NIBC Bank supports Panattoni with construction loan for logistics development in Kerkrade

NIBC Bank is pleased to announce the successful closing of Project Panattoni Kerkrade, providing a construction loan to support the development of a 35.500 m² logistics centre.

The warehouse will be highly sustainable (BREEAM-NL Excellent) and is expected to be leased during construction. Located in a strategic logistics hub, the project benefits from strong market fundamentals and the presence of leading developers and occupiers in the area, such as Prologis and Intospace.

This transaction marks another collaboration between NIBC Bank and Panattoni the Netherlands, following other successful logistic developments together. It underlines NIBC’s commitment to supporting experienced clients in the logistics sector with tailored financing solutions.

About Panattoni Netherlands

Panattoni, founded 39 years ago in the United States by Carl Panattoni, is one of the world’s largest privately owned developers of industrial and logistics real estate. To this day, Panattoni remains a privately owned family business. Since its founding, the organization has grown steadily. Initially in the United States and Canada, and later expanding into the United Kingdom and Europe.

The company operates 70 offices across North America, India, Saudi Arabia, and Europe, and has been prominently active in the Dutch market since 2019. In addition to providing state-of-the-art storage and distribution facilities, Panattoni offers related services, including asset management and property management.

Sustainability is a key focus of the company, including in the Netherlands. All developments are certified with the BREEAM-NL sustainability label. They are gas-free, and wherever possible, sustainable building materials are used in their development. For each new project, Panattoni explores the optimal use of the roof’s solar potential.