EUR 160 Million Portfolio Sale of Five Logistics Parks in Poland

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.
Seller, plus brief information about the company Panattoni is one of the largest industrial real estate developers in the world with 45 offices across North America and Europe - where it has been present since 2005. Panattoni is also one of the top-ranking deployers of institutional and private wealth capital directly in deal opportunities in the European industrial and logistics investment market, investing on average annually around EUR 8.0 billion globally. The company is headquartered in Poland, and has offices across Europe in Germany, the UK, the Czech Republic, Slovakia, the Netherlands, Spain, Portugal, France and Sweden. Since inception, Panattoni has developed more than 14 million sqm of modern industrial space across Europe. Panattoni also specialises in developing build-to-suit projects specifically designed to fulfil the requirements of individual tenants. Clients include Amazon, DB Schenker, DHL, Fedex, DPD, XPO, Coca Cola, Weber, Whirlpool, Bosch, Volkswagen and H&M.

Purchaser, plus brief information about the company n/a
Seller, plus brief information about the company
Panattoni is one of the largest industrial real estate developers in the world with 45 offices across North America and Europe - where it has been present since 2005. Panattoni is also one of the top-ranking deployers of institutional and private wealth capital directly in deal opportunities in the European industrial and logistics investment market, investing on average annually around EUR 8.0 billion globally. The company is headquartered in Poland, and has offices across Europe in Germany, the UK, the Czech Republic, Slovakia, the Netherlands, Spain, Portugal, France and Sweden. Since inception, Panattoni has developed more than 14 million sqm of modern industrial space across Europe. Panattoni also specialises in developing build-to-suit projects specifically designed to fulfil the requirements of individual tenants. Clients include Amazon, DB Schenker, DHL, Fedex, DPD, XPO, Coca Cola, Weber, Whirlpool, Bosch, Volkswagen and H&M.

Purchaser, plus brief information about the company
n/a
Panattoni-23

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