ARTICLES LABELLED WITH TAG Lodz

Savills Investment Management has acquired a logistics property in Łódź, Poland, and two adjacent distribution centres in Den Bosch, the Netherlands, for a total of c. €52 million. The Polish property was purchased on behalf of the Savills IM European Logistics Fund 2 (ELF 2) portfolio, which now comprises 26 properties. The two Dutch logistics properties constitute the third transaction on behalf of the European Logistics Fund 3 (ELF 3), which was launched in late 2019.

Cavatina Holding has acquired the Widzewska Manufaktura revitalisation project in Łódź for €90 million (PLN 400 million). The seller of the approximately 4 ha site at Piłsudskiego 135 with its 19th-century industrial buildings was a company headed and co-founded by Stanisław Zaręba, represented in the transaction by Deloitte.

Savills Investment Management has acquired another logistics unit in Łódź. The property was purchased from Invesco Real Estate, the global real estate investment manager, on behalf of the Savills IM European Logistics Fund 2 (ELF 2), which now owns 26 properties in Europe.

Three tenants – LPP, Investa and Centor – have decided to extend their leases in Segro Logistics Park Stryków near Łódź, in deals that together amount to almost 80,000 sqm.

Kajima Properties Europe and Savills Investment Management have launched a new strategic partnership with the completion of the acquisition of Panattoni Europe’s interest in the 144,880 sqm Łódź City VI logistics park in Central Poland.

Panattoni has signed its latest lease with Terg, the owner of the Media Expert consumer electronics chain. The tenant is to occupy more than 12,000 sqm at Panattoni Business Center Łódź III in the city’s Widzew district, which it will be taking up in September 2020. Colliers International advised the tenant for this transaction.

The Medezin factory has started production in a 7R investment in Konstantynów Łódzki, Poland. This is the second brand that belongs to the Pelion Group, the largest healthcare company in Poland, which operates in the 7R Park Łódź West I. The storage area for Medezin was designed in the BTS formula and was adapted to the specific needs of the pharmaceutical industry.

London-based investor Grosvenor’s Indirect Investment team has expanded its portfolio in the logistics sector with a move into Poland. Grosvenor is the cornerstone investor of Polish Logistics LLP, a new investment vehicle established by IO Asset Management, the specialist manager of industrial real estate, and Reino Capital, a real estate holding company listed on the Warsaw Stock Exchange. Polish Logistics LLP has acquired Logistic City in the established logistics location of Piotrków, south of Łódź, from a private investor.

Panattoni has signed a lease with the owner of the Polish fashion label Tatuum – KAN sp. z o.o. The tenant will take up 10,150 sqm at Central European Logistics Hub in Łódź, moving in by mid-August 2020. The developer also leased 14,000 sqm of warehouse space in Panattoni Park Tricity East III to Omega Pilzno.

Vantage Development is expanding its operations to other Polish cities. At the turn of the year, the company acquired 4 properties in Poznań, and last week it won a tender for the purchase of a plot in Łódź.