Panattoni has finalised the sale of a centre in Lower Silesia. An international real estate company has purchased Panattoni Park Wrocław West Gate with a total area of 46,900 sqm. The price has not been revealed.
Panattoni Park Wrocław West Gate is a complex of two buildings (17,600 sqm and 29,300 sqm) that was built to BREEAM certification standards. The tenants include international logistics operators, Hellmann Worldwide Logistics and ESA Logistika, as well as packaging manufacturer Schumacher Packaging.
“Another successful disposal in the Wrocław region further confirms Lower Silesia’s and Poland’s investment quality and strong fundamentals of industrial real estate. Our sector is the most liquid and well-perceived by international institutional capital. Improving finance cost outlook has a positive impact on the overall market and motivates investors to take action in the current phase of the cycle.” comments Michał Stanisławski, the Head of Asset Disposition at Panattoni.
The park is located in the Miękinia area of the Średzki district near to Intel’s future semi-conductor factory. The location provides good communication since Wrocław’s city centre is just 20 minutes away while it is a 5-minute drive to the airport. Public transportation is available to workers. Nearby the development runs National Road 94. This road leads onto the S3 expressway, which runs parallel to Poland’s western border and also leads on to the Wrocław Motorway Bypass, which connects the A4 with the S5 and S8 expressways. The park provides its tenants with access to over 5 million potential customers within a one-hour drive.
Last year, Panattoni finalised the sale of twelve parks with a combined value of around €500 million, which makes up a 50% share of the country’s transaction volume for industrial real estate.
