Rymarz Zdort advised European Logistics Investment (“ELI”) in connection with a transaction involving the sale of the Nexus portfolio, a 211,803 sq m logistics portfolio located in Poland, to CBRE Investment Management. The transaction is one of the largest deals in terms of size and value in the Polish warehouse market for 2021.
The portfolio comprises a total of eight properties across six, Grade A warehouse complexes, including 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. The portfolio is 94% let to a well-balanced mix of tenants.
ELI is a dynamically developing logistics platform on the Polish market. ELI provides high-quality facilities that offer excellent connectivity and value for businesses at desirable locations around the country, thanks to the partnership with Panattoni, a leading developer of industrial real estate. ELI’s current portfolio comprises of 26 logistics projects encompassing 45 properties with a total area of over 1.1 million sqm GLA, including 563,000 sqm of standing assets, 219,000 sqm under construction and a further 370,000 sqm secured in pipeline projects. ELI is owned by Redefine Properties, Madison International Realty and Griffin Real Estate.
CBRE Investment Management is a leading global real assets investment management firm with USD 133.1 billion in assets under management as of September 30, 2021. Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets, equity in funds and joint ventures, securities portfolios, operating companies and real assets-related loans. As an investor/operator, the firm creates sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, users, people and communities thrive.
The Rymarz Zdort team advising on the transaction was led by corporate partner and the head of the real estate practice Piotr Fedorowicz, who was supported by associate Michał Kostewicz and associate Patrick Koźliczak.