Prologis Sells Industrial Park in Poland to Hines
Hines Global REIT has purchased Prologis Park Sosnowiec in Poland for €19.9 million from Prologis. The transaction comprises two fully-let buildings totalling 47,000 square metres of distribution and office space.
“This latest transaction is another step forward in our effort to realign our portfolio with our investment strategy and focus on new developments in core global markets,” comments Ben Bannatyne, managing director for Prologis in central and eastern Europe.
Prologis Park Sosnowiec is the fifth park to be acquired by Hines Global REIT from Prologis. In April 2012, Hines purchased two assets in Warsaw, one in Be˛dzin and another in Wrocław.
Mieczysław Godzisz, senior managing director of Hines in Poland, adds, “The acquisition of the Sosnowiec asset has expanded H