Panattoni sells Panattoni Park Tricity North

Panattoni, the largest developer and capital investor in the industrial and logistics real estate market in Europe, has sold the fully leased distribution park Panattoni Park Tricity North to the Czech fund Trigea Nemovitostní Fund - an investment company belonging to the Czech Partners Group. The class A property with an area of 46,000 sq m is the fifth Panattoni park in the Tricity, and the first one near Gdynia, a port city on the Baltic coast.

The Tricity is a metropolitan area in the Pomeranian Voivodeship comprising three cities located on the Bay of Gdańsk - Gdańsk, Gdynia, and Sopot. It has easy access to two major pan-European transport corridors, connecting Scandinavia with Southern Europe, as well as with countries bordering the Baltic, including Lithuania, Latvia, and Estonia.

Robert Dobrzycki, CEO and co-owner of Panattoni Europe and India, said: - "The successful sale of this well-located asset proves the continued strong appetite of investors in the Polish market for modern logistics real estate with high sustainability parameters. The Tricity region is the largest port hub and one of the most economically developed regions in the country."

Panattoni Park Tricity North is characterized by a large number of docks, ground-level entry gates, spacious service yards, as well as energy-efficient and ecological solutions, in accordance with the requirements of the BREEAM "Good" certificate. The facility is located just over 20 kilometers from the airport and only eight kilometers from the deep-water container terminal at the Port of Gdynia.

Ing. Tomáš Trčka, Chairman of the Board of Trigea Nemovitostní Fund, SICAV, a.s., said: "This is our second investment in Poland. It shows our belief in the strength of the logistics market in Poland and the attractiveness of the Tricity as a destination for international institutional investors.” 


The parties agreed not to disclose the value of the transaction.