Panattoni sells warehouses in Warsaw

Panattoni has sold two urban warehouse parks in Warsaw. The new owner of the properties is the fund Octane Capital Partners, operating in cooperation with Peakside Capital Advisors.

As part of the concluded transaction, two operating urban warehouse parks were acquired, which are certified under the BREEAM system at the Excellent and Very Good levels. The facilities offer flexible warehouse modules tailored to the needs of small and medium-sized enterprises. This acquisition is the first venture for the joint venture (JV) company established between the parties, but also another step in the ongoing investment strategy of Peakside Capital Advisors regarding the acquisition of modern warehouse facilities.

- We are pleased to announce the finalization of the purchase transaction of two modern urban warehouse parks located in the Warsaw area. This is another step in the systematic development of our warehouse real estate portfolio, consistent with our investment strategy focused on urban logistics - said Michał Nawrot, Head of Investments CEE at Peakside Capital Advisors.

Peakside and Octane executed the transaction as part of a newly established joint venture, the goal of which is to carry out joint investment projects in the Polish real estate market and debt instruments secured by real estate assets.

Two warehouse parks in the portfolio in Warsaw

The acquired portfolio consists of two assets. Panattoni Park Warsaw Janki IV offers approximately 13,000 sqm of modern warehouse and office space. The location provides convenient access to the center of Warsaw (approx. 15 minutes) and quick access to key road junctions – from 3 minutes to the Wypędy junction on the S8 route to 10 minutes to the Konotopa junction on the A2/S2 motorway.

In turn, Panattoni Park Warsaw City V is located in the Targówek district of Warsaw, on Chełmżyńska Street. It offers approximately 11,000 sqm of warehouse and office space. The facility provides flexible modules for small and medium-sized tenants and excellent transport accessibility.

In the transaction process, Octane and Peakside were supported by: DL Partners (legal advisory), Arcadis (technical advisory), CRIDO (tax and financial advisory), and CBRE (commercial advisory). Panattoni used the services of SKJB (legal advisory) and Thedy & Partners (financial and tax advisory).