CBRE Global Investors acquires final phases of Ideal Idea Logistics Park in Warsaw
CBRE Global Investors, on behalf of its investors, has acquired the final phases of Ideal Idea Logistics Park, Warsaw, Poland. The vendor was an investment fund managed by BPH Towarzystwo Funduszy Inwestycyjnych S.A. (BPH TFI SA).
The 10,127 sqm buildings are designed to meet the requirements of small to medium sized occupiers, consisting of both high quality warehouse (6,147 sqm) and office space (3,980 sqm). It is located at the heart of Zone 1 of Warsaw’s logistic market, only 1.5 km from Warsaw’s International airport. With a high number of international companies basing their headquarters in this zone, there is a high demand for warehouse/office space.
CBRE Global Investors acquired the first phases of Ideal Idea in December 2014. This initial acquisition comprised a total of 30,596 sqm across four properties.
John Mulqueen, Head of EMEA Transactions, CBRE Global Investors, commented: “The number of investment prospects for logistics buildings is very limited in this location, making this acquisition a rare opportunity that we were very pleased to secure. Now that we have completed on both phases of the park, we benefit from a dominant position on the leasing market. We plan to optimise the occupancy level of these logistic centres to generate stable and attractive cash flows for our investors.”
Gregorz Ryszka, Head of CEE Transactions, CBRE Global Investors, added, “Over the last couple of years the logistics/industrial sector has become a very important asset class in Poland and demand for this kind of investment remains very strong.”