BentallGreenOak expands European logistics market with first Polish acquisition

BentallGreenOak, a leading global real estate investment management advisor and provider of real estate services, announced the acquisition of a logistics park comprising three well-located, high-quality warehouses in Gdansk, Poland. This marks the firm’s first investment in the Polish market, as it continues to expand its presence across Europe.

The site was acquired from developer 7R and is located in the TriCity market, which benefits from immediate access to the A1 highway. Two of the three assets are already built and amount to a GLA of ca. 39,000 sqm. The third asset will have a GLA of 10,000 sqm and is currently under construction, with completion expected within the next 6 months. All BREEAM-accredited assets have been developed to the highest standard and can be adapted to meet different tenant needs. Currently ca. 80 percent of the space is leased to market-leading tenants such as Polomarket and InPost.

This latest deal is the 46^th European logistics acquisition that BGO has made in the last year, amounting to a total GLA of 1.75 million sqm. It further strengthens the firm’s reputation as one of the most active players in the European logistics market and is another example of its strategy of acquiring or developing the highest quality logistics assets in the core, proven locations that will benefit from the continued growth in occupational demand.

7R was advised by CBRE and Wolf Theiss. BentallGreenOak was advised by Dentons, CBRE, Baker McKenzie and Gleeds. ING Bank Śląski provided debt financing for the transaction and was advised by DLA Piper.