To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionKajima Properties and Savills launches strategic partnership with Polish logistics park deal
Kajima Properties Europe and Savills Investment Management have launched a new strategic partnership with the completion of the acquisition of Panattoni Europe’s interest in the 144,880-suare-foot (1.56 million-square-foot) Łódź City VI logistics park in central Poland.
The partnership between Kajima and Savills Investment Management (SIM) will continue to target increasing investor appetite from Asia for acquisitions in the European logistics sector.
The rapid growth of e-commerce, accelerated during the COVID-19 pandemic, has fueled continued demand for logistics and distribution hubs across Europe. In Poland, specifically, warehouse assets worth €1.46 billion ($1.73 billion) were exchanged in the first quarter 2020, close to the total for all of 2019, which hit €1.48 billion ($1.75 billion). According to JLL, Asian capital sources accounted for approximately a third of 2019 transaction market volumes. The deal marks a continuation of the successful d
