London & Cambridge Properties have entered the Polish market for the first time. The British investor has bought a retail warehouse unit in Janki outside Warsaw for 6.3 million.
The property is currently being leased to electrical appliance retailer Saturn, and was bought from Max Media.
LCP own property in the UK valued at over 1.3 billion. They are planning to spend upwards of 100 million on shopping and distribution warehouses in the region in the next 12 months.
King Sturge acted as LCP's agents for this transaction.