Blackbrook Capital, a European independent real estate investment firm focusing on mission-critical commercial property, today announced the acquisition of a 100,000 sqm Class-A logistics facility in Poland. The transaction price was not disclosed.
Located in Poznan, one of the core logistics markets in Poland, the facility is 100% leased to a global e-commerce player subject to a long-term net lease. Panattoni, the largest industrial developer in Europe, delivered the distribution centre in 2014. The facility benefits from a large land parcel providing substantial manoeuvring space and expansion potential, as well as state of the art logistics specifications with good environmental credentials. The purchase price was in line with replacement cost.
Poznan is a vivid logistics market with strong fundamentals; it is located on the E30 primary motorway connecting Warsaw and Berlin, and over the past decade has experienced increasing demand from both local and international occupiers.
The tenant, a global e-commerce player, maintains a strong market position in German e-commerce sales. It is expected to continue its growth trajectory benefitting from both the secular shift towards e-commerce, as well as the tailwinds from COVID-19 that have positively impacted online retailers.
Blackbrook Capital is an independent real estate investment firm focusing on mission-critical commercial real estate across Europe. It specialises in the acquisition of Net Lease industrial assets, and the provision of structured corporate Sale-Leaseback and Build to Suit development financing.
Its primary sector focus and specialism includes industrial & logistics as well as defensive retail, healthcare, strategic office and other critical operating assets.
Blackbrook was established on the principle that commercial real estate occupiers are better served investing their capital in their core business activities and growth initiatives, rather than tying up valuable capital in real estate assets. Blackbrook looks for opportunities where it can add significant value for tenants who are looking to grow and adapt their businesses, including through a transition to a greener and more environmentally sustainable future.
Source : Blackbrook Capital