After selling its two logistics properties in Prague and Warsaw, Immofinanz Group said it plans to shift its focus to the Romanian, Russian and German markets.
“These two transactions reflect our strategic exit from the logistics sector in Poland and the Czech Republic. Our investments in the Czech Republic are now concentrated in the retail and office asset classes. In Poland, we currently hold two other logistics properties that are designated for sale over the medium-term. Our focus for the development of logistics properties lies on the core markets of Germany, Romania and Russia“ explains Eduard Zehetner, CEO of Immofinanz Group.
The company’s portfolio includes 89 properties worth around €991.1m.
