Purchase of Warsaw Green Logistics portfolio in Warsaw by Peakside and Partners Group
CATEGORY
Investment Deal of the Year, CEE
A joint venture (“JV”) between Partners Group, a leading global private markets firm and investment manager Peakside Capital Advisors AG with a group of additional third-party co-investors has acquired a portfolio of warehouse properties. The portfolio is located in and around Warsaw and will represent approx. 150,000 sq.m. of modern logistics space once repositioned. The JV is planning to refurbish and redevelop the properties to create high-quality, efficient logistics and warehouse space with robust ESG credentials. The facilities are ideally located to serve the needs of occupiers from the e-commerce sector, which is underpinned by strong structural tailwinds. The assets will be rebranded and include:
- City Point Targówek, a logistics park at 14 Matuszewska Street in the Warsaw district of Targówek
- Logistics Point Raszyn, a logistics park at 10 Sokołowska Street in Raszyn
- Logistics Point Piaseczno, a facility at 13 Raszyńska Street in Piaseczno
All new facilities are to receive BREEAM excellent certifications. The City Point Targówek is located only 9 km from Warsaw’s city center, making it a destination of choice for parcel service providers and other occupiers seeking urban logistics space. It will feature small business units, space to accommodate light production, built-to-suit facilities and modern office space. The park will be re-developed over several stages to offer 90,000 sq.m. of space upon completion.
Works to refurbish the existing buildings at Logistics Point Piaseczno and Logistics Point Raszyn are slated for a later date. Logistics Point Raszyn offers two warehouses with a combined GLA of 31,000 sq.m. It is conveniently located near an exit of the S8 expressway, just 15 km south-west of Warsaw city centre. Logistics Point Piaseczno will be expanded to provide 25,000 sq.m. of GLA in two facilities. The park is located close to national road 79 and the Nowa Iwiczna railway station, only 16 km south from the capital’s center.
Name of the deal
Purchase of Warsaw Green Logistics portfolio in Warsaw by Peakside and Partners Group
The date of closing the deal
February 2022
Value of the transaction (in EUR)
NDA
Yield
NDA
Seller, plus brief information about the company
NDA
Consultancy which advised Seller
NDA
Purchaser, plus brief information about the company
Partners Group is a leading global private markets firm. Since 1996, the firm has invested over USD 170 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN).
Peakside Capital Advisors AG is a European investment manager. The private-equity company manages assets worth over EUR 1.4 billion on behalf of institutional investors. The firm employs a team of more than 30 professionals in its offices in Frankfurt, Zug, Warsaw, Prague and Luxembourg.
Consultancy which advised Purchaser
In the transaction, the JV was advised by the lawyers Marta Bijak-Haiduk, Jan Bagatela, Konrad Bisiorek, Dominik Górski and Dominika Sulak- Seyfried. Other advisory services were provided by Deloitte, Gleeds and JLL.
Financing institution
Bank Pekao
Current occupancy level
NDA
Please say why this deal should be considered for the award
The acquisition of three logistics facilities located in the Warsaw agglomeration by Partners Group and Peakside Capital was, in terms of investment volume, the largest transaction completed in 1Q 2022 in the warehouse sector. The acquired facilities will be consistently modernized and adjusted to the latest ESG standards. State-of-the-art logistics parks will be created in line with the principle of sustainable development. Buildings will be certified for their environmental performance. The renewable energy will be assured through the installation of photovoltaic systems. Particular emphasis will be placed on the aspect of "green" solutions and energy efficiency. There will be green walls with irrigation systems and green roofs over the office and social areas, as well as flower meadows and green areas with preserved biodiversity. The highest quality offer in the area of city logistics will be prepared.
