Panattoni Europe has disposed of two portfolios of logistics assets located in Poland, totaling 402,000 sqm of space to affiliates of LogiCor, the pan-European logistics platform established by real estate funds managed by affiliates of The Blackstone Group L.P.
The first transaction, closed in October 2012, consisted of four projects located in Poland’s key logistics markets, totaling 218,000 sqm of space. The second transaction, closed in December 2012, consisted of a portfolio of nine newly-built logistics assets throughout Poland, totaling 184,000 sqm. The portfolio was co-developed with Pramerica Real Estate Investors, the European arm of the U.S.-based Prudential Financial, Inc.’s real estate investment management and advisory business.
LogiCor, together with its affiliates, owns 2.5 million sqm in 91 high-quality properties in the UK, France and Poland, serving the logistics and distribution needs of manufacturers, retailers and third-party logistics solutions providers.
Panattoni Europe is part of the Panattoni Development Company, one of the largest industrial developers in the world, with 40 offices in North America and Europe. Panattoni Europe has been present in the CEE region since 2005.
