GARBE Industrial Real Estate has entered the Polish market with an acquisition of a new production and warehouse facility of Hubergroup located in Wroclaw. The parties have signed a Preliminary Purchase Agreement for a new 22,000 sqm Build-to-Suit facility, on a 20 year term sale & leaseback transaction.
“We are pleased to secure our first transaction on the Polish market in such a core and well established location. Together with Hubergroup we have long term view at operating in Wroclaw and working together,” says Martin Polák, Managing Director CEE at GARBE Industrial Real Estate.
“This sale & leaseback transaction confirms that Poland is an attractive strategic location for operations, sales and distribution” – says Łukasz Fromiński, Associate Director, Investment at Savills.
Savills advised the vendor, Allen & Overy advised the purchaser in the transaction.
Hubergroup is a leading specialists for printing inks, coatings and press room chemistry. The successful, family-owned enterprise with more than 255 years of experience and expertise, manufactures high-quality products for packaging, commercial and news printing.
