Jury Awards

Panattoni, Europe’s largest developer and deployer of institutional capital in the industrial and logistics real estate sector, has completed the EUR 160 million sale of a portfolio of five fully-let logistics parks in Poland covering a total of 230,000 sqm GLA, to a North American real estate investment manager buyer.

Three of the logistics parks are located in Warsaw; one close to the city’s airport and two in the west of the Polish capital. A fourth is situated in Poznan East, strategically located between Warsaw and Berlin on the A2 highway, and another near the city of Radom in central Poland, 100 kms to the south of Warsaw.
The total value of completed warehouse investment transactions in Poland in the first quarter of 2022 stood at EUR 1.7 billion, according to research from agent CBRE. While lower than the previous three-month period, this was the third-highest start to a year since 2016. Although the war in neighbouring Ukraine and rising inflation have unsettled investors, demand from occupiers remains robust and the dip in deal volumes since the end of last year, was more the result of the lack of appropriate product than a waning interest in industrial and logistics assets. CBRE also predicted that the average Polish industrial and logistics transaction yield of 4.35% at the end of the first quarter would remain stable in coming months, buoyed by the market’s resilient underlying fundamentals.