KKCG acquires industrial portfolio for €41 mln

Image: Axi Immo

Czech investor KKCG Real Estate has bought a portfolio of five BTS industrial facilities located across Poland for approximately €41 million. The properties – which are located in Lower Silesia, Lubuskie voivodship, Łódzkie voivodship, Wielkopolskie voivodship and Kujawsko-Pomorskie voivodship – comprise a total of around 54,500 sqm. Each of them is leased out on a long-term basis to a single tenant (with most of the tenants coming from the automotive sector).

Axi Immo advised the buyer for whom the transaction marks the first acquisition in Poland’s industrial property market. KKCG plans further purchases in the country. “We are going to build a strong and stable industrial portfolio in Poland and invest up to CZK 3 billion. Poland is a wide and stable market with growing demand for warehouse and production space. What is also important, the market offers more attractive yields in comparison to neighboring countries,” said Markus Dvorak, head of IMP, the fund manager for KKCG in CEE.

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