Sale of the Nexus portfolio

European Logistics Investment (ELI), one of Griffin’s investment platforms, has sold the Nexus portfolio of logistics facilities located in Poland totaling 211,803 sqm. This was one of the largest transactions by volume and value completed in the Polish warehouse market in 2021.
The portfolio comprises a total of eight buildings across six, Grade A warehouse complexes. This includes Panattoni Park Warsaw Airport I, Panattoni Park Sosnowiec II, Panattoni Park Bydgoszcz II, Łódź Business Centre II, Panattoni Park Poznań V and Panattoni Park Kraków II. All eight properties were developed between 2015 and 2017 by Panattoni in a joint venture with Och-Ziff. At the time of sale, the portfolio is 94% let to a well-balanced mix of tenants.
Seller, plus brief information about the company Griffin Capital Partners is the largest privately owned investment and asset manager in private equity and real estate in CEE. The gross asset value of Griffin-managed investments across eleven actively managed and three sourced and passively held different platforms exceeds €5 billion, with a total invested equity of over €2.5 billion.
ELI (European Logistics Investment), owned by Redefine Properties, Madison International Realty and Griffin Capital Partners, is a dynamically developing logistics platform for the Polish market. ELI, in partnership with Panattoni, a leading developer of industrial real estate, provides high-quality facilities for businesses in desirable locations around the country. ELI’s current portfolio comprises 27 logistics projects with 44 properties covering a total area of over 1.1 million sqm GLA. This includes 530,000 sqm of standing assets, 208,000 sqm under construction, and a further 370,000 sqm secured in pipeline projects.
Purchaser, plus brief information about the company CBRE Investment Management is a leading global real assets investment management firm with $146.8 billion in assets under management as of March 31, 2022, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2021 revenue). CBRE has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients.
Seller, plus brief information about the company
Griffin Capital Partners is the largest privately owned investment and asset manager in private equity and real estate in CEE. The gross asset value of Griffin-managed investments across eleven actively managed and three sourced and passively held different platforms exceeds €5 billion, with a total invested equity of over €2.5 billion.
ELI (European Logistics Investment), owned by Redefine Properties, Madison International Realty and Griffin Capital Partners, is a dynamically developing logistics platform for the Polish market. ELI, in partnership with Panattoni, a leading developer of industrial real estate, provides high-quality facilities for businesses in desirable locations around the country. ELI’s current portfolio comprises 27 logistics projects with 44 properties covering a total area of over 1.1 million sqm GLA. This includes 530,000 sqm of standing assets, 208,000 sqm under construction, and a further 370,000 sqm secured in pipeline projects.
Purchaser, plus brief information about the company
CBRE Investment Management is a leading global real assets investment management firm with $146.8 billion in assets under management as of March 31, 2022, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2021 revenue). CBRE has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients.
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