CBRE Global Investors acquires 34,000 sq m distribution centre in Warsaw
CBRE Global Investors has acquired the Warsaw Distribution Centre logistic and office business park in Warsaw, Poland.
The vendor was Peakside Polonia Management.
The property is located in Zone 1 of Warsaw’s logistic market and comprises approximately 25,300 sq m of warehouse space and 8,700 sq m of office space. There are 28 tenants in the centre.
Martin Sabelko, managing director of CBRE Global Investors CEE, says: “We are very pleased with the acquisition of Warsaw Distribution Centre and it will be clearly considered as a milestone for our CBRE Global Investors CEE business. We are developing our business within the industrial sector and we are delighted to have secured this first investment in the CEE market.”
Richard Everett, fund manager, CBRE Global Investors, says: “The Warsaw Distribution Centre is perfectly located in the most stable logistic hub in Poland. The country economically outperformed the other European economies during the crisis and we believe that Poland will continue its dynamic growth in the medium and long term. The property perfectly fits the investment criteria of the Fund and I believe the acquisition of Warsaw Distribution Centre will contribute to the performance of the Fund and meets the requirements of our investors.”
Savills and Linklaters advised CBRE Global Investors. Jones Lang Lasalle and Clifford Chance advised Peakside Polonia Management.