Panattoni sold two logistics facilities to German real estate fund HANSAINVEST Real Assets
European industrial real estate market leader Panattoni has sold two logistics facilities in Poland totalling 43,700 sqm to HANSAINVEST Real Assets. Both developments were recently delivered and are fully leased to customers with strong credit ratings. HANSAINVEST Real Assets acquired logistics properties for HANSA Europe Logistic Fund (HELF).
The properties sold by Panattoni were built in 2021 and are located in the established logistics markets of Poznań (19,800 sqm) and Wrocław (23,900) in western Poland.
- "Investor appetite for logistics and industrial assets has increased significantly in the era of the pandemic as they have proved resilient to the economic turmoil and lockdowns caused by COVID-19. They have thus become an important part of the investment market and an increasingly important component of investors' portfolios. Awareness of the good prospects offered by the industry and the logistics services sector, including the rapidly growing e-commerce sector, in turn, translates into an expected good rate of return on investment" – explains Robert Dobrzycki, CEO Panattoni.
HANSAINVEST Real Assets GmbH invests in the real estate and infrastructure sector. The company's assets under management are around 6.5 billion euros, including office, retail, hotel, logistics, and residential properties in 19 countries. In addition to portfolio management, the areas of purchase and sale, as well as asset management and project development, are covered.
“Two state-of-the-art multi-tenant properties with good third-party usability at two top logistics locations in western Poland's transport hubs – the two properties ideally suit the acquisition profile of our fund. Thanks to this purchase we are specifically enhancing the diversification of our portfolio and once again making use of our in-house logistics expertise,” comments Nicholas Brinckmann, the chairman of the management board of HANSAINVEST Real Assets.
The main tenants in Poznan are the international parcel service DPD, the consumer goods group and the food wholesaler. A total of 1,600 m² of the space is used for office purposes, while the rest is classic logistics space. The Wroclaw property is leased to the Polish market leader for the manufacture of face masks, and Selsey, a furniture specialist. The logistics space is complemented by around 1,900 m² of office space. The occupancy rate of both properties is 100 per cent.
MFC Real Estate acted as advisor to the buyer, while Greenberg Traurig provided legal support. DLA Piper acted as advisor to the Panattoni, and was reprented by: Agnieszka Lehwark (Counsel), Agata Kaczorowska (Senior Associate) and Miłosz Dykacz (Associate). Tax advice on the buyer side was provided by TPA Poland.