Newport Logistics Fund Invests in Panattoni Park Ennshafen

The Newport Logistics Fund is launching its second fund and is accompanying the Panattoni Park Ennshafen through the entire real estate development cycle. As part of the Newport Logistics Fund II, the company aims to raise 100 million euros for investments in Western Europe. The construction phase of the first financed project in Upper Austria will start in 2024.

(Hamburg/Ennshafen) The new building with an area of 42,000 m² will be constructed in an optimal location near the city of Linz in the Ennshafen industrial area. The location is excellently connected to European economic centers through the Rhine-Main-Danube waterway, the railway network with a container terminal, and its proximity to the federal road B1 and the A1 motorway.

The park is being developed in the established Ennshafen industrial area on a site of 42,000 m², including 35,000 m² of hall space, 3,000 m² of office space, and 3,000 m² for mezzanine areas. Additionally, there is the possibility to rent smaller units of up to 3,000 m², providing excellent development opportunities for small and medium-sized enterprises in the region.

Site Selection Based on Business Potential

“Our previous experiences confirm that it is worthwhile to invest in Panattoni’s projects. As a European market leader, the company carefully selects the locations of its parks based on business potential, and Upper Austria is a valued region in this regard. The high degree of sustainable construction in the Ennshafen park enables companies to achieve climate goals quickly and efficiently,” says Szymon Ostrowski, managing director of the fund.

The project aims for DGNB certification according to Gold Standard. Extensive sustainability measures are being implemented, such as the installation of photovoltaic systems on the building roofs and the use of district heating or heat pumps. Green spaces will be created on the outdoor area, and employees will have access to a well-developed cycling infrastructure, charging stations for electric cars, and public transport.

Newport Logistics Fund is now reviving a second fund after a successful initial phase. The first fund was able to raise 50 million euros from investors in Western Europe, the USA, and the United Arab Emirates within ten months. The capital has already been fully invested in three projects, offering investors a diversified portfolio of assets. The first financed project of the Newport Logistics Fund I was a distribution center in central Poland’s Zgierz, near the A2 motorway, which connects Warsaw with Berlin, among others. The construction project includes two buildings with a total area of 33,500 m². The first building is already completed and fully leased to the logistics company DPD. The second project is located in Almere near Amsterdam and has a total area of 23,400 m². The third project is situated in close proximity to London Heathrow Airport and has a total area of 7,500 m².

Next Investment in France

“The great success of the predecessor fund makes us optimistic for the Newport Logistics Fund II, and the launch of the Panattoni Park Ennshafen confirms that we will not slow down. We are already planning our next investment in France,” summarizes Szymon Ostrowski.

Photo: © Panattoni