Trigea enters Polish logistics market

Panattoni Tricity North is the developer’s fifth warehouse park in Tricity and the first in the vicinity of Gdynia and the nearby port. The distribution park comprises a single class A warehouse hall totalling close to 46,000 sqm. Panattoni Tricity North is 100 percent let. The facility features above the standard number of docks, ground-level access gates, spacious service yards, as well as energy-saving and environment-friendly solutions, compliant with the requirements of BREEAM “Good” certification.

“Logistics has been one of the most appealing asset classes over the past couple of years. We are excited to expand our portfolio in this direction and we believe that this asset is a perfect fit for Trigea” said Ing. Tomáš Trčka, Chairman of the board of Trigea nemovitostní fond, SICAV, a.s.

Cushman & Wakefield was assisting the purchaser in this transaction. “First, I would like to congratulate Trigea on its successful expansion onto the Polish logistics market and thank the client for entrusting Cushman & Wakefield in facilitating this endeavour. Second, I believe in Panattoni Tricity North the fund will find excellent real estate and sustainable addition to its current portfolio,” concluded Bartłomiej Sutkowski, Associate, Capital Markets, Cushman & Wakefield.

The purchaser was also assisted by Arcadis, Baker McKenzie Krzyżowski i Wspólnicy sp.k., and Greenberg Traurig Nowakowska-Zimoch Wysokiński sp.k. The seller was assisted by DLA Piper Giziński Kycia sp.k. and Albaluna Investments sp. z o.o.

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