REINO-IO, an entity established by REINO Capital, a holding company listed on the Warsaw Stock Exchange, and IO Asset Management (IO), a specialized industrial asset manager, expanded its managed portfolio with five top-quality logistics parks in Poland. The purchase from AEW was made through the Polish Logistics LLP vehicle for the international real estate company Grosvenor Group.
Five logistics parks located in Łódź, Poznań, Sosnowiec, Bielsko-Biała, and Rzeszów with a total area (GLA) of 209,000 sqm are leased to 28 tenants, mainly from the retail, light industry, and specialized logistics sectors. Among them, the most important are large, stable entities such as Hutchinson, Omega, Pilzno, DAMCO, and Pekaes.
“The acquired portfolio has an appropriate scale and profitability. They mainly consist of facilities built specifically for specific tenants in the best locations in Poland. The portfolio offers strong geographic diversification in five top logistics areas and an attractive diversification of revenues, “ Angus Scott-Brown, managing partner of IO, said.
“The logistics market in Poland is particularly attractive due to its location, size, and growth potential. Its strategic location and the ability to service the entire Western and Eastern Europe, labor costs, which are among the lowest in developed countries in Europe, rail connection with China, and access to seaports make it a very interesting investment target for us,” he added.
The acquisition of a portfolio of five logistics parks is the second investment of Polish Logistics LLP after the acquisition in June 2020 of Logistic City in Piotrków, which includes 135,000 sqm of built and leased space and development land with a potential for another 300,000 sqm of the area planned for selected tenants.