BentallGreenOak acquires Polish logistics park
BentallGreenOak, a global real estate investment management adviser and provider of real estate services, has acquired a logistics park comprising three well-located, high-quality warehouses in Gdansk, Poland.
This marks the firm’s first investment in the Polish market, as it continues to expand its presence across Europe.
The site was acquired from developer 7R and is located in the TriCity market, which benefits from immediate access to the A1 highway. Two of the three assets are already built and amount to a GLA of c39,000 sq m. The third asset will have a GLA of 10,000 sq m and is currently under construction, with completion expected within the next six months. All BREEAM-accredited assets have been developed to the highest standard and can be adapted to meet different tenant needs. Currently c80 per cent of the space is leased to market leading tenants such as Polomarket and InPost.
This latest deal is the 46th European logistics acquisition that BGO has made in the last year, amounting to a total GLA of 1.75m sq m. It further strengthens the firm’s reputation as one of the most active players in the European logistics market and is another example of its strategy of acquiring or developing the highest quality logistics assets in core, proven locations that will benefit from the continued growth in occupational demand.
7R was advised by CBRE and Wolf Theiss. BentallGreenOak was advised by Dentons, CBRE, Baker McKenzie and Gleeds. ING Bank Śląski provided debt financing for the transaction and was advised by DLA Piper.