News Article Amazon BNP Paribas Real Estate investment Panattoni Europe Poland warehouse
by Property Forum | Investment

The Polish branch of BNP Paribas Real Estate represented one of the Asian clients of the BNP Group in the acquisition process of a distribution centre in Świebodzin In Western Poland, which was developed by Panattoni. The Korean fund became the new owner. The property with a GLA of 190,000 sqm is fully leased to Amazon, one of the largest e-commerce providers in the world.

The financing, of almost €100 million, was granted by a consortium of two banks, with BNP Paribas Bank Polska being the Facility and Security Agent as well as the Account Bank. BNP Paribas Bank Polska provided also escrow services, allowing the parties to settle the purchase price in a safe way.

"We are proud to be a part of one of the largest Polish deals made in 2021. We are also happy to support our Asian clients in their investment in Europe and Poland, offering full scope of services. At the same time, I would like to thank all the parties involved in this very complex process. These past months of hard work performed by many people resulted in a great effect", said Mateusz Skubiszewski, Head of Capital Markets, BNP Paribas Real Estate Poland.

The facility is fully leased to Amazon and offers over 190,000 sqm of industrial space on 4 levels, accompanied by more than 9,000 sqm of office area and over 1,000 parking places at the site. The property is BREEAM- certified at "Excellent" level and benefits from good transport links of S3 expressway, which provides a connection to the A2 Motorway, allowing the tenant to efficiently distribute goods throughout Poland, Germany and the Czech Republic.