Mapletree Investments has locked in Poland's largest warehouse lease transaction of 2025, signing furniture retailer Agata S.A. to a combined 128,000 m² of logistics space in Piotrkow Trybunalski. The deal demonstrates the enduring appetite for quality logistics assets in Central Poland, even as e-commerce growth moderates across wider Europe.
The agreement encompasses a 10-year extension of Agata's existing 87,000 m² lease across Piotrków II DC1 and DC2, alongside a fresh 10-year commitment for a new 41,000 m² built-to-suit facility at Piotrków II DC3. The new development, scheduled for completion by early 2027, will be constructed to BREEAM Excellent standards and feature greywater recovery systems and solar panel infrastructure.
"We are delighted that Agata S.A. has decided to extend its existing lease and at the same time, expand its operations through our new BTS development in Piotrkow, Poland. This decision reflects the enormous trust they place in Mapletree and affirms Central Poland's strong position on Europe's logistics map," said Ralph van der Beek, Chief Executive Officer, Commercial and Logistics, Europe at Mapletree.
The transaction carries particular significance for institutional investors tracking Poland's logistics sector. With Piotrków II DC1 and DC2 held under Mapletree US & EU Logistics Private Trust (MUSEL), a closed-end fund managing US$4.3bn (€4bn) in assets, the lease extensions provide portfolio stability whilst the built-to-suit component offers immediate inflation-linked rental growth, a combination increasingly prized in today's yield environment.
Strategically positioned near the A1 motorway and S8 expressway junction, the Piotrków II complex offers Agata optimised connectivity for nationwide distribution whilst maintaining proximity to major European freight corridors. The location has emerged as a logistics sweet spot in Central Poland, benefiting from lower land costs than Warsaw whilst retaining access to Poland's 38 million consumers.
Since entering Poland in 2018, Mapletree has built a €943m portfolio spanning 1,225,000 m² of office and logistics properties as at 31 March 2025. The Singapore-based developer's Warsaw team brought the transaction to fruition, underscoring Mapletree's deepening footprint in Central European logistics markets.
People mentioned:
- Ralph van der Beek, Chief Executive Officer, Commercial and Logistics, Europe, Mapletree Investments
Companies mentioned:
- Mapletree Investments – Singapore-based real estate investment and capital management company
- Agata S.A. – Leading Polish furniture retailer
- Mapletree US & EU Logistics Private Trust (MUSEL) – Closed-end private fund managing logistics assets across the Americas and Europe
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