Valad sells logistics park to P3

Valad Europe has completed the sale of Błonie Business Park outside Warsaw to P3 Logistic Parks, Eurobuild CEE informed. Karol Pilniewicz, the CEE head of Valad Europe, has commented: "This sale is in line with our business plan for the assets and strategy of the portfolio. Following our acquisition of the CEIF portfolio from Aviva Investors earlier this year, we have identified some assets in Poland, the Czech Republic, Romania and Hungary which we will look to trade over the next twelve months." The asset forms part of Valad's Central European Industrial Fund portfolio. The 20,477 sqm business park was constructed in 2001 and as well as logistics space contains ancillary offices. It is located in Blonie, 15 km west of Warsaw city center, with access to national road 92 (the Berlin-Warsaw-Moscow link road) and the new A2 motorway between Warsaw and Berlin.