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Financial expert about Panattoni Park: New commercial area in Hagen with great potential and high attractiveness.
According to a report from www.wp.de, a project developer is showing plans for a new commercial area on Dolomitstrasse in Lennetal - the “Panattoni Park”. This park is part of a nationwide initiative by the real estate developer Panattoni, which operates several locations in Germany. The planned commercial area in Hagen will include logistics, storage and office space and will be built on an area of 121,000 square meters. Construction is expected to begin in 2024 and be completed by the first quarter of 2025. The planned development of the commercial area offers excellent transport connections to the A45 and A46 as well as local public transport. The developer also attaches importance to sustainability by...
Financial expert about Panattoni Park: New commercial area in Hagen with great potential and high attractiveness.
According to a report from www.wp.de, a project developer is showing plans for a new commercial area on Dolomitstrasse in Lennetal - the “Panattoni Park”. This park is part of a nationwide initiative by the real estate developer Panattoni, which operates several locations in Germany. The planned commercial area in Hagen will include logistics, storage and office space and will be built on an area of 121,000 square meters. Construction is expected to begin in 2024 and be completed by the first quarter of 2025.
The planned development of the commercial area offers excellent transport connections to the A45 and A46 as well as local public transport. The developer also attaches importance to sustainability by planning photovoltaic systems and rainwater harvesting. Despite various positive aspects, there is criticism regarding the lack of jobs. It is emphasized that modern logistics areas can also help surrounding companies give up or downsize their own logistics areas in order to relocate them to the new location. This would in turn create free capacity for expansion. The proximity to railway tracks makes the area particularly interesting, as it is important to route freight traffic beyond just the roads.
The planned development of Panattoni Park in Hagen is part of the company's larger strategy to create new spaces in Europe. The company has already launched more than 120 projects in Germany and focuses more than 85 percent on brownfield revitalization. The development of the commercial area in Hagen could therefore have a positive impact on land development in the region and support economic activity.
As www.wp.de reports, the development of Panattoni Park will create new jobs and revitalize unused areas in the coming years. It remains to be seen which companies will move into the new park and how the development will impact the region's economy and real estate market.
Read the source article at www.wp.de