Record logistics transaction near Warsaw. Czech fund acquires park in Radzymin

The warehouse market in the Warsaw agglomeration remains extremely active. One of the largest logistics parks in the region – Panattoni Park Warsaw North II in Radzymin – has changed owners. The property was acquired by the Czech fund Trigea Nemovitostní Fond, making this one of the largest transactions in recent months.

New owner, large scale of investment

The sold complex has 88,000 sqm of warehouse space and was completed between 2021–2023. The previous owner was Trademarc Property Fund, which developed the project together with Griffin Capital Partners, who also acted as asset manager.

For Trigea Nemovitostní Fond, this is the largest transaction in the history of the Trademarc platform, and at the same time, another step in building a portfolio of high-quality logistics assets in Central and Eastern Europe.

A location that attracts tenants

Panattoni Park Warsaw North II is located in Radzymin, east of Warsaw, in the immediate vicinity of the S8 route and just about 10 minutes from the capital's borders. The combination of good transport accessibility and competitive rental rates has made the location highly attractive to tenants for years.

The complex consists of three modern warehouse buildings and was designed with flexible logistics processes in mind.

Stable tenants and high quality of the facility

The park is mostly leased – the main users are a large European e-commerce platform and an international logistics operator, who together account for over 65 percent of operating income.

The property holds a BREEAM New Construction certificate at the „Very Good” level, which confirms the high environmental and technical standards of the investment.

A key moment for Trademarc and Griffin Capital Partners

– This is the largest project in the history of our platform and a confirmation of the effectiveness of our chosen investment strategy – emphasizes Auri Benatar, Executive Director at Trademarc Property Fund.

For Griffin Capital Partners, the transaction marks another stage in the implementation of investment objectives.

– Over the last 16 months, as the platform's asset manager, we have completed exits from investments with a total value of over 98 million euros. The sale of the park in Radzymin allows us to focus on subsequent projects and utilize our existing land bank – comments Piotr Podolak, Vice President Investments at Griffin Capital Partners.

Who is the new owner?

Trigea Nemovitostní Fond is a Czech investment fund specializing in commercial real estate in the Central and Eastern European region, with a particular focus on the Czech Republic and Poland. The fund's strategy focuses on fully leased, stable assets that are attractive to both conservative investors and those expecting higher rates of return.

In the transaction process, Trigea was supported by advisors from Greenberg Traurig, Cushman & Wakefield and Sentient.