Latest news with #Panattoni
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Business Standard
28-05-2025
- Business
- Business Standard
Panattoni India to invest ₹210 cr to build industrial, logistics park in TN
This will be the second project for Panattoni in India. It is already developing a project in the Delhi-NCR market Press Trust of India New Delhi Panattoni India will invest about Rs 210 crore to develop a 25-acre industrial and logistics park at Hosur in Tamil Nadu as part of its expansion plan. This will be the second project for Panattoni in India. It is already developing a project in the Delhi-NCR market. Panattoni India Development Pvt Ltd is a part of the Panattoni Group, one of the largest industrial real estate developers in the world. "Our foray into the Hosur market underscores Panattoni's commitment to strengthening our presence in Tier-1 cities and high-potential warehousing corridors," said Sandeep Chanda, Managing Director, India, Panattoni. He said the total leasable area in this upcoming project will be 5.5 lakh sq ft. "This will be a plug-and-play-like facility. The total project cost to develop this park will be around Rs 210 crore," he told PTI in an interview. The construction work will start in the next few months, and completion is expected in the second quarter of 2026. Asked about the source of funding, Chanda said the company has roped in an investor for the development of this project. It will also take debt from financial institutions. "India continues to be a priority geography in our global strategy. The launch of Panattoni Park, Hosur I, reflects our commitment to building a future-ready, pan-India industrial and logistics platform. Our long-term investment plans will continue to support India's expanding consumption and manufacturing base," said Robert Dobrzycki, CEO and co-owner of Panattoni Europe, UK, Middle East & India. The upcoming project -- Panattoni Park, Hosur I -- will cater to a diverse mix of occupiers, from e-commerce and 3PL players to FMCG and manufacturing companies, offering scalable, high-performance infrastructure built to Grade A specifications. Panattoni launched its first Indian development, Panattoni Park NH71 in Delhi NCR, in July 2024, with a 360,000 sq. ft. facility currently under construction. On average, Panattoni invests around EUR 8 billion a year globally. The commencement of the Indian operations in 2022 marks Panattoni's entry into Asia. Panattoni has delivered 22.3 million square meters in Europe and 56.3 million square meters globally, with an additional 3.1 million square meters under construction in Europe.
Time of India
28-05-2025
- Business
- Time of India
Panattoni India to invest Rs 210 cr to build industrial & logistics park in Tamil Nadu
Panattoni India will invest about Rs 210 crore to develop a 25-acre industrial and logistics park at Hosur in Tamil Nadu as part of its expansion plan. This will be the second project for Panattoni in India. It is already developing a project in the Delhi-NCR market. Panattoni India Development Pvt Ltd is a part of the Panattoni Group, one of the largest industrial real estate developers in the world. "Our foray into the Hosur market underscores Panattoni's commitment to strengthening our presence in Tier-1 cities and high-potential warehousing corridors," said Sandeep Chanda, Managing Director, India, Panattoni. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 서울주민 대상 임플란트 단돈 30만원으로 해드립니다. 추가금 일절없음 최저가 임플란트 더 알아보기 Undo He said the total leasable area in this upcoming project will be 5.5 lakh sq ft. "This will be a plug-and-play-like facility. The total project cost to develop this park will be around Rs 210 crore," he told PTI in an interview. Live Events The construction work will start in the next few months, and completion is expected in the second quarter of 2026. Asked about the source of funding, Chanda said the company has roped in an investor for the development of this project. It will also take debt from financial institutions. "India continues to be a priority geography in our global strategy. The launch of Panattoni Park, Hosur I, reflects our commitment to building a future-ready, pan-India industrial and logistics platform. Our long-term investment plans will continue to support India's expanding consumption and manufacturing base," said Robert Dobrzycki, CEO and co-owner of Panattoni Europe, UK, Middle East & India. The upcoming project -- Panattoni Park, Hosur I -- will cater to a diverse mix of occupiers, from e-commerce and 3PL players to FMCG and manufacturing companies, offering scalable, high-performance infrastructure built to Grade A specifications. Panattoni launched its first Indian development, Panattoni Park NH71 in Delhi NCR, in July 2024, with a 360,000 sq. ft. facility currently under construction. On average, Panattoni invests around EUR 8 billion a year globally. The commencement of the Indian operations in 2022 marks Panattoni's entry into Asia. Panattoni has delivered 22.3 million square meters in Europe and 56.3 million square meters globally, with an additional 3.1 million square meters under construction in Europe.
