BentallGreenOak expands its growing position in the European logistics market with first Polish acquisition
Marks the 46th European logistics acquisition the firm has made in the last year
London (May 24, 2021) — BentallGreenOak, a leading global real estate investment management advisor and provider of real estate services, has today announced the acquisition of a logistics park comprising three well-located, high-quality warehouses in Gdansk, Poland. This marks the firm’s first investment in the Polish market, as it continues to expand its presence across Europe.
The site was acquired from developer 7R and is located in the TriCity market, which benefits from immediate access to the A1 highway. Two of the three assets are already built and amount to a GLA of ca. 39,000 sqm. The third asset will have a GLA of 10,000 sqm and is currently under construction, with completion expected within the next 6 months. All BREEAM-accredited assets have been developed to the highest standard and can be adapted to meet different tenant needs. Currently ca. 80% of the space is leased to market leading tenants such as Polomarket and InPost.
This latest deal is the 46th European logistics acquisition that BGO has made in the last year, amounting to a total GLA of 1.75MM SQM. It further strengthens the firm’s reputation as one of the most active players in the European logistics market and is another example of its strategy of acquiring or developing the highest quality logistics assets in core, proven locations that will benefit from the continued growth in occupational demand.
7R was advised by CBRE and Wolf Theiss. BentallGreenOak was advised by Dentons, CBRE, Baker McKenzie and Gleeds. ING Bank Śląski provided debt financing for the transaction and was advised by DLA Piper.
About BentallGreenOak
BentallGreenOak is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BentallGreenOak serves the interests of more than 750 institutional clients with approximately $62 billion USD of assets under management (as of March 31, 2021) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BentallGreenOak has offices in 24 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets.
In Europe, BentallGreenOak is a leading investment manager with over 50 professionals and $5.2 billion USD in AUM across debt and equity, with strategies spanning from Core to Value-Add and Development, with its own internalised operating capability. The firm has acquired or developed over 150 logistics assets comprising 5.1 million square meters (55 million square feet) since 2015. BentallGreenOak’s investment vehicles have assembled a large and diversified land bank across Europe, currently owning or controlling over 1,000 acres of land (capable of building over 23 million square feet of space) zoned for Logistics, Data Centers and Cold Storage.
BentallGreenOak is a part of SLC Management, which is the institutional alternatives and traditional asset management business of Sun Life.
The assets under management shown above include real estate equity and mortgage investments managed by the BentallGreenOak group of companies and their affiliates.
For more information, please visit www.bentallgreenoak.com
Media Contact
Rahim Ladha
Principal, Global Head of Communications
BentallGreenOak
media@bentallgreenoak.com
