The Trademarc logistics platform, co-owned and managed by Griffin Capital Partners, has sold a 37,590-square-meter Built-to-Suit warehouse in Teresin, near Warsaw, to an unidentified buyer.
Financial terms of the deal (originally reported by CEE Real Estate Matters on August 26, 2024) were not disclosed.
According to Trademarc, “the warehouse, developed in phases, initially delivered 24,800 square meters of space in June 2021, with an additional 12,790 square meters completed last year, underscoring the tenant’s commitment to this strategic location. The property is fully leased to a distributor of globally recognized FMCG brands, small household appliances, and HoReCa products, and has been tailored to the tenant’s specific needs.”
“The logistics market in Poland remains resilient despite temporary setbacks in the overall economic performance of the European Union,” commented Auri Benatar, Executive Director at Trademarc Property Fund. “As one of the fastest-growing markets in Europe, Poland offers state-of-the-art and sustainable logistics facilities, attracting both reputable tenants and investors alike. BTS Warsaw West, developed to the specific needs of the tenant, also meets rigorous environmental and technological standards. We remain confident about the future prospects of the Polish industrial and logistics market and will continue to screen the market for new attractive investment opportunities.”
Łukasz Toczek, Senior Vice President, Investments at Griffin Capital Partners, added that: “By carefully monitoring the Polish market, we see numerous new, attractive investment opportunities emerging. Therefore, we are altering our strategy towards divesting stabilized and yielding assets and converting the proceeds into new projects that reflect a new market equilibrium point. The logistics and warehouse sector remains highly attractive, offering significant growth and profit potential for our investors.”
The project, which was developed in collaboration with Panattoni, has received a BREEAM certificate at the Very Good level.
The Rymarz Zdort Maruta law firm advised Trademarc on the deal, with the SKJB Szybkowski Kuzma Jelen Brzoza-Ostrowska law firm advising both Trademarc and Panattoni.
