CBRE Global Investors has acquired on behalf of its investors, the ‘Hillwood Portfolio’ consisting of four standing logistics parks in Poland totaling 220.608m². The vendor was Hillwood.
CBRE Global Investors has also agreed to acquire from Hillwood a pipeline of projects currently under development. These consist of two new parks and two extensions in Poland totaling 134.165m² and two new developments in Germany totaling 71.684m².
The asset details are:
Poland
- 7R Logistic Centre Gdansk – a modern multi-let industrial and logistics park comprising six buildings (four already existing and two under construction) with 122.564m² of lettable space. It is located in the ‘Tri-City’ metropolitan area, providing excellent transport links.
- Hillwood Bielsko-Biala – a 41.540m² multi-let industrial and logistics asset, comprising two buildings and six tenants. The fully let property is located in one of the most developed parts of Poland directly adjacent to a motorway connecting Poland with Czech Republic and Slovakia.
- Ozarow I – a 12.460m² modern warehouse let to five tenants. Located approximately 15 km west from the city centre of Warsaw.
- Hillwood Wroclaw – located close to the fourth largest city in Poland, Wroclaw is a modern logistics park, comprising two buildings totally 90.045m². The park will be extended by one further building totaling 27.000m².
- Ozarow II – a multi-let industrial asset with a rentable area of 29.713m². Located 15km from Warsaw. The park is in the final stage of construction and letting process and the acquisition is planned within next few months.
- Warsaw Park – an inner-city facility benefitting from the close vicinity to the city centre of Warsaw. The industrial park comprises 23.815m² of lettable area with a planned extension of a further 7.600m². Completion is expected immediately after the extension is finished.
Germany
- Hillwood Weiterstadt – a new development that will only be acquired once fully let. Located in the Frankfurt am Main metropolitan area and once completed will comprise 37.282m².
- Hillwood Dusseldorf – a 34.402m² new development that will complete in 2017 and will only be acquired once fully let. This asset is a distribution centre, located within 4 km of Dusseldorf city centre.
John Mulqueen, Head of Transactions EMEA, CBRE Global Investors added: “We have over €1bn of capital to invest in CEE and Germany over the next 12 months. We are very pleased to be working with Hillwood to access top quality assets in a meaningful scale for the benefit of our investors. “
