21:17 SEGRO acquires Ozarow Business Centre | |
| SEGRO has completed the acquisition of Ozarow Business Centre, a
logistics park in Warsaw, for €14.1 million, from the Endurance Real
Estate Fund, managed by ORCO Property Group S.A. The 36,600 sqm estate comprises four standalone buildings, providing a range of accommodation suitable for logistics or light industrial usage. It is located in Ozarow, 16 km from Warsaw city centre and adjacent to the new A2 highway (Warsaw – Poznan– Berlin). Both multinationals and leading Polish companies including CAT, Joanna, Nowa Era and TP Link currently occupy the park. This transaction will enhance SEGRO's position in Warsaw, the largest logistics market in Central Europe, and will increase the company’s critical mass in the region to almost 90,000 sqm of existing space, with development potential for a further 80,000 sqm at Tulipan Park Warsaw. Commenting on the acquisition, Bozena Krawczyk, SEGRO’s Investment Director Central Europe, said: "This acquisition is further evidence of our strategy to recycle capital into the logistics sector across key transportation corridors in our prime markets. With the proven expertise of our local management team we will be able to further enhance the performance of this asset, as well as build on our presence in Warsaw.” The seller is Endurance Real Estate Fund, a Luxembourg-regulated closed-end fund organized as an umbrella fund with sub funds focused on real estate acquisitions on commercial and residential markets in Central Europe. Orco Property Group SA, an investor, developer and asset manager on real estate and hospitality markets manage endurance Fund. Operating in Central Europe since 1991, Orco Property Group, based in Luxembourg, is a public company listed on the Paris Stock Exchange Euronext and on the Prague and Warsaw Stock Exchanges. Source: europaproperty.com | |
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