CBRE GI buys final phase of Warsaw logistics park

CBRE Global Investors has acquired the final phases of the Ideal Idea logistics park in Warsaw.

The vendor was from an investment fund managed by BPH Towarzystwo Funduszy Inwestycyjnych (BPH TFI). Financial details were not disclosed.

The complex consists of 6,147 m2 of warehouse space and 3,980 m2 of office space only 1.5 km from Warsaw’s International airport.

CBRE Global Investors acquired the first phases of Ideal Idea in December 2014. This initial acquisition comprised a total of 30,596 m2 across four properties.

'The number of investment prospects for logistics buildings is very limited in this location, making this acquisition a rare opportunity that we were very pleased to secure,' said John Mulqueen, head of EMEA transactions, CBRE Global Investors. 'Now that we have completed on both phases of the park, we benefit from a dominant position on the leasing market. We plan to optimise the occupancy level of these logistic centres to generate stable and attractive cash flows for our investors.'