JLL has successfully advised P3 – the specialist owner, developer and manager of European logistics properties – in the acquisition of warehouse assets in Poland and Romania from CA Immobilien Anlagen AG. The portfolio consists of two logistics parks in Poland and one in Romania, totalling 467,000 sqm of leasable space. The acquisition also included 165 ha. of industrial land, principally in Poland and Romania.
Peter Bečár, Managing Director CEE, P3, said: “P3 has doubled in size over the past year after a number of very large acquisitions in Italy and CEE and is now one of the top logistics providers in Europe. Therefore with this latest investment in Poland and Romania, it was vital to have the support of an agency partner such as JLL, who understood our business strategy and had the expertise and geographic reach to assist us in complex cross-border transactions.”
The park in Błonie is located 27 kilometres to the west of Warsaw’s city centre, and is close to national road 92. The logistics park is also well-served by the A2 motorway (Warsaw-Poznan-Berlin), which is only nine km away, and by fast connections to the north (Gdansk) and south (Katowice) of Poland. The logistics centre comprises a total of 12 modern facilities for rent in Warsaw with a total leasable space of 177,000 sqm. Tenants include Bayer, IBM, Orange, Triumph and Allegro. The second asset, the park near Piotrków also has excellent transportation links. This logistics park is close to two very important routes: the E67 freeway (linking Warsaw with Silesia) and the A1 highway (linking the North and South of Poland). The Park offers 75,000 sqm of warehouse space with Kühne & Nagel, FM Logistic and InPost among its largest tenants.
The Bucharest park is the largest of the three assets acquired by P3 and the largest existing logistics development in Romania. It offers 215,000 sqm of warehouse space and 40 ha. of land for development close to Bucharest. The park is an excellent location for third-party logistics providers and retailers alike – with direct access to the A1 motorway and the close proximity of a dedicated railway with an own terminal, which is part of the 4th Pan-European Transport Corridor. The tenants include Carrefour, Tibbett Logistics, Gebrüder Weis, eMag and Interbrands.
Troy Javaher, Head of Capital Markets CEE, JLL, commented: “We are very pleased to be involved in what is one of the year’s key industrial transactions in Central and Eastern Europe. This is underlined by the high quality of the investment products as well as their strategic locations, with all three logistics parks being well-served by excellent transport infrastructure. This transaction also confirms JLL’s predominant position in the field of industrial transactions across CEE/SEE region”.
Gijs Klomp, Managing Director and Head of Capital Markets, JLL Romania, added: “The entrance of such an important institutional specialist investor and long-term owner on the market confirms the huge potential of the industrial sector in Romania and is tangible evidence that investor appetite for Romanian property is on the rise. The subject transaction is the largest transaction involving an industrial asset ever in Romania and one of the two largest single asset transactions locally since the onset of the financial crisis. The local JLL team involved also included Andrei Vacaru – Head of Research and Consultancy and Cristina Pop – Head of Industrial Agency.”
