CBRE Investment Management has acquired the Nexus portfolio, a 211,803 m2 logistics portfolio located in Poland, from European Logistics Investment, a vehicle jointly managed by Griffin Real Estate, Redefine and Madison International Realty.
Financial details were not disclosed.
The deal was struck on behalf of one of its separate account clients, and comprises a total of eight buildings across six Grade A warehouse complexes.
This includes Panattoni Park Warsaw Airport I, Panattoni Park Sosnowiec II, Panattoni Park Bydgoszcz II, Lódz Business Centre II, Panattoni Park Poznan V and Panattoni Park Kraków II. All eight properties were developed between 2015 and 2017 by Panattoni in a joint venture with Och-Ziff. The portfolio is 94% let to what CBRE IM describes as a 'well-balanced mix of tenants'.
Harald Flöer, managing director at CBRE IM, said: 'This was a rare opportunity to acquire a well-located, core portfolio of scale in the CEE region, particularly in the resilient logistics sector.
'The portfolio has a proven leasing history that is further supported by strong occupier market dynamics in Poland more broadly. The fundamentals of its various submarkets are compelling, with all six assets strategically located in the established and further growing logistics hubs in the country.'
Source: propertyeu.info on the 20th of December