Marvipol sells Warsaw warehouse project for €53.38 Million

PDC Industrial Center 135, a joint venture between Marvipol Logistics (a subsidiary of Marvipol Development), PG Dutch Holding I B.V., and Hermes Platinum, has finalized the sale of a logistics and warehouse project in Warsaw for a net price of €53.38 million, according to a statement from Marvipol.

The deal involves the sale of a 82,000-square-meter property located in the Białołęka district of Warsaw, Mazowieckie Voivodeship. The facility, operated by a special purpose vehicle (SPV), has been used for real estate rental activities. In addition to the net sale price, value-added tax (VAT) on goods and services will be added to the transaction.

Marvipol Development, a well-known Polish developer, specializes in two primary sectors: residential and logistics. Through special purpose vehicles, the company undertakes multi-family housing and warehouse construction projects, investing in both development and commercialization, with the goal of selling fully commercialized projects.

The company took over the development arm of Marvipol S.A. in 2017, continuing a legacy of real estate development that dates back to 1996.

Source: Marvipol and ISBnews