Logistics platform Trademarc, co-owned by Griffin Capital Partners, has sold a 37,590 m2 Built-to-Suit (BTS) warehouse located in Teresin, west of Warsaw, to an unnamed buyer for an undisclosed sum.
The warehouse was initially completed in June 2021 with 24,800 m2 of space and was expanded by 12,790 m2 last year. The property is fully leased to Orbico Supply, a distributor of FMCG brands, small household appliances, and HoReCa products in Europe.
The warehouse project, developed in collaboration with Panattoni, has achieved a BREEAM Very Good certification. The project was customized to meet the tenant's exact requirements, including a fire-resistance rating of over 4,000 MJ/m2, a clear height of 12 meters, and a controlled temperature zone of approximately 2,106 m2. Orbico Supply actively participated in the project by investing in an automated sorting system and contributing to roof improvements to facilitate future solar panel installation.
Auri Benatar, executive director at Trademarc Property Fund, commented: ‘The logistics market in Poland remains resilient despite temporary setbacks in the overall economic performance of the European Union. As one of the fastest-growing markets in Europe, Poland offers state-of-the-art and sustainable logistics facilities, attracting both reputable tenants and investors alike. BTS Warsaw West, developed to the specific needs of the tenant, also meets rigorous environmental and technological standards.
‘Lukasz Toczek, senior VP, Investments at Griffin Capital Partners, added: ‘By carefully monitoring the Polish market, we see numerous new, attractive investment opportunities emerging. Therefore, we are altering our strategy towards divesting stabilized and yielding assets and converting the proceeds into new projects that reflect a new market equilibrium point. The logistics and warehouse sector remains highly attractive, offering significant growth and profit potential for our investors.’
Michal Stanislawski, head of Asset Dispositions at Panattoni, said: ‘The sale of the centre in Teresin is yet another significant transaction to have been finalised by Panattoni this year. This not only demonstrates the continuously rising demand of foreign capital for Polish assets but also how attractive our investment projects are since they meet the highest standards in the market required by international investors.’
Situated in Teresin, part of Warsaw's third zone, the facility offers accessibility to key transportation hubs, such as the DK92 national road and the A2 Motorway junction.
Trademarc was advised by Rymarz Zdort, SKJB, and JLL during the sale process.
