Hillwood has expanded its Polish portfolio with a logistics park covering nearly 43,000 sqm, located in Gdańsk, in the eastern part of the city. The seller was Blackstone. The price has not been disclosed.
The logistics park was acquired from funds managed by Blackstone and consists of two fully leased warehouse buildings on Elbląska Street—one measuring 27,000 sqm and the other 16,000 sqm. Both are fully commercialized.
“We are consistently implementing our strategy of investing in the most attractive locations. We focus on fully leased logistics properties that meet the demands of the market. In addition to our development activities, we are increasingly investing in the acquisition of completed projects that complement our portfolio. I am confident that the newly acquired logistics park in Gdańsk will further strengthen our presence across all key logistics markets in Poland”, commented Hubert Michalak, CEO of Hillwood Polska.
