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The acquisition of a Central Distribution Centre leased to Leroy Merlin in Piątek

Category: Investment Deal of the Year, CEE

In April 2020 Savills Investment Management has completed the acquisition of a Central Distribution Centre leased to Leroy Merlin in Piątek from Invesco Real Estate. The asset of ca.123,000 sq m is located ca.40km north of Lodz, which constitutes Poland’s prime central logistics location. Leroy Merlin have consolidated their Polish logistics operations into the unit and have committed to occupy the building for 10 years. Leroy Merlin Distribution Centre in Piątek is the largest single storey build-to-suit logistics facility developed in Poland to date, according to Panattoni (data as October 2019).

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