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Panattoni Park Warsaw West V sold

Alex Hayes 07 June 2018

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

Panattoni Park Warsaw West V sold
Panattoni Park Warsaw West V is located next to the A2 motorway
POLAND Panattoni has sold Panattoni Park Warsaw West V totalling 70,000 sqm to the European Principal Finance III fund managed by Apollo Global Management.

Robert Dobrzycki, the CEO of Panattoni for Europe, comments: “The transaction involving the sale of real estate to a leading player in the European warehouse market confirms that the capital market regards class A warehouse facilities very highly. This is mainly due to the development of the e-commerce sector, generating record-high demand which translates into low vacancy rates, but also thanks to the appeal of the sector itself and the rates of return it offers. What is more, the steadily growing costs of construction make existing facilities very attractive, as they are relatively cheaper than those that are just being built, adding to their allure in the eyes of capital investors”.

Panattoni Park Warsaw West V, which is located next to the A2 motorway was completed in Q1 2018.


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