Thursday, July 9, 2020
Home News Investment Market Panattoni sells five logistics parks to Asian investor

Panattoni sells five logistics parks to Asian investor

Panattoni, European leader in industrial real estate, sold a portfolio of five logistics parks in strategic locations totalling 280,000 sqm to an Asian investor. This marks the Asian investor’s first investment in Poland and the transaction was handled by Savills Investment Management.

The parks occupy strategic locations in Poland – Warsaw (Panattoni Park Warsaw North, Panattoni Park Warsaw South), Silesia (Panattoni Park Silesia I), Poznan (Panattoni Park Poznań IV) and Szczecin (Panattoni Park Szczecin II). Following the transaction, Panattoni will stay on as the facility manager at all the properties included in the portfolio.

The disposal by Panattoni reflects current market trends, particularly the interest from Asian investors in Central and Eastern Europe. According to Robert Dobrzycki, CEO Panattoni Europe: – “Investor appetite for logistics and industrial assets continues to grow across Europe, and particularly in Poland given its economic and locational advantages. For Panattoni, this is a very important portfolio deal as we have managed to put together (with our various investors) one of the best portfolios of logistics parks in key markets. Additionally, and not for the first time, when selling our projects, we are staying on as facility managers.”

The transaction also commended Jon Crossfield, Head of Strategic Partnerships in Europe from Savills Investment Management: “We are delighted to have advised the Asian investor on their first acquisition in continental Europe and achieving an important first step in building a large, diversified pan-European logistics portfolio. We look forward to building on it in 2020 and are already considering a number of opportunities in other countries. The acquisition meanwhile takes our assets under management in Poland to over EUR 1.3 billion, with a further EUR 250 million in exclusivity in the country,“ he said.

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...