Panattoni has sold an industrial asset in Lower Silesia, Panattoni Park Wroclaw West Gate, to an international real estate company.
The asset has a total area of 46,900 m2 across two buildings of 17,600 m2 and 29,300 m2 and was built to BREEAM certification standards.
The tenants include international logistics operators, Hellmann Worldwide Logistics and ESA Logistika, as well as packaging manufacturer Schumacher Packaging.
Michal Stanislawski, head of asset disposition at Panattoni, said: 'Another successful disposal in the Wroclaw region further confirms Lower Silesia’s and Poland’s investment quality and strong fundamentals of industrial real estate.
'Our sector is the most liquid and well perceived by international institutional capital. Improving finance cost outlook has positive impact on the overall market and motivates investors to take actions in the current phase of the cycle.'
The park is located in the Miekinia area of the Sredzki district near to Intel’s future semi-conductor factory. According to Panattoni, the park provides its tenants with access to over 5 million potential customers within a one-hour drive.
Last year, Panattoni finalised the sale of twelve parks with a combined value of around €500 mln, representing a 50% share of the country’s transaction volume for industrial real estate.
