Union Investment has acquired a new logistics building in the Polish town of Wrzesnia from Netherlands-based online retailer vidaXL for an undisclosed sum.
The recently completed logistics building, which boasts a ‘Very Good’ BREEAM rating, consists of over 130,000 m2 of rental space, with offices making up about 2.5% of the total.
It is fully leased to vidaXL Logistics Services for a period of ten years.
Wrzesnia is located in one of Poland's most important logistics hubs for online retailers and logistics companies with pan-European operations, around 50 km east of Poznan.
Stephan Riechers, head of logistics investment at Union Investment, said: ‘Poznan benefits from excellent infrastructure. The A2 motorway connects the location with Warsaw and Moscow in the east, and with Berlin and Dublin in the west. The Lodz motorway intersection also provides easy access to north and south Poland and to the Czech Republic and Slovakia. In addition, the number of skilled workers in the area is relatively high.’
Cedric Mallmann, investment manager logistics CEE at Union Investment, added: ‘“Thanks to its central position in Poland, Poznan is the ideal location for online retailers like vidaXL who operate across Europe. The property is set to become vidaXL’s main returns centre. It will play an important strategic role in the retailer’s supply chain.’
The acquisition was conducted on behalf of Union Investment’s UII Garbe Logistics Fund.
The buyer was advised by Dentons, cmT, Thedy & Partners, Grant Thornton and 3stone Real Estate.
