Savills Investment Management acquired a logistics centre near Wrocław. The purchase price amounts to €32.7 million. This modern facility with a total area of 46,000 sqm. was purchased by Savills IM on behalf of Savills IM European Logistics Fund 3 (ELF 3) from Panattoni Europe.
During the transaction, Savills IM was advised by Wolf Theiss, EY, Gleeds and Savills.
The property totalling 46,000 sqm was built in 2019 and is fully leased by domestic and international companies from the logistics, food and chemical sectors. The investment is located in Nowa Wieś Wrocławska near Wrocław, within a major logistics hub and next to A4 / A8 highway interchange, the S8 expressway and the national road No. 5.
Piotr Trzciński, Director, Head of Transactions – Poland, Savills IM, said: “Owing to its’ favourable location near the border with Germany and the Czech Republic, very good road connections with major Polish cities and an absorptive local market, Wrocław is developing rapidly and aspires to become one of the largest warehouse markets in the country. The outstanding location of the park, the proximity of an important industrial cluster and a diverse profile of tenants influenced our decision to debut in Wrocław. The investment presents a very good fit to the strategy of the ELF3 fund, which assumes investing in modern warehouse facilities with the potential to increase their value, located on the key markets in Europe, close to major transport corridors.
The scale of our activities in the logistics sector in Poland is manifested by the fact that in recent months only our Polish portfolio was expanded with new logistics assets totalling nearly 400,000 sqm and €300 million in transaction value.”
Savills IM’s logistics real estate portfolio has been expanded in recent months by warehouse parks in Warsaw (42,000 sqm.) and Sosnowiec (37,000 sqm.). Its portfolio also includes two modern BTS (build-to-suit) facilities acquired by Savills IM on behalf of an Asian investor. The first one is the Amazon Gliwice logistics centre, established in 2019. The facility with a record space of over 200,000 sqm was built according to the guidelines provided by Amazon, the global e-commerce leader. The second investment of this kind is the H&M Bolesławiec distribution centre offering 75,000 sqm of space. Both projects were developed by Panattoni Europe.
In Poland, Savills IM currently manages logistics assets with a total area of over 720,000 sqm and a total value of €500 million.
