Panattoni has finalised the sale of two industrial developments near the administrative capital of the Lower Silesian region. Together, Panattoni Park Wrocław East, and Panattoni Park Wrocław S8 South comprise a total area of almost 43,000 sqm. The price and the buyer have not been disclosed.
”For institutional capital, the cost of financing is of key importance, and it has been noticeably decreasing recently, improving liquidity and positively influencing the outlook for the coming quarters. Industrial real estate has consistently been at the forefront of capital interest for years, with this trend steadily accelerating. The Polish market, supported by stable foundations, is exceptionally attractive compared to Europe. Initiatives such as Intel's investment near Wrocław, valued at around $4.6 billion, provide an optimistic outlook for long-term development prospects. Simultaneously, the availability of modern real estate continues to attract investors and tenants seeking top-quality facilities”, comments Michał Stanisławski, the Head of Asset Disposition at Panattoni.
Panattoni Park Wrocław S8 South is next to the junction of the A4 motorway with the S8 expressway, which gives the centre easy access to many destinations. The development is just three hours from Berlin and Warsaw as well as just five hours from Vienna. Four tenants have seen the attraction of the development including three logistics operators and a distributor of professional cooling solutions.
Panattoni Park Wrocław East also has a similarly-prized location being in the eastern part of the Wrocław urban area. Having an area of 24,700 sqm, the centre is used by tenants from numerous different industries including glass, home appliances and logistics.
Both developments are equipped with numerous sustainability solutions and they have both been awarded BREEAM environmental certificates.
”The administrative capital of Lower Silesia is continuing to heat up for investors. It is in this region where we made our biggest sale comprising buildings with a combined 160,000 sqm of buildings within the Wrocław Campus development, a real estate sale that also turned out to be the biggest in Poland this year. We also sold City Logistics Wrocław II in the city suburbs. Our sale of yet another two parks demonstrates the huge potential of this market”, adds Michał Stanisławski, the Head of Asset Disposition at Panattoni.
