Global real estate investment management advisor BentallGreenOak (BGO) has made its debut deal in Poland, with the acquisition of a logistics park in Gdansk comprising three warehouses from developer 7R.
Financial details were not disclosed.
The site is located in the TriCity market, which benefits from immediate access to the A1 highway. Two of the three assets are already built and amount to a gross leasable area (GLA) of 39,000 m2.
The third asset will have a GLA of 10,000 m2 and is currently under construction, with completion expected within the next 6 months. THe BREEAM-accredited assets are currently 80% leased to high-quality tenants such as Polomarket and InPost.
The deal represents BGO's 46th European logistics acquisition in the last year, amounting to a total GLA of 1.75 million m2.
7R was advised by CBRE and Wolf Theiss.
BGO was advised by Dentons, CBRE, Baker McKenzie and Gleeds. ING Bank Slaski provided debt financing for the transaction and was advised by DLA Piper.
