Hillwood and LCube join forces on project near Wrocław

03
Oct
2023
News - Hillwood and LCube join forces on project near Wrocław #Hillwood #LCube #logistics #Poland #warehouse #Wrocław

by Property Forum | Industrial

Hillwood Polska and LCube have signed an agreement to develop a logistics facility on the eastern outskirts of Wrocław. Spanning over 60,000 sqm, the Hillwood & LCube Wrocław East industrial and warehouse complex will offer Class A warehouse space and meet 'Excellent' BREEAM certification standards. LCube will serve as the Development Manager, working closely with Hillwood through the construction and commercial phases.


In recent days, the inaugural lease agreement for the Hillwood & LCube Wrocław East complex has been finalized with an international logistics firm. The tenant will occupy 22,869 sqm of warehouse space along with 285 sqm of office and staff facilities, accounting for some 40% of the facility's overall capacity. The remaining space will be developed on a speculative basis.

“Lower Silesia stands as a key player in Poland's warehousing landscape. The region is especially advantageous for the growth of e-commerce, logistics, and light manufacturing companies serving both domestic and Western markets. Hillwood is steadily expanding its investments in this location, and the planned warehouse park in cooperation with LCube aligns seamlessly with our broader development strategy”, says Damian Słaby, member of Hillwood Polska Management Board.

The new Hillwood & LCube Wrocław East industrial and warehouse park will be connected to the local and national road network. A key asset of the investment is its proximity to a section of Wrocław's Eastern Bypass, completed last December, providing direct access to the S8 expressway to Warsaw, and the A8, Wrocław’s Motorway Bypass. Additionally, the project's location in Dobrzykowice provides convenient rail connections to Wrocław, a further advantage for tenants in employee recruitment.

“For LCube, this 60,000-square-meter facility represents our largest investment in Poland so far. The chance to collaborate with a demanding investor like Hillwood Polska and attracting a powerful partner offers a strong foundation for future well-designed projects. We're gearing up to commence construction works having signed a contract with general contractor Rex-Bud, and we aim for Hillwood & LCube Wrocław East to be tenant-ready by next July", states Michał Stachura, a management board member of LCube.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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