Hillwood sells 450,000 sqm portfolio

Real estate development company Hillwood has confirmed in an e-mail sent to Eurobuild CEE that it has agreed to sell a 450,000 sqm portfolio of warehouse and industrial properties to CBRE Global Investors across Germany and Poland. The transaction, which will give CBRE GI properties in Bielsko-Biała, Gdańsk, Warsaw and Wrocław as well as in Germany, has yet to be approved by UOKiK, Poland’s competition authority. Hillwood will still keep a large part of its current portfolio of properties across Poland and Germany in line with its European long-term investment strategy. The company also intends to use the proceeds from this transaction to invest in new warehouse properties in Poland, Germany and other European countries.