Industrial real estate developer Panattoni has sold the Panattoni Park Poznan XI for €92.5 mln to an undisclosed real estate investor.
The centre, located in Zerniki just outside Poznan, is fully leased to DHL Supply Chain and Arvato.
Michal Stanislawski, head of asset dispositions at Panattoni, said: 'The recent sale of Panattoni Park Poznan XI, along with the earlier sale of Panattoni Park Wroclaw West Gate in March, highlights our ability to swiftly finalise major transactions in a very short period of time.
'These deals reflect the high quality of Panattoni's industrial parks and their attractiveness to international investors. The increasing activity of specialised investors demonstrates the strong fundamentals of the Polish market, enabling implementation of sector-oriented growth strategies.
'The investors aim at well-positioning themselves within the current phase of the cycle and accessing top-quality assets - driving demand for Panattoni's properties.'
The larger of the two buildings is a BTS development constructed for DHL Supply Chain to provide logistics services for a leading European platform for fashion.
The operations include the distribution of goods to many European markets including Poland and Germany. The opening of the logistics centre resulted in the creation of around 800 new jobs.
The scheme is certified BREEAM Excellent, but for three of the assessment categories – water, waste and health & wellbeing – it received the highest rating of Outstanding.
Thanks to the solutions used, water use was reduced by over 60% and power usage was down by 18% on the average baseline model.
Furthermore, the buildings and their surroundings have been prepared for the coming long-term changes to the climate, and a centre adaption strategy has also been drawn up for possible changes in usage. The building life cycle analysis confirms that reductions to power usage, emissions and harm to the environment have been maximised over the entire life cycle of the building.
Last year, Panattoni finalised the sales of twelve parks in Poland for a total combined price of around €500 mln. This means that the developer’s share of the total transaction volume for the industrial market in Poland came to over 50%.
