Panattoni sells core logistics asset in Warsaw in landmark €53.5 million deal

by   CIJ News iDesk III
2024-10-11   11:15
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Panattoni has finalized the sale of City Logistics Warsaw IV, a 39,000-square-meter logistics complex in Warsaw, marking a significant transaction in the Polish industrial real estate market. The buyer, an international real estate investment firm, acquired the asset for €53.5 million.

"The City Logistics Warsaw IV transaction is a prime example for today’s core sellers. As the economic cycle progresses, we anticipate increased investment activity in this segment," said Michał Stanisławski, Co-Head of Capital Markets Poland at Panattoni.

Located just 11 kilometers from Warsaw’s city center, City Logistics Warsaw IV is a modern industrial park offering access to key transport routes, including a rail terminal and the E67 road. Its strategic position makes it a prime location for companies in the manufacturing and technology sectors.

The park currently accommodates six tenants, including a major electronics manufacturer, which fully occupies a 22,400-square-meter building, producing solutions for markets in the U.S., Japan, Korea, and China. Other tenants include a ventilation and drive technology supplier and a Polish electric bicycle manufacturer, utilizing 4,200 square meters for production and warehousing.

Built to the highest sustainability standards, City Logistics Warsaw IV holds a BREEAM Excellent certification, reflecting its commitment to environmentally responsible construction.

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