Palmira Capital Partners has acquired a logistics property in Swarzedz near Poznan, Western Poland, for the P-Logistik Europa Fonds. The vendor is the Akron Group.
Financial details were not disclosed.
The occupier of the property is Magna Automotive Poland, part of the Canadian-Austrian automotive supplier Magna International, which holds a very long-term lease for the entire property.
The property is located on a site of around 32,000 m2 and has a total lettable area of around 15,000 m2, which is divided between production, logistics and office areas. The building has a flexible floor plan and was constructed in several stages, with the last extension completed in Q4 2022.
Aleksandra Bis, head of asset management at Palmira in Poland, said: 'The acquisition of this long-term leased logistics property is an ideal addition to our Polish portfolio. It is an excellent quality fit while ensuring a stable cash flow for our investors.'
Palmira was advised on the legal and tax aspects of the transaction by Dentons, Düsseldorf and Warsaw. Drees & Sommer was responsible for technical details and Nova Ambiente was entrusted with the environmental aspects.
