Private equity investor LCN Capital Partners has acquired a state-of-the-art manufacturing and warehouse facility in Tczew, Poland, for more than €26 million.
The seller is Panattoni, the largest industrial and logistics real estate developer in Europe.
The 30,000 square metre build-to-suit (BTS) facility features advanced technological solutions and also sustainable features. This includes a BREEAM Excellent environmental certification.
The project involved a sale & leaseback transaction and an expansion of the original facility by 20,000 sqm, including the installation of a FM Global sprinkler system and the adaptation of floors for automatic guided vehicles (AGV).
Investors are attracted to the Polish industrial space market and BTS facilities. This is thanks to its strategic location in the centre of Europe, well-developed infrastructure, and relatively low saturation.
Marek Foryński, BTS Managing Director at Panattoni, says, “We thank LCN Capital Partners for their trust and partnership in acquiring another BTS project carried out by Panattoni. The repeated cooperation is proof that tailor-made industrial facilities are extremely attractive assets, and interest in this segment is constantly growing.”
Technologically advanced production facilities equipped with sustainable solutions are in demand from buyers around the world.
Ward Stocker from LCN Capital Partners praised the efficiency and also the flexibility of Panattoni’s BTS department. He expressed his satisfaction with the successful completion of the Tczew project, which was completed on schedule in March thanks to the effective cooperation of all parties involved.
“After completing the project successfully on so many levels, we primarily want to thank our partners for their immense trust and openness. It is an example of excellent cooperation, where both parties share the same goal — to achieve a win-win situation.”
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