Lost your password?
Don't have an account? Sign Up

Panattoni breaks Ground on First Project in India

Share This News Story:

NEW DELHI : Panattoni, one of the world’s largest industrial real estate developers, announced the groundbreaking ceremony of Panattoni Park NH71 in Delhi NCR. This project will be a state-of-the-art, environment-friendly and a Grade A warehouse park that also marks Panattoni India’s strategic entry into the Indian market. Last December, Panattoni announced the inauguration of this cutting-edge projection in India. Poised to redefine the landscape of warehousing and logistics in India, this groundbreaking announcement signifies the company’s intention to streamline logistics operations.

Panattoni Park NH71 boasts a strategic location on National Highway 352 (formerly NH71) within the Jhajjar district of Haryana. This bustling area positions the park perfectly within a well-established warehousing hub, neighbouring major industrial centres like Luhari and Farrukhnagar. The park itself offers over 32,000 square meters of space, and will be developed on a site area of 66,000 sqm, making it ideal for a wide range of industrial & logistics needs.

The specifications and infrastructure of the park are set to the highest industry standards. The park features plenty of loading bays, floor tolerance, and accommodation to ensure efficient logistics procedures. The infrastructure is well-planned to include ample parking, roads, and a firm focus on sustainability, with 100% wastewater recycling and expansive green cover around the facility. The infrastructure also includes mezzanine office space comprising 3% of the warehouse area along with a compliant fire protection system.

“India is a vital hub for our global operations. We are committed to accelerating our expansion acrossthe country in the coming years. Panattoni Park NH71 serves as our gateway to India’s dynamic industrial market, marking our inaugural venture with the groundbreaking of Phase 1 in Delhi-NCR. This premier warehouse reflects our commitment to offering world-class spaces that empower businesses and drive economic growth”, said Mr. Robert Dobrzycki, CEO and co-owner of Panattoni Europe, UK, Middle East & India.

Commenting on the occasion, Mr. Sandeep Chanda, Managing Director India, Panattoni, said, “Panattoni Park NH71 brings our advanced design and construction expertise to the region. This project will leverage our access to a vast international occupier network, meeting the growing demand from Indian companies for sustainable industrial and logistics real estate. The trends driving this demand, such as increased supply chain efficiency, the surge in e-commerce, and the consolidation of third-party logistics providers, reflect global developments that are now strongly present in India.”

Moreover, Panattoni Park NH71 is expected to generate significant employment opportunities, contributing to the local economy’s growth and development.

About Panattoni India Development Pvt. Ltd.

Panattoni India Development Pvt. Ltd. is a part of the Global Panattoni Group – one of the largest industrial real estate developers in the world. Panattoni is also one of the top-ranking, consistent deployers of institutional and private wealth capital directly in deal opportunities in the European industrial and logistics investment market. Panattoni operates in Austria, Belgium, Czech Republic, Denmark, France, Germany, Hungary, Italy, the Netherlands, Poland, Portugal, Slovakia, Spain, Sweden, United Kingdom + India, Saudi Arabia, United States and Canada. On average, it invests around EUR 8.0 billion a year globally. The commencement of the Indian operations in 2022 marks Panattoni’s entryinto Asia. Headquartered in Bengaluru, Panattoni India also has offices in Mumbai and Delhi.

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. Panattoni’s expertise extends to asset/property management and sustainability certifications. Operating from 36 offices in Europe, India, and globally (56 offices), Panattoni is committed to delivering high-quality, sustainable real estate solutions.

Share This News Story: