The property is located in a last mile delivery location, just 3.5 km away from the Katowice city center, and only a seven minute drive from the A4 motorway. The production area is 18,093 sqm GLA in total, including 12,808 sq m of warehousing/manufacturing space, 4,740 sq m of office/social space on two levels, with an additional 545 sq m of warehousing office space that has been leased to Rockwell Automation. The tenant has been operating from the property for 14 years and recently signed a long term extension of the lease.

Dr. Alexander Klafsky, Managing Partner at FLE GmbH said: “Our main focus for investments is on strong and sustainable cash flows and the Rockwell Automation facility in Katowice is a perfect example of that. We are very happy with our real estate portfolio in Poland that already comprises offices, hotel, wholesale, retail, and light industrial and are keen on expanding and diversifying here further.”

Krzysztof Cipiur, Partner, Head of Capital Markets Department at Knight Frank comments: “We are proud to advise FLE on the acquisition of this industrial project – it is new and a very attractive asset class for the fund in Poland. The asset is a great combination of excellent location and a strong tenant.”

Allen & Overy supported the buyer with legal services and TPA Poland advised on tax issues. Building consultancy services were provided by Trebbi. The seller has been advised by Colliers, JLL and Dentons.