Panattoni, European leader in industrial real estate, sells a portfolio of 5 logistics parks in strategic locations totalling 280,000 sqm to an Asian investor. This marks the Asian investor's first investment in Poland and the transaction was handled by Savills Investment Management.
The parks occupy strategic locations in Poland – Warsaw (Panattoni Park Warsaw North, Panattoni Park Warsaw South), Silesia (Panattoni Park Silesia I), Poznan (Panattoni Park Poznań VIII) and Szczecin (Panattoni Park Szczecin II). Following the transaction, Panattoni will stay on as the facility manager at all the properties included in the portfolio.
The disposal by Panattoni reflects current market trends, particularly the interest from Asian investors in Central and Eastern Europe. According to Robert Dobrzycki, CEO Panattoni Europe: - “Investors’ appetite for logistics and industrial assets continues to grow across Europe, and particularly in Poland given its economic and locational advantages. For Panattoni, this is a very important portfolio deal as we have managed to put together (with our various investors) one of the best portfolios of logistics parks in key markets. Additionally, and not for the first time, when selling our projects, we are staying on as facility managers.”
The transaction also commended Jon Crossfield, Head of Strategic Partnerships in Europe from Savills Investment Management: - “We are delighted to have advised the Asian investor on their first acquisition in continental Europe and achieving an important first step in building a large, diversified pan-European logistics portfolio. We look forward to building on it in 2020 and are already considering a number of opportunities in other countries. The acquisition meanwhile takes our assets under management in Poland to over EUR 1.3bn, with a further EUR 250m in exclusivity in the country.“
Panattoni is part of the Panattoni Development Company, one of the largest industrial developers in the world, with 26 offices in North America and Europe. Panattoni has been present in Central Europe since 2005. To date, the developer has delivered 9.6 million sqm of modern industrial space altogether in Poland, the Czech Republic, UK and Germany, leading the Top Property Developers 2019 ranking by PropertyEU Magazine for the third time running. A dedicated department responding to individual tenants’ needs – build-to-suit projects – is also located within the Panattoni Europe structure. Among key tenants are companies such as Amazon, Arvato Services Polska, Coty Cosmetics, DSV, H&M, Intermarché, Leroy Merlin, ND Logistics, Still, Schenker, Selgros and Tesco. Apart from Poland, Panattoni has offices in the United Kingdom, Czechia, Luxembourg, Germany and now also the Netherlands.
About Savills Investment Management
- Savills Investment Management is an international real estate investment manager with offices in Amsterdam, Frankfurt, Hamburg, Jersey, London, Luxemburg, Madrid, Milan, Munich, Paris, Stockholm, Warsaw and Katowice as well as Singapore, Kuala Lumpur, Tokyo and Sydney.
- Savills Investment Management administers assets of a total value of approx. EUR 18.9 bn worldwide (as of 30 September 2019).
- Savills Investment Management offers a wide variety of asset and fund management services in the form of individual mandates and funds for a variety of investors, including insurance companies, pension funds, charities and family offices. The scope of investment styles reaches from core to opportunistic.
- Savills Investment Management is part of Savills plc, an international real estate service provider with stock market listing.