Warsaw Stock Exchange-listed developer Biuro Inwestycji Kapitałowych (BIK) has signed a preliminary agreement for the acquisition of almost 120,000 sqm of land located in Kąty Wrocławskie near Wrocław from Themis Development. The company plans to build a new logistics park project on the site. The value of the planned transaction, which is expected to be finalized by the end of January 2019, is estimated at approximately PLN 12.9 million. BIK has to date completed a total of around 80,000 sqm of warehouse space across Poland, in locations including Kraków and Sosnowiec. The developer is also active in the retail property market.
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