PL

Poland Greykite debuts in Poland

Investment & finance
European Real Estate Fund has commenced its deployment programme with the acquisition of a logistics portfolio in Poland. Three multi-tenanted properties will form the initial investment in a EUR 300 million joint venture with White Star Real Estate.

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

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Panattoni has sold the 39,000 sqm City Logistics Warsaw IV logistics park to an undisclosed international real estate investor for EUR 53.5 mln.

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schedule 11 October 2024
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schedule 10 October 2024
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schedule 09 October 2024
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schedule 09 October 2024
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Accolade has secured EUR 29.5 mln net financing from BNP Paribas Bank Polska for the development of Park Szczecin VI industrial park, located in the Dunikowo Special Economic Zone. The facility will have an area of over 54,000 sqm. 

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schedule 09 October 2024
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schedule 08 October 2024
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schedule 08 October 2024
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schedule 08 October 2024
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schedule 07 October 2024
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schedule 07 October 2024
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schedule 07 October 2024
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schedule 04 October 2024
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Latest in Investment & finance

schedule 11 October 2024

Panattoni sells Warsaw park

Panattoni has sold the 39,000 sqm City Logistics Warsaw IV logistics park to an undisclosed international real estate investor for EUR 53.5 mln.

schedule 11 October 2024

Big moves in the hotel sector

Accor has sold the Mercure Posejdon Gdańsk and an Ibis hotel in Kraków for an undisclosed sum but that could amount to over PLN 500 mln. But properties are to be repurposed.

schedule 10 October 2024

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MLP Group has successfully closed its debut senior green notes offering, worth EUR 300 mln (approx. PLN 1.3 bln). Investor demand far exceeded expectations, resulting in the offering being multiple times oversubscribed.

schedule 10 October 2024

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schedule 09 October 2024

Park Szczecin VI gets green financing

Accolade has secured EUR 29.5 mln net financing from BNP Paribas Bank Polska for the development of Park Szczecin VI industrial park, located in the Dunikowo Special Economic Zone. The facility will have an area of over 54,000 sqm. 

schedule 03 October 2024

Future comes to Galardia

The Galardia shopping centre in Starachowice has been acquired by Future Estate from London-based Stage Capital. It was opened in October 2014 and comprises 18,000 sqm gla.

schedule 01 October 2024

Garbe and Logicenters acquire former airbase

Garbe and its joint venture partner Logicenters, Nrep's development and management platform for logistics properties, have acquired a 20,000 sqm plot of land. A logistics centre with a total area of around 11,600 sqm is to be built on this site. Construction is scheduled to begin in Q2 2025, with an investment volume of around EUR 17 mln.

schedule 30 September 2024

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schedule 30 September 2024

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schedule 25 September 2024

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schedule 25 September 2024

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schedule 25 September 2024

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schedule 24 September 2024

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schedule 19 September 2024

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schedule 17 September 2024

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schedule 12 September 2024

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schedule 12 September 2024

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schedule 11 September 2024

Greykite debuts in Poland

European Real Estate Fund has commenced its deployment programme with the acquisition of a logistics portfolio in Poland. Three multi-tenanted properties will form the initial investment in a EUR 300 million joint venture with White Star Real Estate.

schedule 05 September 2024

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Garbe, in a joint venture with a fund managed by BlackRock, has acquired a brownfield site of almost 200,000 sqm in Salzgitter, Lower Saxony. The joint venture wants to create large-scale logistics on the site. The construction of the property with a total floor area of 70,000 sqm is scheduled to start in Q1 2025 and to be completed in 2026.

schedule 03 September 2024

KGAL goes shopping in Vienna

KGAL has acquired the ViE office building in the Austrian capital with a total rental area of 14,100 sqm for one of its property funds. The seller is CA Immobilien Anlagen AG. The building in a central location in Vienna is fully let.

Edition 10 (292) September 2024

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