Panattoni has completed the sale of two Polish logistics parks in Lublin and the Silesia West region to a North American private equity investor. The two properties have a combined gross lettable area (GLA) of about 65,000m².
The 35,000m² GLA logistics warehouse in Panattoni Park Lublin City IV in southeastern Poland is located on Lublin’s ring road and along the Pan-European Transport Corridor II corridor (Berlin-Nizhny Novgorod). The asset is 100% leased with inflation indexation and a weighted average unexpired lease term (WAULT) of six-plus years. It also has a BREEAM ‘very good’ sustainability certification and an ‘A’ Energy Performance Certificate (EPC).
The second asset is a 30,500m² GLA logistics warehouse at Panattoni Park Silesia West, near the town of Zabrze. It is not far from the city of Katowice in the Silesian urban conurbation of southwestern Poland, which is also the largest industrial and manufacturing region in Central Europe. The logistics park has quick access to the A1 and A4 motorways, providing excellent connections to the rest of Poland and to Germany.
Robert Dobrzycki, Panattoni CEO & Co-Owner Europe and India, said: “Our successful sale of these two fully-leased standing assets demonstrates the continuing strong investor appetite for modern logistics properties with high sustainability credentials in the Polish market.”