News Article investment Poland TriCity Trigea warehouse
by Property Forum | Investment

Trigea nemovitostní fond acquired Panattoni Tricity North, an urban logistics park developed and managed by Panattoni. The asset was selected by Trigea for its first logistics investment in Poland. The parties agreed not to disclose the value of the transaction.

Panattoni Tricity North is the developer’s fifth warehouse park in Tricity, and the first in the vicinity of Gdynia and the nearby port. The distribution park comprises a single class A warehouse hall totalling close to 46,000 sqm. Panattoni Tricity North is 100% let. The facility features above standard number of docks, ground-level access gates, spacious service yards, as well as energy-saving and environment-friendly solutions, compliant with the requirements of BREEAM “Good” certification.

“Logistics is one of the most spelling asset classes over past couple of years. We are excited to expand our portfolio this direction and we believe that this asset is perfect fit for Trigea” said Ing. Tomáš Trčka, Chariman of the board Trigea nemovitostní fond, SICAV, a.s..

Cushman & Wakefield was assisting the purchaser in this transaction. “First, I would like to congratulate Trigea on its successful expansion onto the Polish logistics market and thank the client for entrusting Cushman & Wakefield in facilitating this endeavour. Second, I believe in Panattoni Tricity North the fund will find an excellent real estate and a sustainable addition to its current portfolio”, concluded Bartłomiej Sutkowski, Associate, Capital Markets, Cushman & Wakefield.

The purchaser was also assisted by Arcadis, Baker McKenzie Krzyżowski i Wspólnicy sp.k., and Greenberg Traurig Nowakowska-Zimoch Wysokiński sp.k. The seller was assisted by DLA Piper Giziński Kycia sp.k. and Albaluna Investments sp. z o.o.