CBRE acquires core Polish logistics portfolio from European Logistics Investment

CBRE Investment Management, on behalf of a client, has agreed on the acquisition of the Nexus portfolio, a 211,803 sqm logistics space located in Poland, from European Logistics Investment, a vehicle jointly managed by Griffin Real Estate, Redefine, and Madison International Realty. The transaction is one of the largest deals in terms of size and value in the Polish warehouse market for 2021.

The portfolio comprises a total of eight buildings across six, Grade A warehouse complexes. This includes Panattoni Park Warsaw Airport I, Panattoni Park Sosnowiec II, Panattoni Park Bydgoszcz II, Łódź Business Centre II, Panattoni Park Poznań V and Panattoni Park Kraków II. All eight properties were developed between 2015 and 2017 by Panattoni in a joint venture with Och-Ziff. The portfolio is 94 percent let to a well-balanced mix of tenants.

“This was a rare opportunity to acquire a well-located, core portfolio of scale in the CEE region, particularly in the resilient logistics sector. The portfolio has a proven leasing history that is further supported by strong occupier market dynamics in Poland more broadly. The fundamentals of its various submarkets are compelling, with all six assets strategically located in the established and further growing logistics hubs in the country,” Harald Flöer, Managing Director at CBRE Investment Management, said.

(WBJ)