Segro plc, in its role as venture advisor to the Segro European Logistics Partnership (SELP), has acquired Panattoni City Logistics Wrocław I - two buildings with a total area of 38,000 sqm. Advisors from JLL represented Segro within the transaction.
The park, purchased from Panattoni Europe, has been re-named Segro Business Park Wrocław. Its two buildings comprise a total of 35,000 sqm of warehouse space and 3,000 sqm of offices. Both buildings are fully leased by nine customers representing mainly the logistics sector. The park is ideally located in the south-western part of Wrocław, near the intersection of the A4 and A8 motorways.
“Wrocław is one of the fastest-growing cities in the European Union and a growing star of the warehouse market. It has huge potential to reach customers both locally and along the strategic corridor between Warsaw, Berlin and Prague, as well as providing excellent opportunities to reach the absorptive markets of other regions of Poland and neighbouring countries. Segro Business Park Wrocław is our latest investment in Lower Silesia and this purchase does not end our appetite for further growth in the region,” comments Bożena Krawczyk, Segro's Investment Director Central Europe.
“We have noticed long ago that the growing internet sales will increase the demand for logistics operators, transhipment platforms and sales points close to customers. Hence the growing popularity of parks located within cities that respond to the needs of last mile and intra-city logistics. The sale of such a park as Panattoni City Logistics Wrocław I to Segro confirms our earlier predictions and shows that city parks are becoming a good investment opportunity,” says Robert Dobrzycki, Chief Executive Officer Panattoni Europe.
“We are pleased that Segro has once again placed its trust in us when implementing its investment strategy. We congratulate Segro on this purchase, which in our opinion is in line with the trends currently driving the Polish warehouse market. The facility is located within the borders of Wrocław, which meets the conditions for internal city logistics solutions and at the same time provides easy access to domestic and foreign markets,” adds Magdalena Uler-Kłeczek, Senior Consultant in the Capital Markets Department, JLL.
Segro Business Park Wrocław is the second purchase by the company in this region, after Segro Industrial Park Wrocław 2. The company also increased its portfolio in Biskupice Podgórne, near Wrocław, with the acquisition of 17 ha plot with the possibility of building another 75,000 sqm.
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