Thursday, July 9, 2020
Home News Warehousing, logistics and industrial Linklaters advises Griffin Real Estate on the EUR 52 million sale of...

Linklaters advises Griffin Real Estate on the EUR 52 million sale of two logistics buildings

Linklaters has advised Griffin Real Estate (acting on behalf of Redefine Properties, a leading South African Real Estate Investment Trust) on the sale of two A-Class logistics buildings with the total area of almost 77,000 sqm. The transaction also included the sale of plot of land on which a new warehouse building with the area of 22,407 sqm. is going to be developed. The buyer, Tritax Eurobox is a British investment company dedicated to Continental European logistics real estate. The value of the transaction amounted to ca. EUR 52 million.

Stryków, near Łódź in central Poland, is one of Poland’s largest logistics markets and a key logistics hub in the Central and Eastern European region. The centre is popular amongst blue-chip tenants due to its beneficial location in proximity to the intersection of the A1 and A2 motorways.

Jędrzej Pałka, associate from Linklaters’ Warsaw Real Estate Team, executed the deal, with the support of junior associates Małgorzata Szafrańska and Mateusz Korecki. The overall supervision over the deal was provided by Linklaters’ Warsaw managing partner Artur Kulawski.

Most Popular

Manufacturing sector reshoring, diversifying and holding inventory amid pandemic

As the manufacturing sector begins to reopen around the world, new trends are emerging in response to the global COVID-19 pandemic, according...

Q1 2020 sees prime industrial and shopping centre yields converge for first time ever

According to Savills, the average spread between prime industrial and prime shopping centre yields across mainland Europe has converged for the first...

Prologis raises bar on ESG performance after exceeding targets in 2019

Prologis, a global leader in logistics real estate, raised standards in environmental stewardship, social responsibility and governance (ESG) across its global platform...

Globalworth has leased over 25,000 sqm during the pandemic

Globalworth's portfolio in Romania has been consolidated by the prolongation and/or the extending of the lease contracts for a period of 3...