Monday, 8 December 2014
CBRE Global Investors acquires 30,600 m² distribution center in Warsaw for €32 mln (PL)
A fund managed by CBRE Global Investors announces the acquisition of “Ideal Idea” logistic and office business park located in Warsaw for circa €32 mln. The vendor was an investment fund managed by BPH Towarzystwo Funduszy Inwestycyjnych S.A.
The Property is located in Zone I of Warsaw’s logistic market and comprises approximately 20,200 m² of warehouse space and 10,400 m² of office space. There are 14 tenants in the center, including Solid Group, Wincor-Nixdorf and Baltona.
Commenting on the acquisition, Martin Sabelko, Head of Central Eastern Europe, CBRE Global Investors said: “We are very pleased with the acquisition of Ideal Idea logistic center in Warsaw. This is already the third acquisition of CBRE Global Investors in Warsaw Zone I location within the last 24 months. We are developing our business within the industrial sector and we are delighted to have secured this investment for one of our funds.”
Richard Everett, Fund Manager, CBRE Global Investors added: “The Ideal Idea is perfectly located in the most stable logistic hub in Poland. This is our third acquisition in this location, after the purchase of Warsaw Distribution Centre in December 2012 and Manhattan Distribution Centre in November 2013. The property fits the investment criteria of the Fund and will add synergy to our existing portfolio in Zone I. I believe the acquisition of Ideal Idea will contribute to the performance of the Fund and meets the requirements of our investors.”
Source:CBRE Global Investors