Chinese investment firm CGL Investment has acquired two Amazon distribution centres in Poland from Invesco Real Estate.

The international investment company – formed by the state-owned China Nanshan Development, CNIC Corporation and China BOCOM Insurance –  has bought the two newly-built centres totalling 105,000sqm for an undisclosed sum.

Announcing the deal, Invesco, which sold the assets on behalf of its strategic opportunities investment programme, said the deal has set “new records for the market with assets valued based on a record yield for the Polish logistics market of 4.25%”.

The centres have been leased to Amazon a 15-year lease.

Tom Emson, senior director, Invesco Real Estate, said: “With demand for bespoke logistics space in Europe high, the opportunity to fund two purpose-built distribution centres for one of the market’s biggest retailers, backed by long-term institutional quality triple-net leases, is the type of transaction in which we have strong conviction.

”Our approach for the strategic opportunities programme is to exploit market inefficiencies while delivering strong risk-adjusted returns to our investors throughout the capital structure and during different stages of the market cycles. Our programme will be reinvesting the capital into other projects across Europe, which conform to our investment style.”