Panattoni and Marvipol team up

Panattoni Europe and Marvipol are going to establish a joint venture in order to carry out warehouse projects in the Warsaw area, worth about PLN 100 million in total, propertynews.pl reported. The first project may be launched later this year, while completion is scheduled for the last quarter of next year. Marvipol will have a majority stake at a special vehicle company and will be responsible for financing the investment. Panattoni will take care of the commercialization of the new units.