Indian headquarters established in Bengaluru, the capital and largest city in the southwest state of Karnataka, led by Sandeep Chanda – Managing Director India, Panattoni. Primary focus of growth is on the top eight Indian cities in the next few years; followed by expansion into tier-2 markets in the second phase of expansion. With a dynamic and flexible ‘open-book’ development model and a well-diversified global institutional investor capital partner base, Panattoni India aims to launch 2-3 projects by end-2023 involving an initial investment of $200 million (€193 million).
Panattoni, one of the world’s largest industrial real estate developers, 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 southwest state of Karnataka. Panattoni India is led by Managing Director, Sandeep Chanda, formerly head of strategy & acquisitions at Embassy Industrial Parks.
The company 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 (€193 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 are also plans to set up in Delhi to reinforce Panattoni’s presence in the major metropolitan centres.
Robert Dobrzycki, CEO & Co-owner, India
Indian headquarters established in Bengaluru, the capital and largest city in the southwest state of Karnataka, led by Sandeep Chanda – Managing Director India, Panattoni. Primary focus of growth is on the top eight Indian cities in the next few years; followed by expansion into tier-2 markets in the second phase of expansion. With a dynamic and flexible ‘open-book’ development model and a well-diversified global institutional investor capital partner base, Panattoni India aims to launch 2-3 projects by end-2023 involving an initial investment of $200 million (€193 million).
Panattoni, one of the world’s largest industrial real estate developers, 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 southwest state of Karnataka. Panattoni India is led by Managing Director, Sandeep Chanda, formerly head of strategy & acquisitions at Embassy Industrial Parks.
The company 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 (€193 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 are also plans to set up in Delhi to reinforce Panattoni’s presence in the major metropolitan centres.
