Real estate developer Panattoni Corporation have made a €40 million investment in Airport Park Leipzig Halle, the logistics park located 800 metres from Leipzig/Halle Airport.
The investment to create the Panattoni Logistics Center will include acquiring 114,500 sqm of land.
Work will begin in late summer 2019 to create 51,000 sqm of hall space, 2,000 sqm of office space and 3,400 sqm of mezzanine space, with the logistics centre expected to open in early 2021.
Dieter Vornhagen, chairman of the board of Airport Development, which owns and operates Airport Park Leipzig Halle says the business development team are “delighted” with the Panattoni deal.
He says: “This investment is a clear sign of the confidence this world-leading logistics real estate developer has for the Leipzig area and in particular for the prospects moving forward of Leipzig Airport.”
Vornhagen adds: “As a global hub for DHL and surrounded by numerous tier one automotive and other manufacturing clusters, plus a booming consumer population of more than 17 million people living within 1.5 hours, Leipzig Airport is fast being recognised as a major e-commerce cargo airport and one which the logistics industry and freight forwarding community are being drawn ever closer towards.”
The Panattoni announcement follows on from three other major deals secured at the park including Autohof 24 Group, who will build an autostop and trucking park on 45,000 sqm of land.
Max Weishaupt Industries have taken 15,000 sqm of land for development and the leasing arm of Austria’s Raiffeisenlandesbank Oberösterreich have taken up a 28,000 sqm building.
Two buildings measuring 28,000 sqm and 39,000 sqm are available for lease or purchase, which Airport Development says are ideally suited for air cargo, logistics and e-commerce purposes.
A 45,000 sqm plot is also available for development and is ready to be developed at Airport Park Leipzig Halle.