CBRE-IM buys ELI’s Nexus logistics portfolio in Poland

In what is one of the largest deals in of the year in the Polish logistics market, CBRE Investment Management is acquiring a 211,803 sq m logistics portfolio from European Logistics Investment, a vehicle jointly managed by Griffin Real Estate, Redefine and Madison International Realty.

Known as the Nexus portfolio, the assets are being acquired on behalf of one of CBRE IM’s separate account clients, and comprise eight buildings across six parks. These include Panattoni Park Warsaw Airport I, Panattoni Park Sosnowiec II, Panattoni Park Bydgoszcz II, Łódź Business Centre II, Panattoni Park Poznań V and Panattoni Park Kraków II.

All eight properties were developed between 2015 and 2017 by Panattoni in a joint venture with Och-Ziff. The portfolio is 94% let to a mix of tenants including, Hutchinson, Kaufland and Saint-Gobain.

“The Polish economy continues to benefit from consumer-led structural growth and investment into transport infrastructure, which fosters supply chain reconfiguration within Europe and accelerates ecommerce adoption,”said Wojciech Szymaniuk, transaction manager, CBRE Investment Management.

CBRE Investment Management was advised by Linklaters, CBRE, Deloitte, Arcadis and Riskonet. ELI was advised by the law firm of Rymarz Zdort, Cushman & Wakefield and JLL and the tax advisors were MDDP.