Real estate company Hines has, acting on behalf of South Korean investors represented by IGIS Asset Management, acquired the Zalando Lounge distribution center located near Olsztynek in north-eastern Poland. Hines will be the asset and property manager of the built-to-suit center, which was completed in January this year. The property comprises 120,000 sqm of warehouse space, which is fully leased out to e-commerce company Zalando. The acquisition was financed by bank PKO BP.
(Warsaw Business Journal)