Panattoni has sold two logistics facilities in western Poland for an undisclosed sum to the Hansa Europe Logistic Fund (HELF), which is managed by German real estate investor Hansainvest Real Assets.
The two properties, which were completed this year, have a combined area of 43,700 sqm and are situated in Poznań (19,800 sqm) and Wrocław (23,900 sqm). The main tenants of the Poznań asset include international parcel service DPD, Brandline and food wholesaler Agart Pro. It has a total of 1,600 sqm of office space with the remainder being warehousing. The Wrocław property, which has 1,900 sqm of office space, includes among its tenants a mask manufacturer Mask AUthority and furniture retailer Selsey. Both facilities are 100 pct leased.
"The two state-of-the-art, multi-tenant properties with good third-party usability are situated in two top logistics locations in transport hubs in western Poland – and they are ideally suited to the acquisition profile of our fund. Thanks to this purchase we are specifically enhancing the diversification of our portfolio and once again making use of our in-house logistics expertise", said Nicholas Brinckmann, the chairman of the management board of Hansainvest Real Assets
MFC Real Estate acted as advisor to the buyer, while Greenberg Traurig provided legal support and tax advice by TPA Poland. DLA Piper acted as advisor to Panattoni.
Hansainvest Real Assets invests in the real estate and infrastructure sector. It now has around EUR 6.5 bln assets under management, including office, retail, hotel, logistics and residential properties in 19 countries.
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