Panattoni sells its project 'Panattoni Park San Sebastián'

Panattoni sells its project 'Panattoni Park San Sebastián'

The real estate giant Panattoni has announced the sale of its 'Panattoni Park San Sebastián' project to the national and international transport company Echemar. The logistics development, located in the Lanbarren industrial estate in Oiartzun, Guipúzcoa, has 11,000 square metres built on a plot of 43,000 square metres.

The company acquired the logistics warehouse in 2020 with the intention of selling it at a later date. And, after carrying out an intense decontamination of the plot, it has decided to sell it with the purchase agreement by the Basque transport company, Echemar.

In this sense, Panattoni points out that this operation allows them to improve their operations both in the region and in Continental Europe. It also explains that the decontamination of the plot has been carried out because of its commitment to sustainable development, as well as its strategy, which is committed to caring for the environment.

This is precisely the reason why Panattoni sometimes acquires contaminated land in order to improve it and sell it in optimum environmental conditions. According to the company, this action fulfils its objective of facilitating future sustainable logistics developments, especially in densely built-up areas where there is still a need for more available land.

Gustavo Cardozo, Panattoni's general manager for Spain and Portugal, stated that, "with a production model that is increasingly focused on values such as sustainability and care for the environment, Panattoni has also strengthened its role as an operator capable of adapting and transforming contaminated land into logistics warehouses to optimise its capacity and commitment to the environment. It is for this reason that we are very proud to be able to sell this warehouse, which, after undergoing rigorous decontamination processes, will serve to improve the logistics activity of Transportes Echemar".

For its part, the purchase of this logistics warehouse strengthens Echemar's position in a strategic enclave just a few kilometres from the Irun border. Jose Manuel Echarri, general manager and owner of Transportes Echemar, emphasised that "in these new facilities we will be able to undertake the electrification of our fleet and consolidate our position in one of the most important logistics centres in the north of Iberia, in Lanbarren".

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