IFM Investors, the state-owned Polish Development Bank (PFR) and Singapore’s PSA International have agreed to buy the DCT Gdansk container terminal in Poland from Macquarie Infrastructure and Real Assets (MIRA) and its co-investors for about PLN5bn (€1.17bn).
IFM Investors and the Polish bank are expected to each hold a 30% stake in the largest container terminal in Poland, with the Temasek-owned PSA International owning the remaining 40% of the asset.
The MIRA-managed Global Infrastructure Fund II owns the terminal alongside a number of Australian super funds, including Australian Super, MTAA Super (an industry super fund) and Statewide Super, (a South Australian super fund).
Tan Chong Meng, group CEO of PSA International, said PSA International would leverage its global network and partner with shipping lines, logistics operators and cargo owners “to deliver more efficient, flexible and robust supply chain solutions for the region”.
PSA International is a co-investor with IFM Investors in the Mersin International Port in Turkey. Acquisition of DCT Gdansk marks the Singapore-based port manager/owner’s entry into Eastern Europe and IFM Investors’ port investment in Europe.
IFM Investors’ global head of infrastructure, Kyle Mangini, said PRF would bring “invaluable insights” into the Polish market. IFM already owns a Polish asset, Veolia Energia Polska, one of Poland’s leading heating providers.
Paweł Borys, CEO of PFR, said the new owners supported DCT’s ambitious expansion plans, including construction of a new terminal in coming years to leverage the economic growth of Poland and Central and Eastern Europe.
Borys said DCT Gdansk was the only deep-water container terminal in Poland and the entire Baltic Sea basin.