Panattoni has finalized the sale of a 33,000 sqm logistics centre in Uniejów, developed on a build-to-suit (BTS) basis. LCN Capital Partners has acquired its fourth facility within the K-Flex manufacturing campus from Panattoni. The price has not been disclosed.
The collaboration between Panattoni, LCN and K-Flex – a producer of flexible insulation and acoustic materials – has been ongoing for nearly 10 years, encompassing 100,000 sqm of production and warehouse space. As part of the K-Flex campus, the developer provided six buildings, four of which were funded by LCN Capital Partners – a private equity investor active in North America and Europe. The company has shown interest in assets provided by Panattoni once again, with the latest transaction involving the purchase of a 33,000 sqm logistics centre.
“We are proud to be able to support K-Flex at a critical moment in the market, when the importance to operate from efficient, state-of-the-art facilities built to the highest environmental standards is greater than ever. The combination of quality real estate and the potential for further growth makes the facility an attractive investment, which is why we decided to continue to invest into K-Flex. Our cooperation with Panattoni in Uniejów has been fruitful, benefiting both parties – and we look forward to expanding it further in the future," says Ward Stocker from LCN Capital Partners.
"By implementing further facilities for K-Flex in Uniejów, we have continuously refined our already high standards. The recently delivered logistics centre is an excellent summary of our cooperation so far, marked by mutual understanding and great trust. The customer's satisfaction is a wonderful reward for this project, as the interest and purchase transaction by LCN Capital Partners further confirms the quality and value of the Uniejów logistics centre," says Marek Foryński, BTS Managing Director.
Paweł Piasecki, Executive Director, Panattoni BTS adds: “I am thrilled to have cooperated with LCN Capital Partners on yet another BTS forward funding transaction. We have a proven track record and a long-term relationship, LCN is also an owner of 3 other buildings leased to K-FLEX Polska in Uniejów. This deal confirms a strong interest in BTS buildings leased to one tenant over a long term. It also confirms the attractiveness of investment structures where all the commercial terms are pre-agreed and known in advance, especially in current turbulent times in the financial markets. I am grateful for the trust put in our team, and I am looking forward to more fruitful transactions with LCN in the future”.
The K-Flex campus is situated about a 10-minute drive from the A2 motorway, providing easy access to key markets in Poland and Europe, including Łódź, Warsaw, Poznań, and Berlin.
