Logistics platform Trademarc has sold a Built-to-Suit (BTS) warehouse in Teresin, west of Warsaw, Poland.
The buyer and price for the 37,590 square metre warehouse have not been disclosed.
The BTS warehouse, developed in phases, initially delivered 24,800 square meters of space in June 2021, with an additional 12,790 square meters completed last year. The project received a BREEAM Very Good certificate.
It is fully leased to a distributor of globally recognized FMCG brands, small household appliances, and hotel, restaurant, and catering products.
Customised warehouse
Developed in collaboration with Panattoni, the warehouse was customized to meet the tenant’s requirements, including enhanced fire resistance above 4000 MJ/sqm, a clear height of 12 meters, and a 2,106 square meter controlled temperature zone. The tenant has also co-invested in the location, furnishing the automated sorting system and contributing towards roof enhancement for PV installation.
The BTS warehouse is near the national road DK92, 26 kilometers from the A2 Motorway junction, and about a 40-minute drive from Warsaw.
Trademarc is co-owned and managed by Griffin Capital Partners.
Auri Benatar, Executive Director at Trademarc Property Fund, says, “The logistics market in Poland remains resilient despite temporary setbacks in the overall economic performance of the European Union. As one of the fastest-growing markets in Europe, Poland offers state-of-the-art and sustainable logistics facilities, attracting both reputable tenants and investors alike. BTS Warsaw West, developed to the specific needs of the tenant, also meets rigorous environmental and technological standards. We remain confident about the future prospects of the Polish industrial and logistics market and will continue to screen the market for new attractive investment opportunities.”
Łukasz Toczek, Senior Vice President of Investments at Griffin Capital Partners, adds, “By carefully monitoring the Polish market, we see numerous new, attractive investment opportunities emerging. Therefore, we are altering our strategy towards divesting stabilized and yielding assets and converting the proceeds into new projects that reflect a new market equilibrium point. The logistics and warehouse sector remains highly attractive, offering significant growth and profit potential for our investors.”
Rymarz Zdort, SKJB and JLL advised Trademarc in the sale.
