich@panattoni.com
Am Sandtorkai 54 | 20457 Hamburg
 
teamtosse Agentur für Kommunikation | www.teamtosse.de
Nicole Weikmann | +49 (0)89 414 175 290 | nicole.weikmann@teamtosse.de
Kistlerhofstraße 70 | Building 88 | 81379 Munich