P3 acquires 467,000 sqm of warehouses plus additional development land from CA Immo

In Poland, the 177,000 sqm park at Blonie is situated 30 kilometres west of Warsaw city centre, with links to the A2 motorway to Poznan and Berlin. Tenants include Bayer, IBM, Orange, Triumph and online retailer Allegro, reflecting the park’s appeal to large retailers seeking proximity to the Polish capital. This park offers 17 ha of development land.

The second park lies near Piotrkow, South East of Lodz in central Poland. It provides 75,000 sqm of space and direct road links to Warsaw, Wroclaw and Katowice. The park is on a 120 ha plot, offering scope for development. Kühne & Nagel, FM Logistic and InPost are among the park’s largest tenants.

The Bucharest Park is the largest of the three standing assets acquired by P3, consisting of 215,000 sqm of almost fully occupied space and 40 ha of land for development. It is a major centre for third-party logistics providers, due to its direct access to the A1 motorway heading westwards and the park’s freight handling facilities as part of the pan-European rail corridor linking Dresden and Nuremberg to Istanbul. The park’s location, close to the city’s principal ring road and easy access to central Bucharest, attracts e-commerce tenants, notably online retailer e-Mag as well as multinationals such as Carrefour, Tibbett Logistics, Gebrüder Weis and Interbrands.

Peter Bečár, P3’s Managing Director for Central & Eastern Europe, said: “The addition of parks near Lodz and Warsaw reinforces our presence in Poland alongside our existing parks in Poznan and Mszczonow. Together with the purchase of the best logistics park in Romania, these assets strengthen our CEE portfolio and complement our recent investments. It allows us to provide our customers with warehouses in a true pan-European platform.”

Source: Europaproperty.com