German investor Deka Immobilien has acquired a logistics portfolio in the Silesia region of Poland for €80 mln.
German investor Deka Immobilien has acquired a logistics portfolio in the Silesia region of Poland for €80 mln.
The seller is the local real estate company, MLP Group.
Deka said the seven-property strong package was acquired on behalf of its West InterSelect open-ended fund.
The portfolio includes 90,000 m2 of rental space in Tychy and a 33,000 m2 development project in Bierun which also provides an opportunity to build a further 22,000 m2.
The properties are almost fully leased to 16 tenants.
Poland's logistics market has seen rapid growth over the past few months, when strong investor and occupier demand resulted in over 1 million m2 delivered in 2014 alone. This constitutes a record result, and represents a 150% increase on a year earlier when 400,000 m2 were developed, according to research by Colliers International.
