Panattoni has finalized the sale of Panattoni Park Tricity South II to Clarion Partners Europe – a company specialising in the investment and management of logistics and industrial properties - for €59 million.
“The sale of Panattoni Park Tricity South II confirms the Tricity area’s growing significance as a hub for logistics and e-commerce, while also reflecting the continued investor confidence in the Polish industrial real estate market”, said Michał Stanisławski, Co-Head of Capital Markets at Panattoni. “Institutional investors are increasingly looking at the industrial sector as a stable and long-term opportunity, with Panattoni’s projects providing the high-quality standards that meet their expectations", he added.
Panattoni Park Tricity South II is an industrial and logistics park with an are of 78,486 sqm, developed to meet the needs of e-commerce and logistics operators. Located in the strategic Tri-City area, the park provides access to the Tricity Bypass, the A1 motorway, and the Port of Gdańsk, ensuring efficient distribution capabilities. The facility incorporates sustainable solutions, including energy-efficient systems and green building certifications. The park's main tenant is LPP, a leading fashion retailer in Central and Eastern Europe.
Thorben Schaefer, Managing Director, Clarion Partners Europe, commented: “This is a best-in-class property in a highly sought-after distribution location, generating strong day-one income. The Polish market is performing well, and we would look to add to our portfolio there going forward.”
Rory Buck, Managing Director and Head of European Investments, Clarion Partners Europe, added: “Driven by both investor and occupier sentiment, the bifurcation between Grade-A, highly sustainable space and everything else is becoming more pronounced. Our portfolio remains firmly on the right side of the divide, and this latest purchase fully aligns with our highly targeted investment strategy.”