Yahoo
27-05-2025
- Business
- Yahoo
The ginormous, record-breaking buildings being constructed in Swindon
The new Panattoni Park now under construction in Swindon will feature two huge, record-breaking buildings. Europe's largest developer of industrial and logistics real estate has started work on what is the largest project of its kind ever undertaken in the UK. The first phase includes the construction of a 915,000 sq ft speculative logistics building, which is going to be the biggest warehouse of its kind in the country. For comparison, that's the equivalent of approximately 12 football pitches or the size of a shopping mall. This, and the 545,000 sq ft unit under construction nearby, should be completed at some point in the first quarter of 2026. The commencement of work on this enormous facility follows the letting of Panattoni's previous record-breaking development, an 885,000 sq ft unit at Avonmouth. The wider Panattoni site also has detailed planning consent for a plot which is the largest single unit with planning permission in the UK. This centrepiece of the industrial estate measures 1.2 million sq ft, which is the equivalent of around 20 football pitches, is twice the size of the ground floor of Amazon's Symmetry Park warehouse, as big as the largest Lidl warehouse in the world (which is based in Houghton Regis), and roughly the same size as the ExCel London venue. It is available on a pre-let basis and can be delivered within 10 months. James Watson is head of development for Southern England and London at Panattoni UK. He said: 'Having recently leased Panattoni Park Avonmouth, the largest speculative warehouse to have ever been built in the country, I'm pleased to announce we are now commencing construction of an even larger speculative warehouse in Swindon.' Panattoni has spent several weeks demolishing the old Honda manufacturing plant and wider works so that the area can be given a new lease of life. The masterplan for the Panattoni site includes the three previously-mentioned buildings as well as seven more structures sized at 45,000, 60,000, 145,000, 205,000, 330,000 400,000, and 725,000 sq ft, respectively, which will be built as part of future phases which are yet to be detailed. Altogether, this investment of nearly one billion pounds into the transformation of the former Honda site will cover 7.2 million sq ft and hopes to attract £1.2 billion to the economy. It will also feature a community park and hub, a 'linear' park, relaxation areas, miles of trim trails and cycle routes around the area, wildflower meadows, and advanced landscaping.
Yahoo
16-05-2025
- Business
- Yahoo
Planned 5.5-million-square-foot industrial park in southern Berks gets $2.3 million PA grant
The developers behind plans for a 5.5 million-square-foot industrial park in New Morgan have been awarded a $2.3 million state grant to fund the project's utility infrastructure, state officials announced. The grant is part of the first round of Pennsylvania Strategic Investments to Enhance Sites, or PA SITES, grant awards, which invests $64 million in 11 projects across Pennsylvania. The grant's goal is to prepare industrial sites for development, attract new businesses and create hundreds of jobs, state officials said in a release. The $2.3 million grant was requested by equitable landowners and developers Panattoni Development Company, Newport Beach, Calif. It will support the first phase of the Southern Berks Industrial Park project, which involves the construction of a 900,000-square-foot light industrial facility on 107 acres. The project calls for 5.5 million square feet of industrial space across the site's roughly 1,200 acres next to Route 10. State officials note the site is divided into 12 lots and the number of buildings could vary depending on the end user's needs for the lot. The first phase of the project is estimated to generate 450 jobs, with the entire industrial park eventually generating 2,750. Land development plans for the project are under review by state and local officials. When approvals are secured, the estimated construction time for first phase would be seven months, officials said. Panattoni will have to apply again for any grants to support future project phases. New Morgan is home to about 54 residents, according to 2020 data from the U.S. Census Bureau. The borough was established in 1988 from land formerly owned by Bethlehem Steel. Officials said Shapiro secured $500 million in the bipartisan 2024–25 budget for site development, including $400 million specifically for PA SITES. 'The PA SITES program is a first-of-its-kind effort created by Governor Shapiro in response to feedback from national site selectors who said Pennsylvania needs more shovel-ready sites to compete for major business investments,' officials said in the release. So far, 66 PA SITES grant applicants have requested $377 million in funding, officials said, and more awards are expected this year.
