Poland Greykite debuts in Poland

The portfolio, which is almost fully occupied, totals over 142,000 sqm of lettable space. It features a diversified income profile across more than 40 tenants, with an average unexpired lease term of three years. The properties are located in Warsaw, Stryków and Gliwice.

The transaction follows on from the formal launch of Greykite and the Fund in March this year, when it received capital commitments from Capital Constellation, an investment platform managed by Wafra and Leucadia Asset Management. Greykite specialises in real estate investing across a series of asset classes with durable fundamentals in select European markets.

Commencing the investment programme with the formation of this JV with White Star and the Fund’s acquisition of this logistics portfolio is another major milestone for Greykite. This transaction is consistent with our strategic focus on scalable investment themes in high-conviction sectors underpinned by compelling fundamentals. The Polish logistics market is benefitting from a number of structural drivers, including the continued trend for nearshoring as a result of its European single market access and relative affordability, and high e-commerce penetration.
Michael Abel, Founder and CEO of Greykite

In addition to the compelling acquisition yield, the portfolio offers numerous leasing, asset management and investment initiatives we will look to implement alongside White Star. Together, Greykite and White Star aim to further scale the JV over the next 18-24 months, reflecting our conviction in the logistics market.
Dan Valenzano, senior partner of Greykite