Panattoni debuts in Asia with its first operations in India

Panattoni has marked its debut in Asian markets with the opening of its first operational headquarters in India, located in Bengaluru, the capital and largest city in the state of Karnataka.

Panattoni India is led by Sandeep Chanda, managing director, who formerly was head of strategy & acquisitions at Embassy Industrial Parks.

Panattoni plans to introduce its “open book” transparent business model of partnering with global institutional investors to facilitate the deployment of capital in direct investments in the fast-expanding Indian industrial and warehouse market. Panattoni’s initial focus of growth is on the top eight Indian cities, and it aims to launch its first two to three projects by the end of 2023 involving an initial investment of $200 million. The second phase of expansion in Tier 2 markets will follow. The opening of the Bengaluru HQ was preceded by a first Indian office in Mumbai, and there also are plans to set up in Delhi to reinforce Panat