Newport to finance Panattoni's new park
Newport Logistics has secured the financing of the Panattoni Park Ennshafen in Upper Austria. Under the Newport Logistics Fund II, the company intends to raise EUR 100 million for investments in Western Europe.
The construction phase of the park will begin in 2024. Panattoni Park will cover an area of 42,000 sqm and will be easily accessible by water, rail and road. Units of 3,000 sqm will be available for lease.
This is Newport's second fund. The first fund raised EUR 50 million. This capital is already invested in three projects.
"The great success of the first fund makes us optimistic for Newport Logistics Fund II and the launch of the Panattoni Park Ennshafen project confirms that we are not slowing down. We are already planning our next investment in France," said Szymon Ostrowski, managing director of the fund. (mk)
https://newportlogisticsfund.com