About Panattoni
Panattoni is the largest developer of logistics facilities in Europe. The company has delivered 57m sq ft of new build industrial space in the last two years, representing a product value approaching £6bn.
The context
As the largest player in their field, workflows can get complex. Particularity when collaborating with multi-jurisdictional teams and negotiating with bidders to close deals.
When talking to Sterling, Panattoni recognised the opportunity to streamline and optimise their asset disposal process by working with a widely used, and industry proven Virtual Data Room partner.
the challenge
Panattoni was looking for a way to securely share large amounts of data internally, with external advisors and Bidders. Processes needed to be standardised and automated. Using Sterling’s secure virtual data rooms, they were able to cut out manual processes and drive deal values.
The Result
The use of Sterling’s VDR meant that they could:
- Reduce the risk of potential mistakes
- Free-up time for the deal team to focus on their projects
- Increase capacity to work on more deals at once
- Avoid any IT issues and subsequent delays
“We are very happy with Sterling, working through their VDR allowed the team to focus entirely on the deal and not the technology. The tools are easy and intuitive to use and helps to keep the focus on the deal progress.”
Michal Stanislawski, Panattoni Europe