Panattoni completes €160m portfolio sale of 5 logistics parks in Poland

Panattoni, Europe’s largest developer and deployer of institutional capital in the industrial and logistics real estate sector, has completed the €160 million ($163.4 million) sale of a portfolio of five fully let logistics parks in Poland covering a total of 230,000 square meters (2.5 million square feet), to a North American real estate investment manager buyer.

Three of the logistics parks are located in Warsaw, one close to the city’s airport and two west of the Polish capital. A fourth is situated in Poznan East, strategically located between Warsaw and Berlin on the A2 highway, and a fifth near the city of Radom in central Poland, 100 kilometers (62 miles) south of Warsaw.

“Panattoni has successfully completed the sale of these five fully let logistics parks in Poland to a major global real estate investment manager after their development completion on schedule and to budget,” said Robert Dobrzycki, Panattoni, CEO and Co-Owner Europe. “Although the e