PL

Poland Partners and Peakside pick up Okęcie site

Investment & finance
Partners Group and Peakside Capital Advisors have successfully completed the purchase of a 5 ha plot in Warsaw’s Okęcie district for the development of a last-mile urban logistics project.

The plot which is located on ul. Kinetyczna, close to the city’s Chopin Airport, is to be the site of the 11,000 sqm City Point Okęcie. The site is also close to Warsaw’s Southern Ring Road and the S79 expressway.

In the wake of last year’s successful acquisition of a 150,000 sqm logistics portfolio, including the flagship City Point Targówek project, jointly with Partners Group, we made the decision to extend and broaden our collaboration. We aim to develop projects in premium urban locations within Poland’s major metropolitan areas to complement our existing logistics portfolio. The combination of prime locations and our focus on sustainable solutions is crucial in our pursuit of ambitious projects that promise to deliver significant returns and investment value.
Roman Skowroński, the managing director of Peakside Capital Advisors in Poland

City Point Okęcie is to be the fourth asset in the portfolio owned by the joint venture, following City Point Targówek, Logistics Point Raszyn and Logistics Point Piaseczno. The major redevelopment of City Point Targówek was started earlier this year with the ongoing development of a cross-dock warehouse pre-leased to DPD Polska. Its completion is expected in Q4 2023.

Under of its value-add strategy, the joint venture intends to grow its urban logistics portfolio through the acquisition of development sites as well as existing assets that will be upgraded or redeveloped.

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Edition 7 (290) July 2024

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