Panattoni is launching a pan-European fund, aimed at investing in modern, sustainable, and profitable logistic properties.
Panattoni Income Fund is an open “evergreen” model fund registered in Luxembourg, planning to raise 300 million euros of capital and acquire assets worth 600 million euros by 2026. These assets will be realized and managed by Panattoni. The owners of Panattoni and the management team will be co-investors.
The fund aims to generate stable income and capital growth for investors. It will acquire stabilized assets and enter into forward-purchase pre-let transactions exclusively in the highest standards of sustainable development, in countries where Panattoni operates, including Central and Eastern Europe (especially in Poland), the United Kingdom, Italy, Spain, Germany, Austria, the Netherlands, and Scandinavia. The fund begins its activities by acquiring stabilized assets managed by Panattoni in Poland.
The fund’s advisory team is based in Poland. The managing director is Krzysztof Dudek, who will be responsible for managing operations, investment activity, portfolio, assets, as well as raising funds and capital flows. Before joining Panattoni, he served as the head of real estate investment management at TFI PZU – the investment arm of the PZU Group, the largest financial and insurance company in Central and Eastern Europe, managing a portfolio of commercial properties worth close to 1 billion euros.
Przemysław Konieczka serves as the fund’s executive director and oversees strategic investment initiatives and portfolio management. Before joining Panattoni, he was a fund manager and investment director at TFI PZU.
“This is an opportune time to establish Panattoni’s first income fund. The market correction after the COVID pandemic has made returns from industrial and logistics properties more attractive. Significant capital was waiting for price stabilization and more favorable financing conditions,” says Krzysztof Dudek, Managing Director of Panattoni Income Fund and adds: “The supply and demand dynamics in the sector are still very favorable for investors. The potential for rent growth is supported by limited supply, resulting from land shortages, regulatory barriers, and rising construction costs, combined with strong, ongoing demand for logistics spaces, which is driving e-commerce growth and new production investments.”
“Investing in industrial and logistics properties offers an attractive opportunity and long-term returns, supported by structural growth factors. The market is currently experiencing a shortage of supply and growing pressure for ESG-compliant assets, which gives the fund a competitive advantage thanks to access to prestigious projects,” explains Daniel Raemy, member of the Panattoni Income Fund’s advisory board.
The establishment of the Panattoni Income Fund is a continuation of Panattoni’s diversification activities, which is the largest supplier of logistic and industrial investments in Europe. In April 2022, Panattoni launched the Newport Logistics Fund, which finances selected Panattoni projects, and last year, the company was joined by logistics real estate veteran, Nick Preston, who took over as head of the newly formed Panattoni Investment Management, providing the company with additional capital sources.
Source: https://managerplus.pl/panattoni-uruchamia-fundusz-inwestujacy-w-zrownowazone-nieruchomosci-logistyczne-o-wartosci-600-mln-euro-75191
