Panattoni sells Hamburg logistics property to JP Morgan and Cromwell JV

Panattoni has sold its fully leased logistics park in Hamburg, Germany, to a joint venture between J.P. Morgan Asset Management and Australia-based Cromwell Property Group.

Strategically located to the north of Hamburg in one of the strongest economic regions in the country, Panattoni Park Hamburg consists of five halls plus externally leased parking spaces totaling 80,163 square meters (862,867 square feet) with Gold certification from the German Sustainable Building Council (DGNB) in recognition of its sustainable, energy-efficient design.