Wrocław Business Park has been acquired by Panattoni from Aviva Investors, the global asset management business of Aviva plc. The seller was represented by the Avison Young investment team throughout the transaction.

Wrocław Business Park comprises two warehouses of ca. 9,500 sqm GLA in total and development land of ca. 10.5ha. It is located at 55 Bierutowska Street in Wrocław, in an established industrial and commercial area within the central part of Psie Pole.

The property is well serviced by public transport by numerous bus lines with bus stops within 5 minutes walking distance from Wroclaw Business Park. Additionally, train station Psie Pole, servicing short and long-distance trains, is situated within 10 minutes walking distance. It enables convenient communication from more distant districts as well from neighboring cities of Wroclaw.

Wroclaw Business Park is currently leased in 100 percent to three tenants: FedEx Express, Topus, and DHL. The final value of the transactions has not been disclosed.

“Industrial market is currently thriving with the total investment volume outperforming results from 2019. Covid-19 pandemic accelerated the rapid development of the e-commerce market. This trend is also reflected in the increase of investments in the city logistics schemes. Wrocław Business Park is a great example of such an asset: in-city location with great accessibility enabling fast transport within the Wroclaw city as well as to many destinations in Poland,” Bartłomiej Krzyżak, Director, Investment, Avison Young, said.

(WBJ)