It deregistered its local subsidiary four years ago, in March 2021, six years after announcing entry in Romania. Muler Onofrei served as managing director of Panattoni Development Europe, the company deregistered in March 2021 and is now managing director of Summit View.
Panattoni’s list of potential acquisitions includes the Danubiana site in Popesti Leordeni, 16,000 square meters in all. Moreover, the sources say Panattoni is looking for someone to run its future local company. Among the potential names considered could be Ana Dumitrache, who used to run CTP Romania and left it at the end of 2023 and one of the most experienced executives on the local industrial space market. The reason for Panattoni’s return to Romania is the liquidity of the local market and the demand for buying industrial projects. Panattoni’s model is similar to Skanska’s on the office space market – it buys land, builds, leases and sells to fund new developments. (English version by Loredana Fratila-Cristescu)
Real Estate
Panattoni Looking To Reestablish Romanian Operations
The significant growth on the logistics and industrial space market, along with the high appetite of investors for projects, could make the US-held Panattoni return to Romania for development, market sources say.