Panattoni Europe has formed a joint venture company with Pramerica Real Estate Investors, whose aim is to build a portfolio of logistics warehouses in Poland, the Czech Republic and Slovakia.
Its value will be close to 100 million euros. The company will focus on projects with a minimum area of 10 thousand. sqm. which will be contracted for the preliminary lease agreement for at least half of the building before the start of its construction. A minimum of 65 percent. assets will be located on Polish territory.
Source: Eurobuild, www.eurobuild.pl