AIG/Lincoln Polska have sold their warehouse/logistics/office project - Diamond Business Park £ód - to AIB Polonia Property Fund LP. This is the company's third sales transaction of Diamond Business Park after the projects in Warsaw and Piaseczno.
"We are very pleased that Diamond Business Park £ód has been acquired by such a reputable fund. It proves the project has been recognized as a valuable investment, with not only a convenient location, modern and efficient office and warehouse accommodation, but also one that provides excellent infrastructure for companies that are focused on value-added services", comments Miros³aw Szydelski, Investment Director of AIG/Lincoln Polska.
Ian Whiston, Chief Investment Officer of the Fund, added: "The property represents another quality acquisition to our growing portfolio of regional properties targeted by our investment team. We expect the property to perform very well in the future as the local market develops further and we look forward to working closely with AIG/Lincoln Polska with respect to ongoing property management and leasing of the investment."
Diamond Business Park £ód is located in the Widzew district of £ód, only 6 km south-east of the city center. The site has a total built area of approx. 60,000 m². The first phase of the projects amounting to 20,000 m² was built in 2000. The second and the third phase of additional 40,000 m² was delivered in 2005. The property is almost entirely let to a mix of international tenants, including: TBD, DHL Logistics, C. Hartwig Warszawa, Gillette, Kaufland, JAS FBG and Wincanton.
AIG/Lincoln Polska is responsible for the Property Management of Diamond Business Park £ód.
Source: AIG/Lincoln Polska