Czech Trigea Nemovitostní Fond has bought the 88,000 sqm logistics park in Radzymin, east of Warsaw, from Trademarc Property Fund. The transaction represents Griffin Capital Partners' largest disposal for the platform to date.
Panattoni Park Warsaw North II, developed between 2021-2023, comprises three buildings offering 88,140 sqm of logistics space.
The property is leased by a leading European e-commerce delivery platform and an international logistics operator, with both tenants accounting for over 65% of income. The asset has achieved Breeam New Construction Very Good certification.
"Panattoni Park Warsaw North II demonstrates Trademarc's commitment to delivering logistics assets in strategic locations. The disposal marks an important milestone as our largest project to date and validates our investment strategy," said Auri Benatar, Executive Director at Trademarc Property Fund.
Piotr Podolak, Vice President Investments at Griffin Capital Partners, added: "Over the last 16 months, Griffin executed exits in excess of €98 million investment volume for the platform. This transaction enables refocusing of the investment strategy on remaining landbank conversion as well as new investments."
Trigea was advised by Greenberg Traurig, Cushman & Wakefield, and Sentient.
