Trigea acquires another city logistics park in Poland

Trigea nemovitostní fond announced acquiring City Logistics Wrocław II, an urban logistics park developed and managed by Panattoni. The asset is the second city logistics investment in Poland in Trigea’s portfolio.

City Logistics Wrocław II is another example of Panattoni’s capabilities in delivering excellent urban logistics facilities across the main cities in Poland. The distribution park comprises two class A warehouse buildings totalling above 38,000 sqm. City Logistics Wrocław IIis 100 percent let. The asset features energy-saving and environment-friendly solutions, compliant with the requirements of BREEAM “Very Good” certification.

After the acquisition of Panattoni park in Gdynia, Wroclaw was a logical step to expand our presence in city logistics. We strongly believe that this type of assets will help to create significant value for our shareholders in a long run – said Ing. Tomáš Trčka, Chairman of the board Trigea nemovitostní fond, SICAV, a.s.

Panattoni has already delivered approx. 400,000 sqm in urban developments. Locations close to the end customer provide an excellent platform for last-mile logistics. Urban facilities work well not only for standard operations, but also for companies that move their showrooms, laboratories, R&D or accounting departments, and even their headquarters to them. Modern space attracts tenants from dozens of industries, so the portfolio within the City Logistics segment will grow all the time, becoming an attractive asset for investors – stated Damian Stężycki, Head of Capital Markets Poland at Panattoni.

Cushman & Wakefield assisted the purchaser in this transaction.

In a changing market environment, prime real estate is the one to hold the best value long-term. City Logistics Wrocław II is a great example of such a select, city logistics asset, making an excellent addition to the client’s portfolio – concluded Bartłomiej Sutkowski, Associate, Capital Markets, Cushman & Wakefield.

The purchaser was also assisted by Baker McKenzie, Greenberg Traurig Nowakowska-Zimoch Wysokiński, and Sentient. The seller was assisted by SKJB Szybkowski Kuźma Jeleń Brzoza-Ostrowska and Thedy & Partners.

The parties agreed not to disclose the value of the transaction.