Acquistion of 5 five logistics parks located in Lodz, Poznan, Sosnowiec, Bielsko-Biala and Rzeszow with the total area c.a 210,000m² let to 28 tenants including Hutchinson, Omega Pilzno, DAMCO and Pekaes.
Name of the deal
Acquisition of the Vale portfolio
The date of closing the deal
05.2021
Value of the transaction (in EUR)
+EUR 120 M
Yield
n/d
Seller, plus brief information about the company
AEW
Consultancy which advised Seller
JLL
Purchaser, plus brief information about the company
The portfolio was acquired by Polish Logistics LLP, an investment vehicle established by Grosvenor Group's Indirect Investment, iO Asset Management and REINO Capital and is managed by REINO IO Logistics.
Consultancy which advised Purchaser
CBRE
Financing institution
BNP Paribas Polska
Current occupancy level
98%
Please say why this deal should be considered for the award
This deal has been done over the pandemic time with no option to meet in person between the Seller and Buyer so fully through TEAMS or other internet tools. It was a second in a raw transaction completed during a pandemic year for REINO IO Logistics platform which was a testament to all the teams involved. The portfolio offered interesting opportunities for growing the platform and after a year is one of the most successful stories how great asset management initiatives can improve the value. We have started certification of the entire portfolio implementing measures to achieve the highest ESG standards across the portfolio”.
