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Name of the deal
EUR 140 million sale of Wrocław Campus (185,000 sqm) by Panattoni to P3 Logistic Parks
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Information about the transaction
Panattoni has sold Wrocław Campus, a 185,000 sqm Logistics Park to P3 Logistic Parks, and sale of this facility confirmed the continued interest of institutional investors in industrial and logistics property.
Sold part of Wroclaw Campus comprised four buildings. It’s situated one of the most established logistics zones in CEE and Western Europe with more than 350 logistics parks comprising 20 million sqm. Wroclaw Campus has a ‘BREEAM Excellent’ sustainability certification. Tenants include ID Logistics, Korean logistics operator Unico Logistics, GEIS, LX Pantos and automotive cable manufacturer Leoni. Currently the number of workplaces provided within the investment account for ca. 600 employees. |
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The date of closing the deal
February 2023
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Value of the transaction (in EUR)
140000000
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Yield
000
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Seller, plus brief information about the company
Panattoni is one of the world's largest privately-owned industrial real estate developers, and has been a leader in Europe since its launch in 2005. The company has 53 offices in North America, India and Europe. Its global portfolio includes over 54 million square meters of completed space for more than 2,500 clients. To date, Panattoni has developed projects across Europe with over 21 million sqm combined of modern industrial space. Clients of company are a.g. Amazon, Fedex, Coca Cola.
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Consultancy which advised Seller
DLA Piper
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Purchaser, plus brief information about the company
P3 is a long-term investor, manager and developer of European warehouse properties in Europe, 100% owned by GIC, the sovereign wealth fund of the Government of Singapore. P3 is focused on providing to customers with a high-class occupancy experience in key locations across the continent. Gross leseable area of P3 in Europe amount 7,6 sqm.
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Consultancy which advised Purchaser
Greenberg Traurig, Gleeds, Cushman & Wakefield, and Delta Simons, PwC Poland
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Financing institution
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Current occupancy level
100
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Please say why this deal should be considered for the award
The transaction value was EUR 140 mln, and it was the biggest deal at CEE industrial real estate market this year. It was also the most valuable transaction on the Polish real estate market without division – twice more valuable the second one (from the office segment). Addiotionaly Wrocław Campus is the biggest project of Panattoni in Lower Silesia Region and one of the most important in CEE region at all.
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