Panattoni Europe, a project developer of logistics properties in Europe, has acquired a 114,510 sqm plot of land located in AirportPark Leipzig-Halle where it will build a 54,400 sqm logistics centre.
The EUR 40 million Panattoni Park Leipzig Airport facililty will be completed by early 2021 the company says. The centre will have a total of 51,000 sqm of hall space, roughly 2,000 sqm of office space and about 3,400 sqm of mezzanine space. The plot is right next to the Leipzig/Halle Airport (LEJ) and has direct access to major motorways.
Panattoni says the seller of the land, the Danish company Airport Development AG, is developing the second construction phase of the AirportPark Leipzig-Halle together with Panattoni Europe. With the exception of a plot of 45,000 sqm, the overall 370,000 sqm of land space is now sold, it says. The sale of the logistics centre will be done through Colliers International Leipzig.
“The Airport Leipzig/Halle is the second-largest freight airport in Germany and fifth-largest air cargo transshipment point in Europe, it serves as the base for the DHL Aviation cargo airlines and it is currently enjoying exponential rates of growth, observes Dieter Vornhagen, chairman of Airport Development AG.
“The airport is considered to be at the heart of global activities for linking logistics concepts. The immediate proximity to production sites of the automobile industry (BMW, Porsche, Audi, etc.) is yet more proof of how attractive the location is. And the excellent transport links to motorways, federal roads and the ultra-modern railway freight facilities just rounds it all off,” adds Vornhagen.
Panattoni Europe’s Fred-Markus Bohne, adds that: “The occupation of logistics centres always brings a huge amount of value creation potential. It means tax revenue, employment and revival of the region. The right property in the right location is a win-win for everyone.”