Kajima Europe has successfully completed the sale of a logistics hub in Zgorzelec, Poland, which it held in a joint venture with Panattoni, to the Arete Investment Group.
Kajima Europe is a London-based pan-European real-asset investor, developer, and manager with a portfolio of around GBP 10 billion assets under management. The company operates in six sectors: offices, logistics, residential, social infrastructure, regeneration, and renewable energy.
The Zgorzelec logistics hub, which is located near the German border along the A4 highway, is split across two buildings totaling 65,000 square meters, and currently houses two institutional tenants in the global logistics and healthcare equipment sectors on long-term leases.
Jan Trybulski, Investment Director and Head of Poland at Kajima Europe, said: “The Zgorzelec scheme is an example of a high-end, sustainable warehouse developed in a strategic location in Poland. The sale of this scheme demonstrates liquidity in the Polish market and shows demand for high quality logistics is strong despite more challenging economic environment.”
“The transaction, finalized within two months from its start, serves as the best proof of our assets’ attractiveness and of the investors awareness of entering into the next phase of the cycle,” said Panattoni Head of Asset Dispositions Michal Stanislawski. “Investors’ appetites for top-quality assets is growing rapidly in response to decreasing cost of finance.”
“This disposal marks another success for the company in the Polish industrial real estate market, confirming increasing investor interest in properties that offer not only prime locations and excellent operational characteristic for the tenants but also modern and eco-friendly solutions supporting growth strategies,” Stanislawski added. “Panattoni consistently delivers such assets.” says Michał Stanisławski.