Develia has signed a joint venture agreement with Hillwood. As part of the agreement, a special-purpose vehicle will be created to develop a logistics park with a minimum area of 400,000 sqm GLA on a property located in Malin near Wrocław. The estimated value of the entire project will exceed PLN 1.5 billion.

Hillwood Polska has started the construction of a new logistics centre in the Górna district of Łódź. The complex, which is scheduled to come into use in Q3 2023, will comprise more than 97,000 sqm of warehouse space.

Develia has signed a letter of intent on a joint venture with Hillwood Polska regarding the intention to jointly invest on a property located in Malina near Wrocław, involving the construction of a logistics centre with an area of ​​at least 400,000 sqm of GLA. The estimated value of the entire project will exceed PLN 1.5 billion.

CBRE Investment Management and Hillwood Investment Properties announced a definitive agreement whereby entities affiliated with CBRE Investment Management will acquire a 57-asset, 2.6 million sqm portfolio of state-of-the-art logistics properties in the United States and Europe valued at approximately $4.9 billion from Hillwood.

Transport services provider Regesta has moved into Hillwood Wrocław East. The new tenant took more than 17,500 sqm of warehouse and office space in the Wrocław logistics centre. Regesta was represented during the search for the new location and lease negotiations by experts of real estate advisory firm Cresa. Hillwood Wrocław East, comprising seven buildings with a total area of over 210,000 sqm, is now fully leased.

The Museum of Modern Art (MSN) in Warsaw is to lease 2,000 sqm of space in the Hillwood Warszawa Targówek warehouse investment. JLL represented the MSN during the negotiations.

Hillwood has started the development of a logistics park in Piekary Śląskie, near Bytom in Poland’s Upper Silesia region. Hillwood Piekary Śląskie, comprising more than 42,000 sqm, will be ready for use in Q4 2020. This is Hillwood’s third project in the Silesian province since the beginning of the year.

Hillwood acquired new industrial land in Czestochowa where is intends to develop Hillwood Logistics Centre Częstochowa-Miasto, a modern park consisting of 2 warehouses totalling ca. 64,000 sqm GLA.

7R and Hillwood have finalized a joint venture sale of a warehouse facility to a fund managed by GLL Real Estate Partners. The warehouse building is a build-to-suit (BTS) project for a leading European e-commerce platform. Last year, 7R and another fund managed by GLL Real Estate Partners concluded a larger warehouse portfolio transaction in the Central and Eastern Europe region. Cushman & Wakefield advised the purchaser in both of those acquisitions.

Hillwood is developing two Class A city warehouses in Warsaw’s Targówek district with a total area of ​​almost 50,000 sqm. Completion of the first hall with an area of ​​24,600 sqm is scheduled for Q3 2020.