Industrial property group Prologis has acquired a 50,000 m2 logistics facility in Poland for an undisclosed amount.
Industrial property group Prologis has acquired a 50,000 m2 logistics facility in Poland for an undisclosed amount.
The site, which is 18 kilometres south-west of Lodz and leased to Castorama, was previously owned by global real estate investment manager Invesco Real Estate (IRE).
The facility was acquired for Prologis’s European Properties Fund II, following the purchase of two logistics facilities in Poland and Hungary totalling 94,200 m2 in July.
Ben Bannatyne, managing director of Prologis Central and Eastern Europe, said: ‘This facility complements PEPF II’s existing portfolio and meets rising demand for well-located logistics infrastructure in Poland.’
Tomas Picha, director of CEE transactions at Invesco Real Estate, said: ‘The successful sale of Castorama confirms the continued demand among institutional investors for core assets in Poland.’