The Polish branch of BNP Paribas Real Estate represented one of the Asian clients of the BNP Group in the acquisition process of a distribution centre in Świebodzin In Western Poland, which was developed by Panattoni. The Korean fund became the new owner. The property with a GLA of 190,000 sqm is fully leased to Amazon, one of the largest e-commerce providers in the world.
BNP Paribas Group provided comprehensive support for the transaction – starting from representing the Asian investor in acquiring an investment opportunity, throughout the technical due diligence of the asset, arranging and providing attractive financing for the investment, to handling the transaction payments.
The financing, of almost €100 million, was granted by a consortium of two banks, with BNP Paribas Bank Polska being the Facility and Security Agent as well as the Account Bank. BNP Paribas Bank Polska provided also escrow services, allowing the parties to settle the purchase price in a safe way.
“We are proud to be a part of one of the largest Polish deals made in 2021. We are also happy to support our Asian clients in their investment in Europe and Poland, offering full scope of services. At the same time, I would like to thank all the parties involved in this very complex process. These past months of hard work performed by many people resulted in a great effect,” said Mateusz Skubiszewski, Head of Capital Markets, BNP Paribas Real Estate Poland.
“This transaction is the effect of BNP Paribas Group’s global presence and its very strong array of competencies that we can provide. I am glad that we can support our clients in new markets, implementing the mission of the BNP Paribas Group – helping to invest in a project that has been developed in accordance with the principles of sustainable development and using many ecological solutions,” said Marek Kowalski, Head of Real Estate Finance, BNP Paribas Bank.
The facility is fully leased to a leading international e-commerce brand and offers over 190,000 sqm of modern industrial space on 4 levels, accompanied by more than 9,000 sqm of office area, accompanied by over 1,000 parking places at the site. The property benefits from excellent transport links of S3 expressway, which provides a connection to the A2 Motorway, allowing the tenant to efficiently distribute goods throughout Poland, Germany and the Czech Republic.
Europe’s fundamental mismatch between voracious housing demand and the limited supply is driving massive investment growth in the residential sector and will continue to generate opportunities even amid geopolitical...