Panattoni builds 50 million mega logistics park in Valongo

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The North American group emphasizes that Panattoni Park Valongo is “the largest investment in the sector in Northern Portugal”. Logistics park represents an investment of 50 million euros.

The North American company Panattoni chose Valongo to build the first logistics park in Portugal, Panattoni Park Valongo, which represents an investment of 50 million euros. The building, which is already under construction, will be the largest logistics project in the north of the country.

Panattoni builds 50 million mega logistics park in Valongo

“We are delighted to lay the foundation stone for our project in Portugal. We have made the largest investment in the sector in northern Portugal, demonstrating our short and long-term commitment to the country. This is the first of many more to come,” said Gustavo Cardozo, managing director for the Iberian Peninsula, in a statement.

The logistics center located in the industrial area of Campo will have two warehouses of 27,000 and 47,000 square meters with office area, for industrial or logistics use, and which can be leased to one or several tenants. The asset is already in the marketing phase, “with very competitive rental values”, points out the promoter.

The development will have 140 loading bays in the two warehouses and 35 meters of maneuvering space for trucks, as well as a parking lot with 506 spaces and also 137 spaces for trucks.

Mayor of Valongo, José Manuel Ribeiro
Mayor of Valongo, José Manuel Ribeiro

“This huge investment by Panattoni, the largest company in the sector in Europe, is a sign of recognition of the strategic location of the municipality of Valongo, as well as a strong sign of hope for more development, more wealth creation and more jobs. It means in practice that we are a good territory to invest. We are very proud to have attracted an investment of this size that will increase our competitiveness, and will surely bring more investments and jobs”, said the Mayor of Valongo, José Manuel Ribeiro, at the ceremony that marked the start of construction.

The project will have the Breeam ‘Very Good’ sustainable construction certificate. A photovoltaic plant will also be installed, as well as a low-energy LED lighting system and electric chargers to supply clean energy to the electric vehicles used for last-mile deliveries.

Panattoni builds 50 million mega logistics park in Valongo

Panattoni was founded in 1986 in the US and bills itself as “the world’s largest private industrial developer”. It has 53 offices in North America, India and Europe, where it has been present since 2005. In addition to Poland, it has offices in Slovakia, Hungary, Austria, Portugal, Germany, Czech Republic, France, Sweden, Italy, United Kingdom, Netherlands, Belgium, Denmark and, from March 2020, in Spain. Since its creation, the group has developed projects in Europe totaling more than 20 million square meters of logistics space.

Amazon, Arvato Services Polska, Coty Cosmetics, DSV, H&M, Intermarché, Leroy Merlin, GXO, Still, Schenker, Selgros and Tesco are some of the main clients of the US group.

Panattoni builds 50 million mega logistics park in Valongo

Savills was the real estate consultant responsible for the transaction of the approximately 150,000 square meter plot. “We are pleased to be part of this process that will place Panattoni’s first logistics park in Portugal. Located about 25 minutes from the center of Porto, this asset presents itself as a differentiating solution for companies that need A grade logistics space in Porto”, underlines Pedro Figueiras, head of industrial & logistics at Savills Portugal.

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